View:
|
|
|
|
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant To Section 13 OR 15(d) of The Securities Exchange Act of 1934
Pursuant To Section 13 OR 15(d) of The Securities Exchange Act of 1934
|
Date of Report (Date of earliest event reported): November 14, 2012
|
|
|
|
MINERALS TECHNOLOGIES INC.
|
|
(Exact name of registrant as specified in its charter)
|
|
Delaware
|
|
1-11430
|
|
25-1190717
|
|
(State or other jurisdiction
of incorporation) |
|
(Commission File
Number) |
|
(IRS Employer
Identification No.) |
|
622 Third Avenue, New York, NY
|
|
10017-6707
|
|
(Address of principal executive offices)
|
|
(Zip Code)
|
|
|
(212) 878-1800
|
|
|
(Registrant's telephone number, including area code)
|
||
|
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.
|
|
|
|
|
|
[ ]
|
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)) |
|
|
|
|
|
|
|
|
|
|
||
|
Item 8.01
|
|
Other Events.
|
||
|
|
|
On November 14, 2012 the Company issued a press release announcing that on November 14, 2012 its Board of Directors approved a two-for-one stock split in the form of a 100-percent stock distribution payable on December 11, 2012 to shareholders of record of the company's common stock on November 27, 2012. Trading in the common stock on a post-split adjusted basis will begin December 12, 2012.
The Board of Directors also declared a fourth a regular quarterly dividend of $0.05 per share payable on December 31, 2012 to shareholders of record December 21, 2012. This dividend will be paid on all shares post-split, effectively doubling dividend payments to shareholders of the company's common stock as of the record date.
|
||
|
|
|
|
||
|
Item 9.01
|
|
Financial Statements and Exhibits.
|
||
|
|
|
(d)
|
Exhibits
|
|
|
|
|
|
99.1
|
Press Release dated November 14, 2012
|
|
|
|
|
|
|
|
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.
|
|
|
|
MINERALS TECHNOLOGIES INC.
|
|
|
|
|
(Registrant)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
By:
|
/s/ Thomas J. Meek
|
|
|
|
Name:
|
Thomas J. Meek
|
|
|
|
Title:
|
Senior Vice President, General Counsel and Secretary, Chief Compliance Officer
|
|
|
|
|
|
|
Date: November 16, 2012
|
|
|
|
|
MINERALS TECHNOLOGIES INC.
|
||
|
EXHIBIT INDEX
|
||
|
|
|
|
|
Exhibit No.
__________ |
|
Subject Matter
____________________________________________________________ |
|
|
|
|
|
99.1
|
|
Press Release dated November 14, 2012
|
|
|
|
|
|
|
Exhibit 99.1
|
 |
News
|
|
For Immediate Release
|
Contact:
|
|
November 14, 2012
|
Rick B. Honey
|
|
(212) 878-1831
|
THE BOARD OF DIRECTORS OF MINERALS TECHNOLOGIES APPROVES A TWO-FOR-ONE STOCK SPLIT AND DOUBLES CASH DIVIDEND
------------
Board Declares a Fourth Quarter Dividend, Maintaining $0.05 per Share
On a Post-Split Basis
----------
NEW YORK, November 14—The Board of Directors of Minerals Technologies Inc. (NYSE: MTX) today approved a two-for-one stock split in the form of a 100-percent stock distribution payable on December 11, 2012 to shareholders of record of the company's common stock on November 27, 2012. Trading in the common stock on a post-split adjusted basis will begin December 12, 2012.
The Board of Directors also declared a fourth quarter dividend of $0.05 per share payable on December 31, 2012 to shareholders of record December 21, 2012. This dividend will be paid on all shares post-split, effectively doubling dividend payments to shareholders of the company's common stock as of the record date.
"This two-for-one stock split and dividend increase is a result of the Board of Directors' continued confidence in the long-term growth and financial performance of Minerals Technologies," said Joseph C. Muscari, chairman and chief executive officer. "This action reflects our balanced approach of returning cash to shareholders while maintaining our ability to fund our growth strategies of geographic expansion and technological innovation, as well as continue our pursuit of mergers and acquisitions."
The stock split will result in an increase from approximately 17.7 million to 35.4 million in the number of outstanding shares of the company's common stock. Each shareowner of record on the close of business on the record date will receive one additional share of common stock for each share held.
Minerals Technologies' common stock began trading at $16 per share in 1992, when it became a publicly owned company. Since that time, the company's market capitalization has increased from $400 million to $1.24 billion.
Minerals Technologies Inc. is a resource- and technology-based growth company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. The company recorded sales of $1.04 billion in 2011.
----------
For further information about Minerals Technologies Inc. look on the internet at http://www.mineralstech.com/
####