8-KOther EventsExhibits & Filings

TechnipFMC plc 8-K Report, Corporate Update (Sep 8, 2021)

Filed September 8, 2021For Securities:FTI

Summary

TechnipFMC plc (FTI) has filed this Current Report on Form 8-K to provide revised financial information and disclosures related to its 2020 Annual Report on Form 10-K. The primary purpose of this filing is to reflect the retrospective impact of the spin-off of its former Technip Energies business segment, which was completed on February 16, 2021. This spin-off involved a pro rata dividend of 50.1% of Technip Energies N.V. shares to FTI shareholders. For all periods presented in this 8-K, the financial statements now reflect the historical results of operations, assets, and liabilities of the former Technip Energies segment within discontinued operations. This recasting is to align with the criteria for discontinued operations. Investors should note that this 8-K primarily updates historical financial presentations and does not include new information on events or trends occurring after the original 10-K filing, other than what is necessary to reflect the discontinued operations presentation.

Key Highlights

  • 1FTI is filing an 8-K to revise financial information from its 2020 Form 10-K.
  • 2The revisions are to retrospectively reflect the spin-off of the Technip Energies business segment.
  • 3The spin-off, completed on February 16, 2021, involved distributing 50.1% of Technip Energies N.V. shares.
  • 4Historical results of Technip Energies are now classified as discontinued operations for all periods presented.
  • 5This filing updates specific sections of the 2020 10-K including MD&A, Market Risk, Financial Statements, and Schedules.
  • 6The updated disclosures primarily reflect the discontinued operations treatment and do not incorporate post-filing events or trends, except as required for this reclassification.
  • 7Investors are advised to read this 8-K in conjunction with FTI's subsequent Q1 and Q2 2021 Form 10-Q filings for more recent information.

Frequently Asked Questions

This 8-K filing is primarily to revise and restate certain financial information and disclosures in TechnipFMC's 2020 Form 10-K to retrospectively reflect the spin-off of its Technip Energies business segment.

The historical results of operations, assets, and liabilities of the former Technip Energies segment are now presented as discontinued operations in TechnipFMC's consolidated financial statements for all periods covered by the revised filings.

No, this 8-K is focused on revising historical financial presentation related to the spin-off. It does not reflect events or trends occurring after the original 2020 10-K filing, except as necessary for the discontinued operations classification. For recent performance and outlook, investors should refer to the Q1 and Q2 2021 Form 10-Q filings.

The revised sections include Part II, Item 7 (MD&A), Item 7A (Market Risk), Item 8 (Financial Statements and Supplementary Data), and Part IV, Item 15(a)(2) (Financial Statement Schedule).