Sensata Technologies Holding plc 8-K, filed Feb 18, 2020
Sensata Technologies Holding plc (ST)
8-K
2020-02-18
For: 2020-02-14
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Added on
April 04, 2026
About this 8-K
Sensata Technologies Holding plc filed this 8-K on February 18, 2020, reporting on events of February 14, 2020.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 14, 2020
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 8.01 | Other Events. |
On July 29, 2013, Wasica Finance GmbH and Bluearc Finance AG filed a lawsuit, Wasica Fin. GmbH (“Wasica”) v. Schrader International Inc. (“Schrader"), Case No. 1:13-cv-01353 with the U.S. District Court in the District of Delaware alleging that Schrader, a subsidiary of Sensata Technologies Holding plc, infringed Wasica’s patent (U.S. Patent No. 5,602,524) with Schrader’s tire pressure monitoring system products. Since the patent in question had expired, the action sought damages for past infringement. The asserted patent is the U.S. counterpart of a German patent that had been previously asserted against Schrader. Schrader succeeded in proving that German patent to be invalid. On February 14, 2020, the federal jury trial related to this lawsuit concluded, and the jury found Schrader liable for damages in the amount of $31.2 million. We continue to deny any wrongdoing, intend to file post-trial motions, and will appeal the decision.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SENSATA TECHNOLOGIES HOLDING PLC | ||||
/s/ Paul Vasington | ||||
Date: February 18, 2020 | Name: Paul Vasington | |||
Title: Executive Vice President and Chief Financial Officer | ||||
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