UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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) | July 20, 2018 |
PTC Inc. | |
(Exact Name of Registrant as Specified in Its Charter) | |
Massachusetts | |
(State or Other Jurisdiction of Incorporation) | |
0-18059 | 04-2866152 |
(Commission File Number) | (IRS Employer Identification No.) |
140 Kendrick Street Needham, Massachusetts | 02494-2714 |
(Address of Principal Executive Offices) | (Zip Code) |
(781) 370-5000 | |
(Registrant’s Telephone Number, Including Area Code) | |
(Former Name or Former Address, if Changed Since Last Report) |
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 (see General Instruction A.2. below): | |
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
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. ☐
Section 8 – Other Events
Item 8.01
Other Events.
On July 20, 2018, PTC Inc. entered into an accelerated repurchase agreement to repurchase approximately $1 Billion of its common stock, with an initial delivery of 8,244,873 of the shares to be repurchased on July 23, 2018. The repurchase is scheduled to be completed no earlier than March 4, 2019 and no later than May 31, 2019.
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.
PTC Inc. | |||
Date: July 20, 2018 | By: | /s/ Andrew Miller | |
Andrew Miller | |||
Executive Vice President and Chief Financial Officer | |||