8-K/AOther Events

CURTISS WRIGHT CORP 8-K/A Report (Dec 12, 2002)

Filed December 12, 2002For Securities:CW

Summary

This 8-K/A filing from Curtiss-Wright Corporation (CW) clarifies a previous filing made on November 12, 2002. The amendment serves to inform investors that specific financial information related to the acquisition of the Electro-Mechanical Division (EMD) from Westinghouse Government Services Company LLC is not required. Curtiss-Wright determined that the acquired assets and operating income of EMD did not meet the necessary reporting thresholds as stipulated by Item 7 of Form 8-K. This update implies that the acquisition, while occurring, is not considered material enough by SEC standards to warrant the detailed financial disclosures typically associated with significant acquisitions. Investors should note that while the company is providing this clarification, the lack of required filings suggests the financial impact of this particular acquisition is relatively minor in the context of Curtiss-Wright's overall business.

Key Highlights

  • 1Curtiss-Wright filed an amended report (8-K/A) on December 12, 2002.
  • 2The amendment clarifies a previous Form 8-K filing from November 12, 2002, regarding an acquisition.
  • 3The acquisition involved substantially all assets of the Electro-Mechanical Division (EMD) of Westinghouse Government Services Company LLC.
  • 4Curtiss-Wright determined that detailed financial information for this acquisition is not required under Item 7 of Form 8-K.
  • 5The reason for not requiring further financial disclosure is that the acquired assets and operating income of EMD did not meet SEC reporting thresholds.
  • 6The filing includes standard forward-looking statement disclaimers, outlining potential risks and uncertainties affecting future results.

Frequently Asked Questions

The main purpose of this amended 8-K filing is to inform investors that Curtiss-Wright is *not* required to provide specific financial details about its acquisition of the Electro-Mechanical Division (EMD) of Westinghouse Government Services Company LLC, as previously suggested in an earlier 8-K filing. This is because the acquisition did not meet the SEC's reporting thresholds.

The filing indicates that the acquisition's financial impact, in terms of assets and operating income, did not reach the materiality levels required for detailed SEC financial disclosures under Item 7. While not insignificant enough for a full disclosure, it suggests it's not a transformative or large-scale acquisition relative to Curtiss-Wright's overall business.

Forward-looking statements are statements about future events, expectations, or performance that are not based on historical facts. They are included in SEC filings to provide investors with management's outlook and potential plans, but they also come with disclaimers that actual results could differ materially due to various risks and uncertainties, such as economic conditions or changes in customer requirements.

The filing lists several potential risks that could impact future results, including reduced orders, economic downturns, changes in the competitive marketplace or customer requirements, fluctuations in the need for and cost of machinery and equipment, changes in government funding, inability to perform contracts at anticipated costs, political conditions, labor relations, and other factors typical for aerospace, marine, and industrial companies.