EFFECTIVE MAY 1, 2018
 
 
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) May 1, 2018
 
Key Tronic Corporation
(Exact name of registrant as specified in its charter)
 
 
 
 
 
 
Washington
 
0-11559
 
91-0849125
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
 
4424 North Sullivan Road, Spokane Valley, Washington
 
99216
(Address of principal executive offices)
 
(Zip Code)
Registrant's telephone number, including area code (509) 928-8000
(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 provision (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))







1


ITEM 8.01 OTHER EVENTS
On May 1, 2018 , Key Tronic Corporation issued a press release announcing its awarded contract with SkyBell Technologies, a global leader in patented Wi-Fi video doorbell technology. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information in this Form 8-K including the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section and shall not be deemed incorporated by reference into any filing of Key Tronic Corporation under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as set forth by specific reference in such a filing.
ITEM 8.01 OTHER EVENTS
(d)
Exhibits
 
 
 
Exhibit Number
  
Description
99.1
  
SAFE HARBOR STATEMENT. Statements contained in the Exhibit to this report that state Key Tronic Corporation's or its management's expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. Key Tronic Corporation's actual results could differ materially from those projected in such forward-looking statements. Factors that could affect those results include those mentioned in the documents that Key Tronic Corporation has filed with the Securities and Exchange Commission.

2


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.
 
 
 
 
 
 
 
 
 
 
 
 
KEY TRONIC CORPORATION
(Registrant)
Date: May 1, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
By:
 
/s/ Brett R. Larsen
 
 
 
 
 
 
Brett R. Larsen, Executive Vice President
of Administration, CFO and Treasurer

3


Exhibit 99.1
FOR IMMEDIATE RELEASE
 
 
 
 
 
 
CONTACTS:
 
Brett Larsen
 
Michael Newman
 
 
Chief Financial Officer
 
Investor Relations
 
 
Key Tronic Corporation
 
StreetConnect
 
 
(509) 927-5500
 
(206) 729-3625

KEY TRONIC CORPORATION AWARDED CONTRACT
WITH SKYBELL TECHNOLOGIES
Program expected to have a significant impact on revenue and profit
Spokane Valley, WA— May 1, 2018 — Key Tronic Corporation (Nasdaq: KTCC), a world class provider of electronic manufacturing services (EMS), today announced that it has begun manufacturing for SkyBell Technologies, Inc., a global leader in patented Wi-Fi video doorbell technology.
SkyBell has awarded Key Tronic the manufacturing of its expanding line of Wi-Fi video doorbell products and accessories. Once fully ramped over the next few quarters, Skybell could represent 10% or more of Key Tronic’s total revenue.
“We started SkyBell with a vision of making safer homes and neighborhoods - and adding production capability at Key Tronic will help us reach even more homes,” said Joe Scalisi, CEO of SkyBell. “Partnering with Key Tronic will definitely enhance our strategic moves to increase product availability to fulfill demand in additional channels that have been waiting to sell our branded products. We are looking forward to leveraging the expertise of Key Tronic to help accelerate introduction of our products.”
“We are very pleased to be working with SkyBell, a leader in Wi-Fi video doorbell technology,” said Craig Gates, President and CEO of Key Tronic. “This important new strategic relationship represents an expansion of our customer base and is expected to contribute to our profitable long term growth.”
About Key Tronic
Key Tronic is a leading contract manufacturer offering value-added design and manufacturing services from its facilities in the United States, Mexico and China. Key Tronic provides its customers full engineering services, materials management, worldwide manufacturing facilities, assembly services, in-house testing, and worldwide distribution. Its customers include some of the world’s leading original equipment manufacturers. For more information about Key Tronic visit: www.keytronic.com.
About SkyBell Technologies
SkyBell is a technology leader with 74 patents awarded and 50 additional pending in the smart-home environment. SkyBell is best known for its product line of Wi-Fi connected video products such as doorbells that enable users to see and hear what’s happening while using their mobile devices. SkyBell currently sells their products in North America and Europe through electronics distributors and through key partnerships in the security services marketplace. For more information about SkyBell visit: www.SkyBell.com.
Safe Harbor Statement
Some of the statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Key Tronic’s and Skybell’s growth opportunities and its partnership, including potential success and related revenues. Forward-looking statements include all passages containing verbs such as aims, anticipates, believes, estimates, expects, hopes, intends, plans, predicts, projects or targets or nouns corresponding to such verbs.  Forward-looking statements also include other passages that are primarily relevant to expected future events or revenue or that can only be fully evaluated by events that will occur in the future.  There are many factors, risks and uncertainties that could cause actual results to differ materially from those predicted or projected in forward-looking statements, such as the success and timing of ramping, availability and timing and receipt of critical parts or components, demand from Skybell’s ultimate customers and sales channels, as well as other risks and uncertainties detailed from time to time in the Key Tronic’s SEC filings, including its most recent annual report and subsequent quarterly reports.


1