form8k.htm


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 25, 2008
 
 

CTS CORPORATION
(Exact Name of Registrant as Specified in Charter)


Indiana
1-4639
35-0225010
(State or Other Jurisdiction of Incorporation)
(Commission File Numbers)
(I.R.S. Employer Identification Nos.)
     
905 West Boulevard North
   
Elkhart, Indiana
 
46514
(Address of Principal Executive Offices)
 
(Zip Code)

Registrant’s telephone number, including area code:     (574) 523-3800
 
        Not Applicable 

 (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.):

¨  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))
 

 
 

 
 

Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On September 25, 2008, H. Tyler Buchanan, the Senior Vice President of CTS Corporation (the “Company”), informed the Company that he would be retiring from the Company effective December 31, 2008.  In connection with his separation from the Company, Mr. Buchanan and the Company entered into an agreement pursuant to which Mr. Buchanan will be entitled to receive a lump sum payment in 2009 equal to eighteen months of his current base salary.  Mr. Buchanan will be entitled to receive his current base salary and bonus through December 31, 2008.  In consideration of the benefits provided under the agreement, Mr. Buchanan has agreed to refrain from competing with the Company for a period of eighteen months following his separation.

 
 

 

 
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.


 
CTS CORPORATION

 
By:           /s/ Richard G. Cutter III                                                                
Name:              Richard G. Cutter III
Title:                Vice President, General Counsel and Secretary

Date:  September 29, 2008