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): December 11, 2013
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or other Jurisdiction
of Incorporation)
1-13782 | 25-1615902 | |
(Commission File No.) |
(I.R.S. Employer Identification No.) | |
1001 Air Brake Avenue Wilmerding, Pennsylvania |
15148 | |
(Address of Principal Executive Offices) | (Zip Code) |
(412) 825-1000
(Registrants Telephone Number, Including Area Code)
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. 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)) |
Item 8.01. Other Events.
On December 11, 2013, Westinghouse Air Brake Technologies Corporation (the Company) announced that it had increased the Companys existing share buyback authorization to $200 million. This new buyback authorization supersedes the previous authorization of $150 million, which had about $45 million remaining. The Company intends to continue to buy back shares from time to time on the open market or in negotiated or block trades. As with previous authorizations, no time limit was set for the completion of the program, which is permitted under the Companys credit agreement and bond indenture.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 16, 2013
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION | ||
By: | /s/ Alvaro Garcia-Tunon | |
Alvaro Garcia-Tunon | ||
Chief Financial Officer |