01—Abstract
Summary
Summary of the 8-K filed May 18, 2020. Cited figures are marked; the original filing is the authoritative source.
Ecolab Inc. (ECL) has filed a Current Report (8-K) on May 18, 2020, primarily to furnish financial information of ChampionX Holding Inc. ("ChampionX") on a carve-out basis for the first quarter ended March 31, 2020.
This information is being made available through Exhibit (99.1) and posted on Ecolab's website. This disclosure is significant as it provides investors with a clearer picture of ChampionX's standalone financial performance prior to its potential separation or integration, as referenced in the incorporated registration statements. Investors interested in the planned separation or business combination involving ChampionX and Apergy Corporation should pay close attention to this unaudited financial data.
The filing provides unaudited combined interim financial statements and Management's Discussion and Analysis (MD&A) for ChampionX, allowing for a detailed review of its operational and financial condition during the specified period. This information is crucial for assessing the value and future prospects of the involved entities.
02—Key points
Key Highlights
- Ecolab Inc. is providing first quarter 2020 financial information for ChampionX Holding Inc. on a carve-out basis.
- The financial information includes unaudited combined interim financial statements and MD&A for ChampionX.
- This disclosure is being furnished via Exhibit (99.1) to the 8-K and posted on Ecolab's website.
- The furnished information is incorporated by reference into ChampionX's and Apergy Corporation's registration statements (Form S-4/S-1).
- The filing does not involve new financial statements for Ecolab Inc. itself, but rather for its spun-off or combined entity, ChampionX.
- This is a Regulation FD Disclosure, ensuring broad public dissemination of the information.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to provide investors with the first quarter 2020 financial information for ChampionX Holding Inc. on a carve-out basis. This information is being made public to comply with Regulation FD and to support ongoing registration statements related to ChampionX and Apergy Corporation.
Where can I find the financial information for ChampionX?
The unaudited combined interim financial statements and Management's Discussion and Analysis (MD&A) for ChampionX for the quarter ended March 31, 2020, are provided in Exhibit (99.1) to this 8-K filing and are also posted on Ecolab's website (www.ecolab.com).
How does this filing relate to the proposed transaction with Apergy Corporation?
This filing is important for investors in the proposed transaction because the furnished financial information for ChampionX is incorporated by reference into the registration statements (Form S-4/S-1) for both ChampionX and Apergy Corporation. This provides key financial data needed for investors to evaluate the transaction.
Does this filing contain new financial results for Ecolab Inc. (ECL)?
No, this filing does not contain new financial results for Ecolab Inc. itself. It exclusively provides financial information for ChampionX Holding Inc. on a carve-out basis, which is a separate entity being presented for the purpose of a potential transaction or separation.
04—Continue