8-KOther EventsExhibits & Filings

Johnson Controls International plc 8-K Report, Corporate Update (May 10, 2010)

Filed May 10, 2010For Securities:JCI

Summary

This Form 8-K filing from Tyco International Ltd. (which was the registrant, not Johnson Controls International plc as initially stated in the prompt) reports on May 10, 2010, regarding the preliminary results of merger consideration elections by shareholders of Brink's Home Security Holdings, Inc. (BHS). Tyco was in the process of acquiring BHS. The primary focus of this filing is to inform investors about the shareholder choices regarding the form of consideration (likely cash or stock) they wish to receive in the acquisition. This information is crucial for understanding the financial implications of the BHS acquisition for Tyco's capital structure and potential cash outflows or equity dilution.

Key Highlights

  • 1Tyco International Ltd. announced preliminary results of merger consideration elections for Brink's Home Security Holdings, Inc. (BHS) shareholders.
  • 2The filing pertains to Tyco's acquisition of BHS.
  • 3Shareholders of BHS were given options regarding the form of merger consideration they wished to receive.
  • 4The press release attached as an exhibit details these preliminary election results.
  • 5This event is classified under 'Other Events' (Item 8.01) and 'Financial Statements and Exhibits' (Item 9.01) of the 8-K.
  • 6The filing was made on May 10, 2010, with the earliest event reported on the same date.

Frequently Asked Questions

The main purpose of this filing is to report the preliminary results of the merger consideration elections made by the shareholders of Brink's Home Security Holdings, Inc. (BHS) concerning Tyco International Ltd.'s acquisition of BHS.

The key companies are Tyco International Ltd. (the acquiring company) and Brink's Home Security Holdings, Inc. (BHS, the target company whose shareholders are making election choices).

It means that the shareholders of BHS had to choose how they wanted to receive payment for their shares in the acquisition – likely a choice between receiving cash or Tyco's stock. The preliminary results indicate the mix of these choices.

More details can be found in the press release issued by Tyco on May 10, 2010, which is attached as Exhibit 99.1 to this Form 8-K filing.