PTC INC. — Capital/Financing Update 2017

Sep 19, 2017

8-K 1 form8-kstockrepurchase.htm FORM 8-K Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com Copyright 2017 Issuer Direct Corporation Blueprint

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) | September 19, 2017 |
| --- | --- |
| 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. ☐

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Section 7 – Regulation FD

Item 7.01.

Regulation FD Disclosure.

Stock Repurchase Authorization

The PTC Board of Directors has authorized the repurchase of up to $500 million of the company’s common stock for the period October 1, 2017 through September 30, 2020. PTC intends to use cash from operations and borrowings under its credit facility to make any such repurchases.

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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.

PTC Inc.

| Date:
September 19, 2017 |
| --- |
| Andrew
Miller |
| EVP,
Chief Financial Officer |

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