MENT Mentor Graphics Corp.

 

 

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): June 12, 2014

 

 

MENTOR GRAPHICS CORPORATION

(Exact name of registrant as specified in charter)

 

 

 

OREGON		0-134795		93-0786033
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)
8005 S.W. BOECKMAN ROAD WILSONVILLE, OR				97070-7777
(Address of principal executive offices)				(Zip Code)

Registrant’s telephone number, including area code: (503) 685-7000

NO CHANGE

(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:

 

¨	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 8.01

Other Events

On June 12, 2014, Mentor Graphics Corporation (the “Company”) issued a press release announcing its Board of Directors authorized a new three-year Common Stock repurchase program of up to $200 million. The press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

 

Item 9.01

Financial Statements and Exhibits.

 

(d)

Exhibits.

 

99.1		Press release issued by the Company on June 12, 2014.

 

2

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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.

 

				MENTOR GRAPHICS CORPORATION
				(Registrant)
Date: June 12, 2014				By:		/s/ Dean M. Freed
						Dean M. Freed
						Vice President and General Counsel

 

3

Exhibit 99.1

 

 

For Immediate Release For more information, please contact: Joe Reinhart Mentor Graphics 503.685.1462 joe_reinhart@mentor.com		News Release

Mentor Graphics Announces $200 Million Share Repurchase Authorization

WILSONVILLE, Ore., June 12, 2014 —Mentor Graphics Corporation (NASDAQ: MENT) today announced the company’s Board of Directors has authorized a new three-year share repurchase program of up to $200 million.

“This new repurchase program continues the company’s balanced approach to capital deployment,” said Walden C. Rhines, chairman and CEO of Mentor Graphics. “Mentor continues to do selective acquisitions, we initiated a quarterly cash dividend in March 2013 that we just recently increased, and we continue our program of share repurchases with this new authorization. Since March 2011, Mentor has repurchased approximately $220 million of stock in the open market and declared over $30 million of cash dividends to shareholders.”

About Mentor Graphics

Mentor Graphics Corporation is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world’s most successful electronic, semiconductor and systems companies. Established in 1981, the company reported revenues in the last fiscal year in excess of $1.15 billion. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web site: http://www.mentor.com/.

(Mentor Graphics is a registered trademark of Mentor Graphics Corporation. All other company or product names are the registered trademarks or trademarks of their respective owners.)

 

8005 S.W. Boeckman Road — Wilsonville, OR 97070-7777 — 503-685-7000 — www.mentor.com