Mayfield Heights-based Materion Corporation, recently filed a statement with the U.S. Securities and Exchange Commission that could allow the Mayfield Heights-based company to sell equity or other types of securities.
Technically speaking the company filed a universal shelf registration statement on Form S-3, according to a press release on Business Wire. The filing takes the place of a similar registration filed in 2009, which recently expired.
Once the SEC signs off, the statement will provide Materion with the flexibility to offer and sell from time to time, in one or more public offerings, up to $150 million of equity, debt, or other types of securities, as described in the registration statement.
Proceeds of the sales may be used for general corporate purposes, including acquisitions, capital expenses and repayment or refinancing of debt.
A registration statement relating to these securities has been filed with the SEC, but has not yet become effective.
A copy of the prospectus included in the registration statement may be obtained on the SEC’s web site at www.sec.gov. Also, when available, copies of the prospectus, and a prospectus supplement relating to a particular offering, may be obtained by contacting Materion Corporation, Attention: Treasurer, 6070 Parkland Boulevard, Mayfield Heights, OH 44124.
Materion Corporation supplies highly engineered advanced enabling materials to global markets. Products include precious and non-precious specialty metals, inorganic chemicals and powders, specialty coatings, specialty engineered beryllium alloys, beryllium and beryllium composites, and engineered clad and plated metal systems.