Summary
This Form 8-K filing from TransDigm Group (TDG) on June 13, 2013, primarily serves to inform investors about a significant change in the company's internal management and financial reporting structure. Effective for the third quarter ending June 29, 2013, TransDigm will reorganize its reporting segments into three distinct categories: Power & Control, Airframe, and Non-aviation. This change impacts how the company assesses performance and allocates resources internally, and will be reflected in future filings starting with the Q3 2013 Form 10-Q. Supplemental information detailing these new segments for historical periods (fiscal years ending September 30, 2012, and the quarters ending December 29, 2012, and March 30, 2013) is provided as exhibits to this report for comparative purposes. Importantly, this reclassification does not alter previously reported consolidated financial statements.
Key Highlights
- 1TransDigm Group is changing its internal management and financial reporting structure.
- 2The company will now report results across three segments: Power & Control, Airframe, and Non-aviation.
- 3This change is effective starting with the third fiscal quarter ending June 29, 2013.
- 4Supplemental segment information for prior periods is provided for comparative analysis.
- 5The new segment structure is intended to improve performance assessment and resource allocation.
- 6Previously reported consolidated financial statements are not affected by this reclassification.
- 7No restatement of prior period financial results is occurring.