Axalta Coating Systems Ltd. Files 8-K

TL;DR

AXTA filed an 8-K, standard procedure, no major news.

AI Summary

Axalta Coating Systems Ltd. filed an 8-K on May 13, 2024, to report information under Regulation FD and to file financial statements and exhibits. The filing does not detail specific financial transactions or events but serves as a notification and filing of required documents.

Why It Matters

This filing indicates Axalta is fulfilling its regulatory reporting obligations with the SEC, which is standard practice for publicly traded companies.

Risk Assessment

Risk Level: low — The filing is a routine regulatory disclosure and does not contain information that suggests a change in the company's risk profile.

Key Players & Entities

• Axalta Coating Systems Ltd. (company) — Registrant
• 0001616862-24-000037 (filing_id) — Accession Number
• May 13, 2024 (date) — Filing Date
• 1050 Constitution Avenue, Philadelphia, Pennsylvania 19112 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $1.00 — tion 12(b) of the Act: Common Shares, $1.00 par value AXTA New York Stock Exchange
• $285 m — mpany for initial cash consideration of $285 million, plus an additional $10 million e
• $10 million — ion of $285 million, plus an additional $10 million earnout based on the business's 2024 pe

Filing Documents

• axta-20240513.htm (8-K) — 29KB
• a51320248-k_exhibit99.htm (EX-99) — 13KB
• image_0a.jpg (GRAPHIC) — 11KB
• 0001616862-24-000037.txt ( ) — 183KB
• axta-20240513.xsd (EX-101.SCH) — 2KB
• axta-20240513_lab.xml (EX-101.LAB) — 21KB
• axta-20240513_pre.xml (EX-101.PRE) — 12KB
• axta-20240513_htm.xml (XML) — 3KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On May 13, 2024, Axalta Coating Systems Ltd. (the "Company") issued a press release announcing that it has entered into a definitive agreement to acquire The CoverFlexx Group from Transtar Holding Company for initial cash consideration of $285 million, plus an additional $10 million earnout based on the business's 2024 performance (the "Acquisition"). Closing on the Acquisition is expected to occur in the third quarter of 2024 and is subject to regulatory approval and other customary closing conditions. A copy of the press release is furnished as Exhibit 99 to this Current Report on Form 8-K and is incorporated herein by reference. The information furnished with this Item 7.01, including Exhibit 99, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. Cautionary Statement Concerning Forward-Looking Statements This Current Report on Form 8-K may contain certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 regarding the Company and its subsidiaries, including with respect to the anticipated timing of the Acquisition. The Company has identified some of these forward-looking statements with words such as "expected" or other comparable or similar terminology. Forward-looking statements are based on management's expectations as well as estimates and assumptions prepared by management that, although they believe to be reasonable, are inherently uncertain. These statements may involve risks and uncertainties, including, but not limited to, the satisfaction of the closing conditions of the Acquisition and the parties' ability to consummate

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99 Press Release dated May 13, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES 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. AXALTA COATING SYSTEMS LTD. Date: May 13, 2024 By: /s/ Carl D. Anderson II Carl D. Anderson II Senior Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR