What is the main purpose of this 8-K filing?

The primary purpose of this 8-K filing is to officially report the completion of Cummins Inc.'s two-for-one stock split and to provide adjusted historical financial data (shares outstanding and EPS) that reflects this split for consistent investor analysis.

How does the stock split affect my shares?

For every share of Cummins Inc. common stock you owned as of the record date (March 26, 2007), you received an additional share, effectively doubling your share count. The par value per share remains the same, but the market price per share is expected to adjust proportionally downward.

Will the stock split impact Cummins' overall market capitalization or my total investment value?

In theory, a stock split itself does not change the company's total market capitalization or the overall value of an investor's holdings. It simply divides the existing equity into a larger number of shares, with each share having a lower price. The total value of your investment remains the same immediately after the split.

Why is Cummins providing historical adjusted EPS and shares outstanding?

Providing historical adjusted data is crucial for investors. It allows for meaningful comparisons of performance metrics like earnings per share (EPS) and share count across different periods. Without this adjustment, comparing EPS before and after the split would be misleading due to the doubled number of shares.

CMI 8-K SEC Disclosure — Apr 10, 2007

Summary

Cummins Inc. (CMI) filed an 8-K on April 10, 2007, to report the completion of its previously announced two-for-one stock split. This split was effective as of April 9, 2007, with shareholders of record as of March 26, 2007, receiving one additional share for each share owned. The filing also provides adjusted historical data for weighted-average common shares outstanding and earnings per share (EPS) for fiscal years 2002 through 2006, and for quarterly periods within 2006 and 2005, to reflect the impact of this stock split. For investors, this 8-K primarily serves as an informational update regarding the mechanical adjustment of share counts and EPS figures. It does not introduce new financial performance results or material business changes. The provided historical data will allow for more consistent year-over-year comparisons of per-share metrics following the split, ensuring that investors can accurately analyze the company's performance trends without the distortion of the increased share count.

Key Highlights

1Cummins Inc. successfully completed a two-for-one stock split of its Common Stock on April 9, 2007.
2Shareholders of record as of March 26, 2007, received one additional share for each share held.
3The filing provides adjusted historical data for weighted-average shares outstanding and earnings per share (EPS).
4This adjustment ensures accurate historical comparisons of per-share metrics post-split.
5The 8-K includes retrospective EPS and share data for fiscal years 2002-2006.
6Quarterly EPS and share data for 2005 and 2006 are also restated to reflect the split.
7No new financial results or business operational changes were reported in this filing.

CUMMINS INC 8-K Report, Corporate Update (Apr 10, 2007)

Summary

Key Highlights

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