Summary
This filing is an amendment to a previous Form 8-K filed by Harris Corporation (now L3Harris Technologies, Inc.) on September 14, 2000. The amendment primarily corrects errors in the Unaudited Pro Forma Condensed Consolidated Statement of Income related to the acquisition of Wavtrace, Inc. Specifically, it addresses the combined effective tax rate for both companies, which was not accurately reflected in the original filing. The amendment corrects the tax rate and the financial line items impacted by this change. For investors, the key takeaway is that this is a procedural correction to financial reporting following an acquisition. The underlying transaction, the acquisition of Wavtrace, Inc. by Harris Corporation, remains the core event. Investors should refer to the original 8-K and this amendment for the complete and corrected pro forma financial information resulting from this acquisition.
Key Highlights
- 1Amendment to a prior Form 8-K filing concerning the acquisition of Wavtrace, Inc. by Harris Corporation.
- 2The primary purpose of this amendment is to correct the pro forma financial statements related to the Wavtrace acquisition.
- 3Specifically, the correction pertains to the combined effective tax rate of Harris and Wavtrace, which was inaccurately presented in the original filing.
- 4The amendment revises line items in the pro forma financial statements that were impacted by the incorrect tax rate.
- 5The financial statements of Wavtrace, Inc. (audited and unaudited interim) are included as part of the filing.
- 6Pro forma condensed consolidated financial statements, reflecting the acquisition, are presented.
- 7The acquisition of Wavtrace, Inc. is accounted for using the purchase method, with a significant allocation to in-process research and development ($73.5 million).