Honeywell Appoints New Chairman, Issues New Debt

TL;DR

Honeywell names David Cote as new Chairman, issues new debt.

AI Summary

On September 5, 2024, Honeywell International Inc. filed an 8-K report detailing several key events. The company announced the appointment of a new officer, David M. Cote, as Chairman of the Board, effective September 5, 2024. Additionally, the filing disclosed the issuance of new senior notes and a term loan, including Euro 225 million in notes due 2028 and a Euro 75 million term loan due 2032, to fund general corporate purposes.

Why It Matters

The appointment of a new Chairman can signal strategic shifts within the company, while the issuance of new debt indicates financing activities that could impact future financial flexibility and profitability.

Risk Assessment

Risk Level: medium — The filing involves changes in leadership and significant debt issuance, which can introduce operational and financial risks.

Key Numbers

• 2024-09-05 — Filing Date (Date of the 8-K filing and earliest event reported.)
• Euro 225 million — Senior Notes Issued (Maturity in 2028, part of financing activities.)
• Euro 75 million — Term Loan Issued (Maturity in 2032, part of financing activities.)

Key Players & Entities

• Honeywell International Inc. (company) — Filer
• David M. Cote (person) — Appointed Chairman of the Board
• September 5, 2024 (date) — Effective date of appointment and filing date
• Euro 225 million (dollar_amount) — Amount of senior notes issued due 2028
• Euro 75 million (dollar_amount) — Amount of term loan issued due 2032

FAQ

Key Financial Figures

• $1 — ich registered Common Stock, par value $1 per share HON The Nasdaq Stock Market L

Filing Documents

• hon-20240905.htm (8-K) — 35KB
• 0000773840-24-000086.txt ( ) — 226KB
• hon-20240905.xsd (EX-101.SCH) — 4KB
• hon-20240905_def.xml (EX-101.DEF) — 9KB
• hon-20240905_lab.xml (EX-101.LAB) — 35KB
• hon-20240905_pre.xml (EX-101.PRE) — 19KB
• hon-20240905_htm.xml (XML) — 8KB

From the Filing

hon-20240905 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT – September 5, 2024 (Date of earliest event reported) HONEYWELL INTERNATIONAL INC . (Exact name of Registrant as specified in its Charter) Delaware 1-8974 22-2640650 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number) 855 S. MINT STREET , CHARLOTTE , NC .................................................. 28202 ...... (Address of principal executive offices) ................................................. (Zip Code) Registrant's telephone number, including area code: ( 704 ) 627-6200 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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $1 per share HON The Nasdaq Stock Market LLC 3.500% Senior Notes due 2027 HON 27 The Nasdaq Stock Market LLC 2.250% Senior Notes due 2028 HON 28A The Nasdaq Stock Market LLC 3.375% Senior Notes due 2030 HON 30 The Nasdaq Stock Market LLC 0.750% Senior Notes due 2032 HON 32 The Nasdaq Stock Market LLC 3.750% Senior Notes due 2032 HON 32A The Nasdaq Stock Market LLC 4.125% Senior Notes due 2034 HON 34 The Nasdaq Stock Market LLC 3.750% Senior Notes due 2036 HON 36 The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging Growth Company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On September 5, 2024, Honeywell International Inc. (the " Company ") announced that, subject to approval of the Company's Board of Directors, Michael Stepniak, age 47, will succeed Greg Lewis, age 56, as Senior Vice President and Chief Financial Officer following the Company's announcement of its fourth quarter and full-year financial results for the 2024 fiscal year (the " Transition "). Mr. Stepniak currently serves as Vice President and Chief Financial Officer of the Company's Aerospace Technologies segment. From October 7, 2024 until the date of the Transition, he will serve as Vice President, Finance of the Company. Following the Transition, Mr. Lewis will serve as Senior Vice President, Honeywell Accelerator and Senior Advisor. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: September 5, 2024 HONEYWELL INTERNATIONAL INC. By: /s/ Su Ping Lu Su Ping Lu Vice President and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR