8-KOther EventsExhibits & Filings

TransDigm Group INC 8-K Report, Corporate Update (Aug 12, 2013)

Filed August 12, 2013For Securities:TDG

Summary

TransDigm Group Incorporated (TDG) has filed a Current Report on Form 8-K to provide retrospective revisions to its previously filed Annual Report on Form 10-K for the fiscal year ended September 30, 2012. These revisions are primarily to reflect a change in the Company's reportable segments, which was implemented during the third quarter of fiscal year 2013. The new segment structure consists of three divisions: Power & Control, Airframe, and Non-aviation. It is crucial for investors to understand that these segment reclassifications are purely for reporting and presentation purposes and do not impact the Company's previously reported net income or earnings per share. The filing also notes that retrospective revisions were made to reflect the adoption of presentation guidance for comprehensive income starting in the first quarter of fiscal 2013. All other information within the 2012 Form 10-K remains unchanged by this filing.

Key Highlights

  • 1TDG is filing an 8-K to retrospectively revise its 2012 Form 10-K disclosures.
  • 2The primary reason for the revision is a change in the Company's reportable business segments.
  • 3The new segment structure comprises 'Power & Control,' 'Airframe,' and 'Non-aviation.'
  • 4These segment reclassifications are purely presentational and have no impact on reported net income or EPS.
  • 5The filing also incorporates retrospective revisions related to the adoption of comprehensive income presentation guidance.
  • 6Revised sections of the 2012 10-K include Business, MD&A, and Financial Statements.
  • 7This 8-K filing should be read in conjunction with the original 2012 10-K and subsequent filings.

Frequently Asked Questions

The main purpose of this Form 8-K is to make retrospective revisions to TransDigm's 2012 Annual Report on Form 10-K. These revisions are primarily to update the company's reportable business segments and to reflect the adoption of new presentation guidance for comprehensive income.

The change in reportable segments is a reclassification for internal management and reporting structure purposes only. It has no impact on TransDigm's previously reported net income or earnings per share for any period. Investors should not expect any change in financial performance due to this segment adjustment.

Beginning in the third quarter of fiscal 2013, TransDigm now reports its business in three segments: Power & Control, Airframe, and Non-aviation.

No, this Current Report on Form 8-K does not modify or update any other disclosures from the 2012 Form 10-K, nor does it reflect any subsequent information or events beyond the described changes to segment reporting and comprehensive income presentation. It should be read in conjunction with the original 2012 10-K and subsequent filings.