Portfolio Repositioning 8K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event
reported): June 30, 2015
Emerson Electric Co.
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(Exact Name of Registrant as Specified in Charter)
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Missouri --------------------------------- (State or Other Jurisdiction of Incorporation) | 1-278 ------------------- (Commission File Number) | 43-0259330 --------------------------- (I.R.S. Employer Identification Number) |
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8000 West Florissant Avenue St. Louis, Missouri ------------------------------------------------ (Address of Principal Executive Offices) | | 63136 ------------------ (Zip Code) |
Registrant’s telephone number, including area code:
(314) 553-2000
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events
The following information is furnished pursuant to Item 8.01 of Form 8-K.
On June 30, 2015, Emerson Electric Co. ("Emerson") issued a press release announcing it plans to spin off its Network Power business via a tax-free distribution to Emerson shareholders. The spinoff is part of Emerson's strategic plan to streamline its portfolio and drive growth and value creation for its shareholders. As part of this strategic plan, Emerson also announced that it will explore strategic alternatives for its motors and drives, power generation and remaining storage businesses.
The full text of this press release is furnished with the Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
Forward-Looking and Cautionary Statements
Statements in this press release that are not strictly historical may be “forward-looking” statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include our ability to complete the potential transactions referenced herein, as well as economic and currency conditions, market demand, pricing, protection of intellectual property, and competitive and technological factors, among others, as set forth in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
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Exhibit Number | | Description of Exhibits |
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99.1 | | Press Release issued by Emerson dated June 30, 2015. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | EMERSON ELECTRIC CO. (Registrant) |
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Date: | June 30, 2015 | By: | /s/ John G. Shively |
| | | John G. Shively Vice President and Assistant Secretary |
EXHIBIT INDEX
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Exhibit Number | | Description of Exhibits |
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99.1 | | Press Release issued by Emerson dated June 30, 2015 |