IDEX Corp Files 8-K with Regulatory Updates

Ticker: IEX · Form: 8-K · Filed: Jul 23, 2024 · CIK: 832101

Idex Corp /De/ 8-K Filing Summary
FieldDetail
CompanyIdex Corp /De/ (IEX)
Form Type8-K
Filed DateJul 23, 2024
Risk Levellow
Pages4
Reading Time5 min
Key Dollar Amounts$1 b
Sentimentneutral

Sentiment: neutral

Topics: 8-K, regulatory-filing

TL;DR

IDEX filed an 8-K on 7/23. Check for updates.

AI Summary

IDEX Corporation filed an 8-K on July 23, 2024, to report on various events. The filing includes information related to Regulation FD disclosures, other events, and financial statements and exhibits. Specific details regarding the nature of these events or any associated financial figures were not immediately available in the provided text.

Why It Matters

This 8-K filing indicates that IDEX Corporation is providing important updates to the SEC, which could include material information relevant to investors.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report, typically used for routine disclosures, and does not inherently suggest significant negative events.

Key Players & Entities

  • IDEX CORP /DE/ (company) — Registrant
  • July 23, 2024 (date) — Date of Report
  • 3100 Sanders Road, Suite 301 Northbrook, Illinois 60062 (address) — Principal Executive Offices

FAQ

What specific events are being disclosed in this 8-K filing by IDEX Corporation?

The filing indicates disclosures related to Regulation FD, Other Events, and Financial Statements and Exhibits, but the specific details of these events are not provided in the excerpt.

What is the date of the earliest event reported in this 8-K?

The date of the earliest event reported is July 23, 2024.

What is IDEX Corporation's principal executive office address?

IDEX Corporation's principal executive office is located at 3100 Sanders Road, Suite 301, Northbrook, Illinois 60062.

Under which section of the Securities Exchange Act of 1934 is this 8-K filed?

This 8-K is filed pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934.

What is IDEX Corporation's IRS Employer Identification Number?

IDEX Corporation's IRS Employer Identification Number is 36-3555336.

Filing Stats: 1,217 words · 5 min read · ~4 pages · Grade level 14.2 · Accepted 2024-07-23 08:47:17

Key Financial Figures

  • $1 b — acquire Mott for cash consideration of $1 billion, subject to customary adjustments

Filing Documents

01 – Regulation FD Disclosure

Item 7.01 – Regulation FD Disclosure. A copy of the press release and investor presentation relating to the transaction described below are attached hereto as Exhibit 99.1 and 99.2 and are furnished herewith. IDEX Corporation (the "Company") will host a conference call to discuss the transaction described below at 9:30 a.m. Central Time (CDT) on July 23, 2024. The conference call will be webcast live from the Company's investor relations website at https://investors.idexcorp.com. The conference call can also be accessed live over the phone by dialing 1-877-709-8150 or +1 201-689-8354. The conference ID is 13747873. A replay will be available approximately three hours after the call and can be accessed by dialing 877-660-6853 or +1 201-612-7415 for international callers. The replay will be available through August 23, 2024. The information contained in this Item 7.01 (including Exhibit 99.1 and Exhibit 99.2) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.

01 – Other Events

Item 8.01 – Other Events. On July 23, 2024, the Company issued a press release announcing that it has entered into a definitive agreement (the "Purchase Agreement") to acquire from the Mott Corporation Employee Stock Ownership Trust, which is maintained pursuant to and in connection with the Mott Corporation Employee Stock Ownership Plan, all of the issued and outstanding capital stock of Mott Corporation, a Connecticut corporation, and its subsidiaries ("Mott"). Mott is a leading microfiltration business specializing in the design, customization, and manufacturing of sintered porous metal components and engineered solutions used in fluidic applications. Pursuant to the terms of the Purchase Agreement, the Company has agreed to acquire Mott for cash consideration of $1 billion, subject to customary adjustments. The transaction is expected to close by the end of the third quarter of 2024, subject to regulatory approvals and customary closing conditions. Cautionary Note Regarding Forward-Looking Statements This Current Report and the Exhibits hereto contain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements regarding the expected benefits of the acquisition of Mott, the expected impact of the acquisition on the Company's product offerings or proposed product offerings, the Company's combined existing and new customers and access to high-value end markets, the enhancement of the Company's business strategy, integration plans, the expected growth opportunities, profitability and synergies resulting from the acquisition, including the timing of such expected synergies, the present value of expected tax benefits, the anticipated long-term value to the Company's shareholders, the projected revenue, EBITDA and EBITDA margin of Mott and the related impact and timing for such impact on the Company's earnings, return on invested capital, and the expected

01 – Financial Statements and Exhibits

Item 9.01 – Financial Statements and Exhibits. (a) Exhibits 99.1 Press release dated July 23, 2024. 99.2 Investor Presentation, dated July 23, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 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. IDEX CORPORATION By: /s/ ABHISHEK KHANDELWAL Abhishek Khandelwal Senior Vice President and Chief Financial Officer July 23, 2024

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