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CTS CORP FILES (8-K) Disclosing Change in Directors or Principal Officers
[October 21, 2014]

CTS CORP FILES (8-K) Disclosing Change in Directors or Principal Officers


(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Electionof Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 24, 2014, CTS Corporation (the "Registrant") and Lawrence Lyng, Vice President of Europe and Asia Sales and Business Development, entered into a Separation Agreement. The Separation Agreement provided for a transition period beginning September 5, 2014, during which Mr. Lyng ceased performing all active employment duties for the Registrant. The Registrant and Mr. Lyng further agreed that he would continue to be paid his salary during the transition period, which ended October 17, 2014 (the "Separation Date"). Mr. Lyng was also entitled to receive all outstanding restricted stock units granted to him under the CTS Corporation 2009 Omnibus Restricted Stock Plan that vested after September 5, 2014 and prior to the Separation Date. After the Separation Date, Mr. Lyng will be paid twelve weeks of his full salary as severance pay, in accordance with the Registrant's normal payroll practices.



Under the terms of the Separation Agreement, Mr. Lyng is subject to confidentiality and cooperation provisions customary for agreements of this type. Mr. Lyng also agreed to a general release of claims against the Registrant.

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