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
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Date of Report (Date of earliest event reported):
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(Exact name of registrant as specified in its charter)
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(State or other jurisdiction
of incorporation) |
(Commission File
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(IRS Employer
Identification No.) |
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(Address of principal executive offices)
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(Zip Code)
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(Registrant's telephone number, including area code)
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Title of each class
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Trading Symbol
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Name of exchange on which registered
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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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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c)) |
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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).
Emerging growth company
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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. [ ]
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Item 8.01
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Other Events.
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On October 23, 2019, the Company’s Board of Directors declared
a regular quarterly dividend of $0.05 per share on the Company's common stock. The dividend is payable on December 12, 2019 to the stockholders of record on November 4, 2019. A copy of the press release announcing the dividend declaration
is attached hereto as Exhibit 99.1 and incorporated by reference herein.
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| On October 24, 2019, the Company issued a press release announcing that its Board of Directors authorized a new, one-year $75 million share repurchase program. This authorization is effective immediately. This repurchase program replaces the previous program authorized by the Board of Directors that expired on October 1, 2019. A copy of the press release announcing the share repurchase program is attached hereto as Exhibit 99.2 and incorporated by reference herein. | ||||
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Item 9.01
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Financial Statements and Exhibits.
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(d)
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Exhibits
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Press Release dated October 23, 2019
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| 99.2 | Press Release dated October 24, 2019 | |||
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SIGNATURES
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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.
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MINERALS TECHNOLOGIES INC.
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(Registrant)
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By:
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/s/ Thomas J. Meek
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Name:
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Thomas J. Meek
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Title:
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Senior Vice President, General Counsel, Human Resources, Secretary and Chief Compliance Officer
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Date: October 25, 2019
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EXHIBIT 99.1
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News Release
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Investor Contact:
Cindi Buckwalter, (212) 878-1831
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Media Contact:
Michael Landau, (212) 878-1840
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Minerals Technologies Declares Quarterly Dividend
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NEW YORK, October 23, 2019 – Minerals Technologies Inc. (NYSE: MTX) today declared a regular quarterly dividend of $0.05 per share on the Company’s common
stock. The dividend is payable on December 12, 2019 to stockholders of record on November 4, 2019.
About Minerals Technologies Inc.
New York-based Minerals Technologies Inc. (MTI) 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. MTI serves the paper, foundry, steel, construction, environmental, energy, polymer and consumer products industries. The company reported
sales of $1.808 billion in 2018. For further information, please visit our website at www.mineralstech.com. (MTI-D)
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EXHIBIT 99.2
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News Release
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Investor Contact:
Cindi Buckwalter, (212) 878-1831
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Media Contact:
Michael Landau, (212) 878-1840
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Minerals Technologies Announces New $75 Million Share Repurchase Program
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NEW YORK, October 24, 2019 – Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced that its Board of Directors has authorized a new,
one-year $75 million share repurchase program, effective immediately. This repurchase program replaces the previous program authorized by the Board of Directors that expired on October 1, 2019.
“This new share repurchase program demonstrates the Board of Directors’ confidence in our business model and continued strong cash flow generation,” said
Douglas T. Dietrich, Chief Executive Officer. “Our balanced approach to capital deployment, supported by a solid balance sheet, gives MTI the flexibility to return capital to shareholders while also executing on our strategic growth investments.”
About Minerals Technologies Inc.
New York-based Minerals Technologies Inc. (MTI) 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. MTI serves the paper, foundry, steel, construction, environmental, energy, polymer and consumer products industries. The company reported sales
of $1.808 billion in 2018. For further information, please visit our website at www.mineralstech.com. (MTI-G)