Summary
This amended 8-K filing from L3Harris Technologies (formerly Harris Corporation) provides pro forma financial information following the merger with Exelis Inc., which was completed on May 29, 2015. The filing is an amendment to a previous 8-K and is primarily focused on presenting the combined financial picture of Harris and Exelis as if the merger had occurred at an earlier point in time, adjusted for their different fiscal year ends. Investors should note that this report's main purpose is to supplement the initial merger announcement by offering a combined view of the entities' financial performance and position. The pro forma financial statements, included as Exhibit 99.1, allow for a more consistent comparison and analysis of the merged company's potential financial impact, accounting for the integration of Exelis's operations into Harris's structure. This is crucial for understanding the financial scale and potential synergies of the combined entity post-acquisition.
Key Highlights
- 1This is an amended 8-K filing (8-K/A) to the initial Form 8-K filed on May 29, 2015, regarding the merger of Harris Corporation and Exelis Inc.
- 2The amendment primarily incorporates pro forma financial information as required by Item 9.01(b) of Form 8-K.
- 3The pro forma financial information is presented to provide a combined financial view of Harris and Exelis following the merger.
- 4The filing addresses the discrepancy in fiscal year-ends between Harris (ending near June 30) and Exelis (ending December 31) by presenting relevant periods for combined analysis.
- 5Exhibit 99.1 contains the unaudited pro forma condensed combined financial information for specific periods prior to and encompassing the merger.
- 6The merger was completed on May 29, 2015, with Exelis surviving as a wholly owned subsidiary of Harris.