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ECOLAB INC. 8-K Report (Jan 28, 2002)

Reports
Other Events
Filing Date
Filed January 28, 2002
Period End
January 28, 2002
Security
ECL
In the record · 2016–202610-K1110-Q328-K144

ECL filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 144 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Sep ’16Sep ’16
  2. Leadership change8-K · Apr ’19Apr ’19
  3. Deal closed8-K · Dec ’21Dec ’21
  4. Leadership change8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed January 28, 2002. Cited figures are marked; the original filing is the authoritative source.

Ecolab Inc. (ECL) filed an 8-K on January 28, 2002, to report a revision to its previously announced one-time gain from benefit plan changes.

Initially expected to be $20 milliona in 2002, the company now anticipates recognizing a one-time gain of approximately $6 million in 2002. The remaining estimated unrealized gain of $16 million is expected to be amortized over the next eight years. This filing provides an update on the financial impact of these benefit plan changes, which is important for investors to understand the timing and magnitude of the recognized gain.

The revised figures suggest a more conservative approach to the gain recognition or a recalibration of the underlying assumptions. Investors should note the change in accounting treatment for the unrealized gain, which will now be recognized over an extended period.

02—Key points

Key Highlights

  1. Ecolab revised its previously announced one-time gain from benefit plan changes.
  2. The company now expects to recognize a one-time gain of approximately $6 million in 2002, down from the previously stated $20 million.
  3. The remaining estimated $16 million of the net unrealized gain will be amortized over 8 years.
  4. The original announcement of the gain expectation was made on January 10, 2002.
  5. The filing includes a News Release dated January 28, 2002, as an exhibit.
  6. The News Release is stated to contain risk factors and uncertainties.

03—Questions

Frequently Asked Questions

  1. Why did Ecolab revise its expected one-time gain from benefit plan changes?

    The 8-K filing does not explicitly state the reason for the revision. However, it indicates a change in the estimated gain and the amortization schedule for the remaining unrealized gain, suggesting a recalibration of expectations or accounting assumptions.

  2. How does this revision impact Ecolab's reported earnings for 2002?

    The total one-time gain recognized in 2002 is now expected to be approximately $6 million, a decrease from the previously anticipated $20 million. The remaining $16 million will be recognized over the following eight years, meaning future earnings will be incrementally boosted by this amount.

  3. What is the significance of amortizing the remaining unrealized gain over 8 years?

    Amortizing the remaining gain over 8 years means that the impact on earnings will be spread out over a longer period rather than being recognized all at once. This generally leads to a smoother earnings trend and may be perceived as more conservative than recognizing a larger immediate gain.

  4. Where can I find more detailed information about this event?

    The 8-K filing includes Exhibit (99), which is a News Release from Ecolab Inc. dated January 28, 2002. This release is expected to provide further details, including certain risk factors and uncertainties associated with this matter.

04—Continue

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