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)
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Indiana
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1-4639
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35-0225010
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(State
or Other Jurisdiction of Incorporation)
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(Commission
File Numbers)
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(I.R.S.
Employer Identification Nos.)
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905
West Boulevard North
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Elkhart,
Indiana
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46514
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(Address
of Principal Executive Offices)
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(Zip
Code)
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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))
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Item
5.02.
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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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.
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.
By: /s/ Richard G. Cutter
III
Name: Richard
G. Cutter III
Title:
Vice President, General Counsel and Secretary
Date: September
29, 2008