EFFECTIVE DECEMBER 27, 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) December 27, 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))
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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ITEM 8.01 OTHER EVENTS
On December 27, 2018, Key Tronic Corporation issued a press release announcing that it has signed a letter of intent to lease a new 86,000 square-foot facility in Da Nang, Vietnam. 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
  


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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.
 
 
 
 
 
 
 
 
 
 
 
 
KEY TRONIC CORPORATION
(Registrant)
Date: December 27, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
By:
 
/s/ Brett R. Larsen
 
 
 
 
 
 
Brett R. Larsen, Executive Vice President
of Administration, CFO and Treasurer

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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 ANNOUNCES PLANS TO
ESTABLISH A NEW MANUFACTURING FACILITY IN VIETNAM
Increasing and diversifying global footprint and reducing costs

Spokane Valley, WA— December 27, 2018 — Key Tronic Corporation (Nasdaq: KTCC), a world class provider of electronic manufacturing services (EMS), today announced it has signed a letter of intent to lease a new 86,000 square-foot facility in Da Nang, Vietnam.
“We expect that commencing operations in Vietnam will significantly augment our Asian footprint and reduce production costs,” said Craig Gates, President and CEO of Key Tronic. “By further diversifying our global manufacturing, we also believe it provides an additional hedge against uncertainty in a lingering or future trade war with China.”
The facility is strategically located in an established industrial park inside a government sponsored export zone, within 5 miles of an international port. The new manufacturing facility is expected to be operational by July 2019.
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.
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. Forward-looking statements include all passages containing verbs such as aims, anticipates, believes, estimates, expects, hopes, intends, plans, predicts, projects, targets, or will, similar verbs, or nouns corresponding to such verbs. Forward-looking statements also include other passages that are primarily relevant to expected future events 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 bringing a new manufacturing facility into full production, availability and timing and receipt of critical parts or components, demand from customers and sales channels, as well as other risks and uncertainties detailed in Key Tronic’s SEC filings, including its most recent annual report and subsequent quarterly and current reports.


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