Item 8.01 Other Events.

On May 13, 2021, the Board of Directors (the "Board") of CTS Corporation (the "Company") approved a new share repurchase program that authorizes the Company to repurchase up to $50 million of its common stock. The repurchase program has no set expiration date and supersedes and replaces the repurchase program approved by the Board in February 2019. Repurchases may be made from time to time in the open market, by round lot or block purchases, in privately negotiated transactions, or pursuant to any trading plan that may be adopted in accordance with Rule 10b-18 and Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and applicable federal securities laws. The timing of the repurchases and the actual amount repurchased will depend on a variety of factors, including the market price of the Company's shares, general market and economic conditions, and other factors. The stock repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be terminated, modified or suspended at any time at the Company's discretion.

In the same meeting, the Board approved a cash dividend of $0.04 per share, to be paid on July 23, 2021 to shareholders of record as of the close of business on June 18, 2021. A press release announcing these two actions by the Board is included as an exhibit to this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.



(d) Exhibits



Exhibit    Description
  99.1       Press Release dated May 13, 2021
  104      Cover Page Interactive Data File (embedded within the Inline XBRL Document)

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