What specific business was sold by Johnson Controls?

Johnson Controls sold its South Korean security business.

When was the sale completed?

The sale was completed on May 21, 2014.

What are the financial terms of the sale?

This 8-K filing does not disclose the specific financial terms or the proceeds from the sale. Investors should refer to the attached press release (Exhibit 99.1) or future financial reports for more details.

Why did Johnson Controls sell its South Korean security business?

The 8-K filing itself does not provide the rationale for the sale. It is likely part of a broader strategic decision to focus on core business segments or optimize the company's portfolio. Investors may find more information in the press release or subsequent management discussions.

JCI 8-K SEC Disclosure — May 22, 2014

Summary

Johnson Controls International plc (JCI) filed an 8-K on May 22, 2014, to report the completion of the sale of its South Korean security business. This divestiture signifies a strategic move by JCI to streamline its operations and focus on core areas. While specific financial details of the sale are not provided in this 8-K, the transaction is expected to impact JCI's business portfolio going forward. Investors should look for subsequent filings to understand the financial implications and the strategic rationale behind this sale in greater detail.

Key Highlights

1Completion of the sale of Johnson Controls' South Korean security business announced.
2The 8-K filing was made on May 22, 2014, with the event date of the sale being May 21, 2014.
3This divestiture is an 'Other Event' (Item 8.01) in the filing.
4A press release detailing the transaction is attached as an exhibit.
5The filing indicates a strategic shift or portfolio adjustment by JCI.

Johnson Controls International plc 8-K Report, Corporate Update (May 22, 2014)

Summary

Key Highlights

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