Summary
This filing is an amendment to Johnson Controls International plc's (JCI) prior 8-K report, filed to include crucial financial details regarding the completion of its merger with Tyco International plc. The merger, which closed on September 2, 2016, has been accounted for as a reverse acquisition, with Johnson Controls, Inc. (the former JCI) being treated as the acquirer for accounting purposes. This amendment specifically provides the historical financial statements of Tyco and pro forma combined financial information for the merged entity. Investors should note that this filing primarily serves to provide the necessary financial disclosures associated with the significant business combination. The company has officially changed its name to Johnson Controls International plc following the merger. The inclusion of Tyco's financial data and pro forma statements is critical for understanding the combined company's financial position and operational outlook post-merger.
Key Highlights
- 1Johnson Controls International plc (JCI) completed its merger with Tyco International plc on September 2, 2016.
- 2The merger is accounted for as a reverse acquisition, with the former Johnson Controls, Inc. treated as the acquirer.
- 3This 8-K/A filing supplements a prior report by providing historical financial statements of Tyco.
- 4Pro forma combined financial statements of the merged entity are included for the first time.
- 5Tyco's audited financial statements for fiscal years ended September 25, 2015, September 26, 2014, and September 27, 2013, are incorporated.
- 6Tyco's unaudited financial statements for the periods ended June 24, 2016, and June 25, 2015, are also included.
- 7The combined entity has been renamed Johnson Controls International plc.