Form 8-K CARLISLE COMPANIES INC For: Feb 06
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
_____________________________________________________
CURRENT REPORT
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): February 6, 2018
www.carlisle.com
CARLISLE COMPANIES INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware (State of incorporation) | 1-9278 (Commission File Number) | 31-1168055 (IRS Employer Identification No.) | ||
480-781-5000
(Registrant’s telephone number)
16430 North Scottsdale Road, Suite 400, Scottsdale, Arizona 85254
(Address of principal executive offices)
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))
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. |
Item 8.01. Other Events.
On February 6, 2018, the Company announced that the Board had authorized a new share repurchase program that authorizes management to buy back up to an additional 5 million shares of the company's common stock over an indefinite period of time or until terminated by the Board. These shares will be purchased at management's direction from time to time in the open market at prevailing market prices, in privately negotiated transactions, or through block trades. This authorization is in addition to approximately 2.1 million shares remaining, as of December 31, 2017, under the existing share repurchase authorization announced in September 2016.
A copy of the related press release the Company issued announcing this authorization is filed with this report as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
See Exhibit Index attached hereto.
SIGNATURE
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.
CARLISLE COMPANIES INCORPORATED | ||
Date: February 7, 2018 | By: | /s/ Robert M. Roche |
Robert M. Roche | ||
Vice President and Chief Financial Officer | ||
EXHIBIT INDEX
Exhibit Number | Exhibit Title | |
Press Release dated February 6, 2018, titled "Carlisle Companies Incorporated Authorizes Repurchase of an Additional 5 Million Shares." | ||
PRESS RELEASE | |
2/6/18
Carlisle Companies Incorporated Authorizes Repurchase of an Additional 5 Million Shares
SCOTTSDALE, ARIZONA, February 6, 2018 - The Board of Directors of Carlisle Companies Incorporated (NYSE: CSL) today announced a new share repurchase program that authorizes management to buy back up to an additional 5 million shares of the company's common stock over an indefinite period of time or until terminated by the Board. These shares will be purchased at management's direction from time to time in the open market at prevailing market prices, in privately negotiated transactions, or through block trades. This authorization is in addition to approximately 2.1 million shares remaining, as of December 31, 2017, under the existing share repurchase authorization announced in September 2016.
Christian “Chris” Koch, President and Chief Executive Officer, said, “We are extremely pleased to continue our share repurchase program, an integral part of our strategy to deliver value to shareholders."
About Carlisle Companies Incorporated
Carlisle Companies Incorporated is a diversified, global portfolio of niche brands and businesses with highly engineered and high margin products. Carlisle is committed to generating superior shareholder returns by combining a unique management style of decentralization, entrepreneurial spirit, active M&A, and a balanced approach to capital deployment, all with a culture of continuous improvement as embodied in the Carlisle Operating System. Carlisle’s markets include: commercial roofing, agriculture, mining, construction, aerospace, defense, transportation, industrial, protective coating, and auto refinishing. Carlisle’s worldwide team of employees generated $3.7 billion in net sales in 2016. Learn more about Carlisle at www.carlisle.com.
CONTACT: Robert M. Roche
Chief Financial Officer
Carlisle Companies Inc.
(480) 781-5000
www.carlisle.com