8-KCorporate ChangesExhibits & Filings

TE Connectivity plc 8-K Report, Bylaw Amendment (May 19, 2020)

Filed May 19, 2020For Securities:TEL

Summary

TE Connectivity plc (TEL) filed an 8-K on May 19, 2020, primarily to report on an amendment to its Articles of Association. This amendment officially reflects a share capital reduction totaling CHF 6,838,860.00, resulting in a new share capital of CHF 193,203,427.17. This reduction is a consequence of the cancellation of 11,998,000 shares that were repurchased by the company during a specific period in late 2018 and 2019. While this action does not represent a new strategic initiative or a change in financial performance, it is a procedural step following the shareholder approval received at the March 11, 2020 annual general meeting, and it becomes effective on the filing date. Investors should view this as a technical update related to share structure rather than a material event impacting operational or financial outlook.

Key Highlights

  • 1TE Connectivity's Articles of Association have been amended and restated, effective May 19, 2020.
  • 2The amendment reflects a share capital reduction of CHF 6,838,860.00.
  • 3The company's total share capital is now CHF 193,203,427.17.
  • 4The share capital reduction is a result of the cancellation of 11,998,000 repurchased shares.
  • 5These shares were repurchased between September 29, 2018, and September 27, 2019.
  • 6Shareholder approval for this action was obtained at the March 11, 2020 annual general meeting.
  • 7The filing includes the amended and restated Articles of Association as an exhibit.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially announce and document the amendment to TE Connectivity's Articles of Association, which reflects a reduction in the company's share capital. This amendment became effective on May 19, 2020.

The share capital reduction was implemented to formally cancel 11,998,000 shares that the company had previously repurchased under its share repurchase program during the period of September 2018 to September 2019. This is a procedural step following shareholder approval.

No, this filing is primarily administrative and procedural. It formalizes a share capital reduction resulting from previously completed share repurchases. It does not signal a change in TE Connectivity's financial performance, operational strategy, or future outlook.

Following the capital reduction, TE Connectivity's total share capital is CHF 193,203,427.17.