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) February 18, 2016

 

TeleTech Holdings, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Registrant’s telephone number, including area code: 303-397-8100

 

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):

 

o            Written Communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            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 February 18, 2016, TeleTech’s Board of Directors declared a cash dividend equal to $.185 per share, payable on April 15, 2016 to shareholders of record as of March 31, 2016.

 

On February 18, 2016,  TeleTech’s Board of Directors also approved an incremental authorization of $25.0 million in the funding available under TeleTech’s on-going  share repurchase program.  Repurchases under the program will continue to be made through the combination of a 10b5-1 automatic trading plan, open market purchases, and private transactions, in accordance with applicable federal securities laws, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended.  The timing of any repurchases and the exact number of shares of common stock to be purchased will be determined by TeleTech’s management, in its discretion, and will depend upon market conditions, stock price, company liquidity and other factors.  Notwithstanding the foregoing, repurchases from related parties, if any, will be performed pursuant to the approval of the Board of Directors, and no such repurchases are planned at this time.

 

A copy of the press release announcing the cash dividend and the additional stock repurchase funding authorization is attached as Exhibit 99.1 to this current report on Form 8-K.

 

The information in this Form 8-K, including the exhibits attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.

 

Item 9.01   Financial Statements and Exhibits

 

(d)  Exhibits

 

99.1

Press release of TeleTech Holdings, Inc., dated February 22, 2016, announcing the cash dividend and additional stock repurchase funding authorization.

 

SIGNATURE

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	TeleTech Holdings, Inc.
	(Registrant)
Date: February 22, 2016	By:	/s/ Margaret B. McLean
		Margaret B. McLean, Senior Vice President, General Counsel & Corporate Secretary

 

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