<SEC-DOCUMENT>0000897101-17-000135.txt : 20170131
<SEC-HEADER>0000897101-17-000135.hdr.sgml : 20170131
<ACCEPTANCE-DATETIME>20170131105939
ACCESSION NUMBER:		0000897101-17-000135
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170124
ITEM INFORMATION:		Cost Associated with Exit or Disposal Activities
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170131
DATE AS OF CHANGE:		20170131

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMMUNICATIONS SYSTEMS INC
		CENTRAL INDEX KEY:			0000022701
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE & TELEGRAPH APPARATUS [3661]
		IRS NUMBER:				410957999
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31588
		FILM NUMBER:		17559851

	BUSINESS ADDRESS:	
		STREET 1:		10900 RED CIRCLE DRIVE
		CITY:			MINNETONKA
		STATE:			MN
		ZIP:			55343
		BUSINESS PHONE:		9529961674

	MAIL ADDRESS:	
		STREET 1:		10900 RED CIRCLE DRIVE
		CITY:			MINNETONKA
		STATE:			MN
		ZIP:			55343
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>csi170251_8k.htm
<DESCRIPTION>FORM 8-K DATED JANUARY 24, 2017
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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center">United
States<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT STYLE="font-size: 10pt">Washington, D.C. 20549</FONT></P>

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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 20pt">FORM
8-K</FONT></P>

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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center"><FONT STYLE="font-size: 12pt; line-height: normal">CURRENT
REPORT</FONT><BR>
<FONT STYLE="font-size: 12pt; line-height: normal">PURSUANT TO SECTION 13 OR 15(d) OF</FONT><BR>
<FONT STYLE="font-size: 12pt; line-height: normal">THE SECURITIES EXCHANGE ACT OF 1934</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (date of earliest event reported):
January 24, 2017</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: center; font: bold 12.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="text-align: center; font: bold 12.5pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 20pt">Communications
Systems, Inc.</FONT></P>

<P STYLE="text-align: center; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">(Exact name of Registrant as Specified in its Charter)</FONT></P>



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<P STYLE="text-align: center; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="text-align: center; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 12pt"><B>Minnesota</B></FONT></P>

<P STYLE="text-align: center; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">(State Or Other Jurisdiction Of Incorporation)</FONT></P>

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    <TD STYLE="font-weight: bold; text-align: center">001-31588</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">41-0957999</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; vertical-align: top">(Commission File Number)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: center">(I.R.S. Employer <BR>
Identification No.)</TD></TR>
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    <TD STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-align: center; padding-bottom: 1pt; padding-left: 5.4pt"><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: center; text-indent: -3in"><B>10900 Red Circle Drive</B></P> <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: center; text-indent: -3in">Minnetonka, MN</P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: top"><P STYLE="margin-top: 0; margin-bottom: 0"><B>55343</B></P>

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    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; width: 55%">(Address Of Principal Executive Offices)</TD><TD STYLE="font-size: 10pt; width: 16%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; width: 10%">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center; vertical-align: top; width: 18%"></TD><TD STYLE="font-size: 10pt; text-align: left; width: 1%">&nbsp;</TD></TR>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: center; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp; <FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B>(952) 996-1674</B></FONT></P>

<P STYLE="text-align: center; font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">Registrant&rsquo;s Telephone Number, Including Area Code</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp; &nbsp; &nbsp; &nbsp;</P>



<P STYLE="font: 12pt/13pt Times New Roman, Times, Serif; margin: 0">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 (<I>see </I>General Instruction
A.2. below):</P>

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    <TD STYLE="width: 7%; text-align: justify"><FONT STYLE="font-family: MS Mincho,serif">&#9744;</FONT></TD>
    <TD STYLE="width: 86%; text-align: justify">Written communications pursuant to Rule 425 under the Securities Act</TD></TR>
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    <TD STYLE="text-align: justify">&nbsp;</TD>
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    <TD STYLE="text-align: justify"><FONT STYLE="font-family: MS Mincho,serif">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify">Soliciting material pursuant to Rule 14a-12 under the Exchange Act</TD></TR>
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    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
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    <TD STYLE="text-align: justify"><FONT STYLE="font-family: MS Mincho,serif">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act</TD></TR>
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    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
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    <TD STYLE="text-align: justify"><FONT STYLE="font-family: MS Mincho,serif">&#9744;</FONT></TD>
    <TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act</TD></TR>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"></P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">Item 2.05&nbsp;Costs Associated with Exit or Disposal Activities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">On January 24, 2017, Communications Systems,
Inc. (the &ldquo;Company&rdquo;) issued a press release announcing its intention to close its Alajuela, Costa Rica production facility
and consolidate production into its Minnesota facilities. The Costa Rica facility employs approximately 113 employees; its operations
include fiber termination and injection molding production for the Suttle operating segment. The closure is intended to increase
the efficiency of Suttle&rsquo;s operations by consolidating them on one facility, improving the lead time and availability of
its products.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">These actions are in response to revenue
declines in the Company&rsquo;s Suttle business segment, which has experienced two years of operating losses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">Company management made the decision
to close the Costa Rican facility in January 2017 and commenced wind-down activities at the Costa Rica facility the week of January
23, 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">The Company expects all production will
be transferred within the next six months. Suttle will continue to serve customers without interruption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">The Company estimates the cost to close
the Costa Rica facility will be approximately $1.6 million, and that all expense will be incurred by the end of the 2017 third
quarter.</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt">Item 9.01&nbsp;Financial Statement and Exhibits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">(d) Exhibits</P>

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    <TD STYLE="padding-left: 10pt; text-indent: -10pt; width: 5%"><B><U>No.</U></B></TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><B><U>Description</U></B></TD></TR>
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    <TD STYLE="padding-left: 10pt; text-indent: -10pt; width: 5%">99.1</TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt">Communications Systems, Inc. press release dated January 24, 2017.</TD></TR>
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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center">SIGNATURE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">COMMUNICATIONS SYSTEMS, INC.</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Mark Fandrich</FONT></TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">Chief Financial Officer</FONT></TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 55%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 78px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Date: January 30, 2017</P>



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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>csi170251_ex99-1.htm
<DESCRIPTION>PRESS RELEASE DATED JANUARY 24, 2017
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<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Exhibit 99.1</B></FONT></P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-size: 12pt"><B>&nbsp;</B></FONT></P>

<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><img src="a170251a001_v1.jpg" alt="(CSI LOGO)"></div>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 11.5pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B></B></P>

<P STYLE="font: 11.5pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B><U>FOR IMMEDIATE RELEASE</U></B></P>

<P STYLE="font: 11.5pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11.5pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B><U>COMMUNICATIONS SYSTEMS, INC.
WILL CLOSE ITS COSTA RICA FACILITY</U></B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>Minnetonka, MN &ndash; January 24,
2017 &ndash; Communications Systems, Inc. (NASDAQ: JCS) (&ldquo;CSI&rdquo; or the &ldquo;Company&rdquo;)</B>, a global provider
of connectivity infrastructure and services for deployments of broadband networks, today announced it is closing its Alajuela,
Costa Rica production facility and consolidating production into its Minnesota facilities. The Costa Rica facility employs approximately
113 employees and operations include fiber termination and injection molding production for the Suttle operating segment. The closure
is intended to increase the efficiency of Suttle&rsquo;s operations and improve the lead time and availability of its products.</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">These actions additionally are in response
to declines in revenue in CSI&rsquo;s Suttle business segment, which has experienced two years of operating losses. Wind down activities
will commence this week and it is expected all production will be transferred within the next six months. Suttle will continue
to serve customers without interruption.</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">Roger Lacey, CSI&rsquo;s Chief Executive
Officer, commented, &ldquo;Suttle has had a presence in Costa Rica for over 28 years and the decision to close the Alajuela facility
was not easy. Because we remain optimistic about Suttle&rsquo;s market opportunity we did consider alternatives to closing the
facility. But we are facing the reality that customers, primarily in the United States, demand quick turn around on orders, prefer
American-made products and demand value for money spent, thus we are unable to maintain our two production facilities.&rdquo;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">Mark Fandrich, Chief Financial Officer,
commented, &ldquo;We expect the closing to create operational efficiencies and reduce costs. Total cost to close the Costa Rica
facility is expected to be approximately $1.6 million and we expect the charges to be incurred by the end of third quarter of this
year. Payback is expected to be less than one year after concluding the close.&rdquo;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><U>About Communications Systems </U></B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">Communications Systems, Inc. provides
connectivity infrastructure and services for global deployments of broadband networks. Focusing on innovative, cost-effective solutions,
CSI provides customers the ability to deliver, manage, and optimize their broadband network services and architecture. From the
integration of fiber optics in any application and environment to efficient home voice and data deployments to optimization of
data and application access, CSI provides tools for maximum utilization of the network from the edge to the user. With partners
and customers in over 50 countries, CSI has built a reputation as a reliable global innovator focusing on quality and customer
service.</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

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<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B></B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0"><B><U>Forward-Looking Statements</U></B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">This press release includes certain forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial
performance, future growth and future acquisitions. These statements are based on Communications Systems&rsquo; current expectations
or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed
or implied by the statements herein due to changes in economic, business, competitive or regulatory factors, and other risks and
uncertainties affecting the operation of Communications Systems&rsquo; business. These risks, uncertainties and contingencies are
presented in the Company&rsquo;s Annual Report on Form 10-K and, from time to time, in the Company&rsquo;s other filings with the
Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Further, investors
should keep in mind that the Company&rsquo;s financial results in any particular period may not be indicative of future results.
Communications Systems is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking
statements, whether as a result of new information, future events, changes in assumptions or otherwise.</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>Contacts:</B></P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>Communications Systems, Inc. </B></P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">Mark Fandrich</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">CFO</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">952-582-6416</P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">mark.fandrich@commsysinc.com</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">Roger H. D. Lacey</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">Chief Executive Officer</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 4.5in">952-996-1674</TD><TD STYLE="text-align: justify"></TD></TR></TABLE>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="margin: 0"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
