8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 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): November 14, 2018

 

 

TERADYNE, INC.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Massachusetts   001-06462   04-2272148

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

600 Riverpark Drive,

North Reading, MA

  01864
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code (978) 370-2700

(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. 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.  ☐

 

 

 


Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On November 14, 2018, Teradyne, Inc. (the “Company”), acting pursuant to authorization from its Board of Directors, determined to voluntarily withdraw the principal listing of the Company’s common stock, par value $0.125 per share (the “Common Stock”), from the New York Stock Exchange (“NYSE”) and transfer the listing to The Nasdaq Global Select Market (“Nasdaq”). The Company expects that listing and trading of its common stock on the NYSE will end at market close on November 26, 2018, and that trading will begin on Nasdaq at market open on November 27, 2018.

The Common Stock has been approved for listing on Nasdaq, where it will continue to trade under the stock symbol “TER”.

Item 7.01. Regulation FD Disclosure.

The Company issued a press release in connection with the transfer of the principal listing of the Common Stock to Nasdaq. The press release has been furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit

  

Description

99.1    Press Release issued by Teradyne, Inc. on November 14, 2018.


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 thereunto duly authorized.

 

    TERADYNE, INC.
Dated: November 14, 2018     By:   /s/ Gregory R. Beecher
    Name:   Gregory R. Beecher
    Title:   V.P., Chief Financial Officer and Treasurer
EX-99.1

Exhibit 99.1

 

LOGO

Teradyne to Transfer Stock Exchange Listing to Nasdaq

Ticker symbol to remain “TER”

NORTH READING, Mass., Nov. 14, 2018 – Teradyne, Inc. (NYSE:TER), a leading supplier of automated test and industrial automation solutions, announced today that it will transfer its stock exchange listing from the New York Stock Exchange to The Nasdaq Global Select Market (Nasdaq). The company’s common stock will commence trading on Nasdaq on November 27, 2018 and will continue to be listed under the “TER” ticker symbol.

“Listing on Nasdaq positions Teradyne alongside the world’s most innovative companies and technology leaders while reducing our listing and related costs,” said Greg Beecher, Teradyne’s Chief Financial Officer. “We are confident this will be a seamless transition for our company and our shareholders.”

“Teradyne has driven innovation in the automated test of electronics for over 55 years and has extended that leadership to collaborative robots through its Universal Robots and MiR products, bringing low cost and easy to train automation to global industrial customers of all sizes,” said Nelson Griggs, President of Nasdaq Stock Exchange. “We are looking forward to a long-term partnership with Teradyne and supporting the company in its mission to create technology that enhances consumer, communications, industrial and government sectors.”

About Teradyne

Teradyne (NYSE:TER) is a leading supplier of automation equipment for test and industrial applications. Teradyne Automatic Test Equipment (ATE) is used to test semiconductors, wireless products, data storage and complex electronic systems, which serve consumer, communications, industrial and government customers. Our Industrial Automation products include collaborative robots, autonomous mobile robots and sensing and simulation software, used by global manufacturing and industrial customers to improve quality and increase manufacturing efficiency. In 2017, Teradyne had revenue of $2.14 billion and currently employs approximately 4,800 people worldwide. For more information, visit teradyne.com. Teradyne® is a registered trademark of Teradyne, Inc. in the U.S. and other countries.

 

LOGO

Source: Teradyne, Inc.