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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