What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to disclose specific financial information related to Motorola Solutions' Enterprise business in connection with its pending sale to Zebra Technologies. This includes standalone financial statements prepared by Zebra Technologies for their financing purposes.

What parts of the Enterprise business are being sold, and what is being retained?

The Master Acquisition Agreement covers the sale of the Company's Enterprise business, but it specifically excludes certain assets and liabilities, such as the iDEN infrastructure business. Motorola Solutions will also retain certain corporate and general costs that were historically allocated to the Enterprise Business.

How are the financial results of the Enterprise business being presented?

Since the second quarter of 2014, the results of operations for the portions of the Enterprise Business included in the transaction have been presented in Motorola Solutions' financial statements as discontinued operations. The related assets and liabilities are shown as assets and liabilities held for sale.

Are the provided Enterprise Business financial statements truly representative of a standalone entity?

The filing states that the Enterprise Business was not a separate legal entity, so its financial statements were prepared on a 'carve-out' basis. These statements are derived from Motorola Solutions' consolidated financials and include allocations of shared expenses. Therefore, they may not necessarily reflect the actual or future financial position, results of operations, or cash flows that the Enterprise Business would have had if it had operated independently.

MSI 8-K: Regulation FD — Sep 25, 2014

Summary

Motorola Solutions, Inc. (MSI) filed an 8-K on September 25, 2014, to provide updated information regarding the previously announced sale of its Enterprise business to Zebra Technologies Corporation. The transaction, expected to close by the end of 2014, will exclude certain assets and liabilities, including the iDEN infrastructure business, and MSI will retain some allocated corporate costs. The company has been presenting the Enterprise business results as discontinued operations since Q2 2014. This filing primarily serves to disclose standalone financial statements and other financial information related to the Enterprise Business, prepared by Zebra Technologies for prospective investors in connection with their debt financing. Investors should note that these carve-out financial statements are derived from MSI's consolidated financials and may not reflect the Enterprise Business's performance as if it were a standalone entity. The filing also reiterates cautionary statements regarding forward-looking information and potential risks associated with the transaction's completion.

Key Highlights

1Motorola Solutions is selling its Enterprise business to Zebra Technologies Corporation, with an expected closing by the end of 2014.
2The sale excludes certain assets and liabilities, notably the iDEN infrastructure business.
3Motorola Solutions will retain certain corporate and general costs previously allocated to the Enterprise Business.
4Financial results for the Enterprise Business included in the sale have been presented as discontinued operations since Q2 2014.
5The 8-K includes carve-out financial statements and other financial information for the Enterprise Business, prepared by Zebra Technologies.
6These financial statements are derived from MSI's consolidated data and may not represent the Enterprise Business's performance as an independent entity.
7The filing includes standard cautionary statements regarding forward-looking information and risks associated with the transaction.

Motorola Solutions, Inc. 8-K Report, Regulation FD Disclosure (Sep 25, 2014)

Summary

Key Highlights

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