8-KOther Events

AGILENT TECHNOLOGIES, INC. 8-K Report (Jun 5, 2000)

Filed June 5, 2000For Securities:A

Summary

This Form 8-K filing from Agilent Technologies, Inc. on June 5, 2000, announces the completion of its spin-off from Hewlett-Packard Company (HP). The distribution occurred on June 2, 2000, with HP shareholders receiving 0.3814 shares of Agilent common stock for each share of HP common stock held as of the record date of May 2, 2000. This event marks the formal separation of Agilent as an independent, publicly traded entity. Investors who held HP stock on the record date will now have ownership in Agilent, which will operate as a distinct company focused on its specific markets, separate from HP's operations. This separation is a significant event for both companies and their respective shareholders.

Key Highlights

  • 1Agilent Technologies, Inc. has officially completed its spin-off from Hewlett-Packard Company (HP).
  • 2The distribution date of Agilent shares to HP shareholders was June 2, 2000.
  • 3HP shareholders of record on May 2, 2000, received 0.3814 shares of Agilent common stock for every share of HP common stock owned.
  • 4This filing confirms the completion of the previously announced distribution plan.
  • 5Agilent Technologies now operates as an independent, publicly traded company.
  • 6This event signifies a strategic separation, allowing Agilent to pursue its own business objectives.

Frequently Asked Questions

This filing signifies the successful completion of Agilent's spin-off from Hewlett-Packard Company. It marks Agilent's official debut as an independent, publicly traded entity, separate from HP's operations.

Shareholders of Hewlett-Packard Company (HP) who owned HP common stock on the record date of May 2, 2000, received the Agilent shares.

HP shareholders received 0.3814 shares of Agilent common stock for each share of HP common stock they held on the record date.

For investors who held HP stock on the record date, this means they now own shares in two separate companies: Hewlett-Packard and Agilent Technologies. Agilent will now operate and report its financial performance independently, allowing investors to evaluate its specific business prospects.