Tyco International Files 8K - Other Events
March 11 2016 - 8:39AM
Dow Jones News
Tyco International PLC (TYC) filed a Form 8K - Other Events -
with the U.S Securities and Exchange Commission on March 11,
2016.
Effective for the first quarter of fiscal 2016, the Company
elected to present operating income by segment, as well as
Corporate and Other, excluding restructuring and repositioning
charges, net. Restructuring and repositioning charges, net, are
shown in aggregate. This presentation is consistent with how
management reviews the businesses, makes investing and resource
decisions and assesses operating performance.
The rules of the Securities and Exchange Commission require that
when a registrant prepares, on or after the date a registrant
reports a change such as the one noted above, a new registration,
proxy or information statement (or amends a previously filed
registration, proxy, or information statement) that includes or
incorporates by reference financial statements, the registrant must
recast the prior period financial statements included or
incorporated by reference in the registration, proxy or information
statement to reflect these types of changes. Accordingly, the
Company is filing this Form 8-K to recast its consolidated
financial statements for each of the three years in the period
ended September 25, 2015 to reflect the changes in the presentation
of operating income by segment as described above. The recast
information of Items contained in the Company's Form 10-K for
fiscal 2015 is presented in Exhibit 99.1 to this Form 8-K.
The information included in this Form 8-K is presented for
informational purposes only in connection with the reporting
changes described above and does not amend or restate the Company's
audited consolidated financial statements, which were included in
its Form 10-K for fiscal 2015, and does not affect the Company's
previously reported net income, earnings per share, cash flows,
operating income or assets or liabilities for any of the periods
included therein. This Form 8-K does not reflect events occurring
after the Company filed its Form 10-K for fiscal 2015 and does not
modify or update the disclosures therein in any way, other than to
illustrate the changes to the presentation of operating income by
segment as described above. For developments subsequent to the
filing of the Form 10-K for fiscal 2015, refer to our Quarterly
Report on Form 10-Q for the quarter ended December 25, 2015.
The full text of this SEC filing can be retrieved at:
http://www.sec.gov/Archives/edgar/data/833444/000083344416000133/a8-kshell.htm
Any exhibits and associated documents for this SEC filing can be
retrieved at:
http://www.sec.gov/Archives/edgar/data/833444/000083344416000133/0000833444-16-000133-index.htm
Public companies must file a Form 8-K, or current report, with
the SEC generally within four days of any event that could
materially affect a company's financial position or the value of
its shares.
(END) Dow Jones Newswires
March 11, 2016 08:24 ET (13:24 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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