8-KCorporate ChangesExhibits & Filings

TE Connectivity plc 8-K Report, Bylaw Amendment (Sep 16, 2009)

Filed September 16, 2009For Securities:TEL

Summary

TE Connectivity plc (formerly Tyco Electronics Ltd.) announced an amendment to its Articles of Association, effective September 11, 2009, reflecting a previously approved par value reduction of CHF 0.17 per share. This reduction will result in a cash distribution to shareholders of approximately US$0.16 per share, payable on or about September 21, 2009, to shareholders of record as of September 11, 2009. The par value per share has been reduced from CHF 2.59 to CHF 2.43. This filing is primarily administrative, confirming the effectiveness of the shareholder-approved par value reduction and the subsequent distribution. Investors should note the record date and payment date for this distribution. The company has also updated its Articles of Association and share certificate forms to reflect the new par value.

Key Highlights

  • 1Effective September 11, 2009, TE Connectivity's (formerly Tyco Electronics) Articles of Association were amended and restated.
  • 2The amendment reflects a par value reduction of CHF 0.17 per share, previously approved by shareholders on June 22, 2009.
  • 3Shareholders of record on September 11, 2009, will receive a cash distribution of approximately US$0.16 per share.
  • 4The distribution is expected to be paid on or about September 21, 2009.
  • 5The new par value per share is CHF 2.43, down from CHF 2.59.
  • 6The filing includes the amended and restated Articles of Association as an exhibit.
  • 7A new form of share certificate reflecting the reduced par value is also provided as an exhibit.

Frequently Asked Questions

The main purpose of this 8-K filing is to report the effectiveness of the company's amended and restated Articles of Association, which reflect a shareholder-approved reduction in the par value of its shares. It also confirms the details of the cash distribution to shareholders resulting from this par value reduction.

Shareholders of record as of the close of business on September 11, 2009, are eligible to receive the distribution. The cash distribution of approximately US$0.16 per share is expected to be paid on or about September 21, 2009.

The reduction in par value from CHF 2.59 to CHF 2.43 per share, along with the cash distribution, effectively returns a portion of the company's capital to shareholders. This is a capital reorganization and distribution, not directly tied to operating performance, but it reduces the company's stated equity by the amount distributed.

No, this filing is purely administrative and relates to a change in the company's capital structure and a corresponding distribution to shareholders. It does not contain information about the company's ongoing business operations, financial results, or future performance beyond this specific capital transaction.