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MTRN > SEC Filings for MTRN > Form 8-K on 14-Jan-2014All Recent SEC Filings

Show all filings for MATERION CORP



Results of Operations and Financial Condition, Other Events, Financial Statements a

Item 2.02 Results of Operations and Financial Condition.

On January 14, 2014, Materion Corporation (the "Company") issued a press release that provides an update to expected full-year 2013 results and preliminary guidance for the full-year 2014. The Company has provided earnings per share adjusted to exclude costs related to the previously announced facility and product line rationalizations because it believes excluding these costs from its operating results provides an indication of the Company's baseline performance, which facilitates the evaluation of and comparison of the Company's results.
Additionally, the Company's management internally assesses the Company's operating results on this basis. The press release is attached hereto as Exhibit 99.1.

Item 8.01 Other Events.

On January 13, 2014, the Board of Directors of the Company (the "Board") approved the repurchase of up to $50 million of the Company's common stock. This authorization replaces the Company's existing stock repurchase authorization of 1,000,000 shares, of which approximately 600,000 shares were repurchased. The number, price, structure and timing of the repurchases, if any, will be at the Company's sole discretion, and future repurchases will be evaluated by the Company depending on market conditions, liquidity needs and other factors. The Board may suspend, modify or terminate this repurchase program at any time without prior notice.

Item 9.01 Financial Statements and Exhibits.

Exhibit Number   Description of Exhibit
99.1             Materion Corporation press release, dated January 14, 2014

The press release issued January 14, 2014 is furnished herewith as Exhibit No. 99.1 to this report, and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934.

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