Summary
Rockwell Automation, Inc. (ROK) filed this Form 8-K on April 27, 2007, to update its previously filed Annual Report on Form 10-K for the fiscal year ended September 30, 2006. The primary purpose of this filing is to reflect the presentation of certain divested businesses as discontinued operations and to revise the reporting of its historical Control Systems operating segment into two distinct segments. Specifically, the Dodge mechanical and Reliance Electric motors and motor repair services businesses, along with the ElectroCraft Engineered Solutions business, are now formally classified as discontinued operations, with the sale of the former being completed in January 2007. Concurrently, the company has realigned its internal reporting structure, effective October 1, 2006, leading to the reclassification of its historical Control Systems segment into two new segments: Architecture & Software and Control Products & Solutions. These changes are presented for informational purposes and are stated to have no impact on Rockwell's reported net income, results of operations, or financial condition for any reporting period. Investors should note that the revised financial data, Management's Discussion and Analysis, and financial statements for fiscal years 2002-2006 reflecting these changes are provided as Exhibit 99 to this 8-K filing. It is crucial for investors to review these updated sections alongside the original 10-K filing. The company emphasizes that these revisions do not incorporate any events occurring after the original filing date of the consolidated financial statements (September 30, 2006), and all other information in the original 10-K remains unchanged unless specifically updated in this filing.
Key Highlights
- 1Rockwell Automation is reclassifying its Dodge mechanical and Reliance Electric motors/repair services, and ElectroCraft Engineered Solutions businesses as discontinued operations.
- 2The sale of the Dodge and Reliance Electric businesses was completed on January 31, 2007.
- 3The company is restructuring its historical Control Systems operating segment into two new segments: Architecture & Software and Control Products & Solutions, effective October 1, 2006.
- 4These revisions are primarily for presentation and reporting consistency.
- 5The filing states these changes have no impact on reported net income, results of operations, or financial condition.
- 6Revised financial data and MD&A for fiscal years 2002-2006 are included as Exhibit 99.
- 7The filing serves as an update to the Form 10-K for the fiscal year ended September 30, 2006.