8-KMaterial AgreementsExhibits & Filings

Johnson Controls International plc 8-K Report, Material Agreement (Apr 20, 2006)

Filed April 20, 2006For Securities:JCI

Summary

This 8-K filing from Tyco International Ltd., dated April 20, 2006, primarily announces a settlement agreement between the company and the Securities and Exchange Commission (SEC). This settlement pertains to an investigation by the SEC's Enforcement Division concerning certain accounting practices and actions taken by former company officials. The filing incorporates a press release dated April 17, 2006, which details this agreement. Investors should note that this report addresses a past regulatory investigation, aiming to conclude a period of uncertainty related to historical accounting issues. The resolution of this matter is significant as it removes a potential overhang on the company's stock and allows management to focus on future operations and growth without the distraction of ongoing regulatory scrutiny. The core of this report is the finalization of a settlement with the SEC, which signifies a closure to a significant investigative matter. While the details of the accounting practices and former officials' actions are not elaborated within the 8-K itself, the press release referenced likely provides further context. For investors, this settlement represents a step towards restoring confidence and demonstrating the company's commitment to compliance and good governance. The filing was made by Tyco International Ltd. and signed by its Executive Vice President and Chief Financial Officer, Chris Coughlin.

Key Highlights

  • 1Tyco International Ltd. (the 'Company') reached a settlement agreement with the Securities and Exchange Commission (SEC).
  • 2The settlement resolves the SEC Enforcement Division's investigation into past accounting practices and actions by former company officials.
  • 3The earliest event reported is April 17, 2006, indicating the date of the settlement's announcement.
  • 4The filing includes a press release dated April 17, 2006, as Exhibit 99.1, which elaborates on the settlement terms.
  • 5This filing is an 8-K Current Report, signaling a material event for the company.
  • 6The report is signed by Christopher J. Coughlin, Executive Vice President and Chief Financial Officer, indicating senior management's involvement.

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