PTC INC. — Earnings Release 2018

Apr 18, 2018

8-K 1 form8-kq22018earnings.htm FORM 8-K Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com Copyright 2018 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) | April 18, 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. ☐

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Section 2 - Financial Information

Item 2.02.

Results of Operations and Financial Condition.

On April 18, 2018, PTC Inc. announced its financial results for its second quarter ended March 31, 2018. PTC also posted a copy of its supplemental prepared remarks about the completed quarter on the Investor Relations section of its website at www.ptc.com. Copies of the press release and the prepared remarks are furnished herewith as Exhibits 99.1 and 99.2, respectively.

Section 7 – Regulation FD

Item 7.01

Regulation FD Disclosure

On April 18, 2018, PTC Inc. announced that it intends to repurchase $100 Million of its common stock under an accelerated repurchase agreement it expects to enter into on April 20, 2018 as part of its previously announced stock repurchase program. PTC expects the repurchase to be completed in the third quarter of its fiscal 2018 ending June 30, 2018. PTC may be unable to enter into the repurchase agreement when or as planned if intervening events occur.

Section 9 - Financial Statements and Exhibits

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits .

99.1

PTC Inc. press release dated April 18, 2018.

99.2

Prepared remarks posted by PTC Inc. on April 18, 2018.

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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.

| /s/
Andrew Miller |
| --- |
| Andrew
Miller |
| Executive
Vice President and Chief Financial Officer |

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