Jacobs Solutions Completes Acquisition, Announces Leadership Changes
Ticker: J · Form: 8-K · Filed: Sep 30, 2024 · CIK: 52988
Sentiment: neutral
Topics: acquisition, leadership-change, material-definitive-agreement
TL;DR
Jacobs Solutions just bought something and changed some execs. Big moves ahead.
AI Summary
On September 27, 2024, Jacobs Solutions Inc. announced the completion of its acquisition of a specific business segment, as detailed in a material definitive agreement. The filing also noted the departure of certain officers and the election of new directors, alongside updates on compensatory arrangements.
Why It Matters
This filing signals a significant strategic move for Jacobs Solutions through acquisition, potentially reshaping its business focus and impacting its future financial performance and market position.
Risk Assessment
Risk Level: medium — Acquisitions and executive changes inherently carry integration risks, potential financial impacts, and strategic uncertainties.
Key Players & Entities
- Jacobs Solutions Inc. (company) — Registrant
- September 27, 2024 (date) — Date of earliest event reported
FAQ
What specific business segment did Jacobs Solutions Inc. acquire?
The filing indicates the completion of an acquisition of a business segment but does not specify the name of the segment in the provided text.
What was the effective date of the material definitive agreement for the acquisition?
The filing states the report date is September 27, 2024, and the earliest event reported is also September 27, 2024, implying the agreement's material aspects or completion occurred on or around this date.
Which directors or officers departed from Jacobs Solutions Inc.?
The filing mentions the departure of certain officers and directors but does not name them in the provided text.
Were there any new directors elected or officers appointed?
Yes, the filing indicates the election of directors and the appointment of certain officers.
What is the IRS number for Jacobs Solutions Inc.?
The IRS number for Jacobs Solutions Inc. is 954081636.
Filing Stats: 1,634 words · 7 min read · ~5 pages · Grade level 12.5 · Accepted 2024-09-30 06:43:05
Key Financial Figures
- $1 — nge on which registered Common Stock, $1 par value J New York Stock Exchange
- $0.01 — 4,108 shares of common stock, par value $0.01 per share, of SpinCo (the "SpinCo Commo
- $1.00 — er of shares of common stock, par value $1.00 per share, of Jacobs (the "Jacobs Commo
- $0.9 billion — sh payment from SpinCo of approximately $0.9 billion which is subject to certain adjustments
Filing Documents
- d23970d8k.htm (8-K) — 36KB
- d23970dex101.htm (EX-10.1) — 273KB
- d23970dex991.htm (EX-99.1) — 206KB
- 0001193125-24-228379.txt ( ) — 709KB
- j-20240927.xsd (EX-101.SCH) — 3KB
- j-20240927_lab.xml (EX-101.LAB) — 18KB
- j-20240927_pre.xml (EX-101.PRE) — 11KB
- d23970d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (b) Pro Forma Financial Information. The unaudited pro forma consolidated financial information of Jacobs required by Article 11 of Regulation S-X is attached hereto and is incorporated by reference herein. The unaudited pro forma consolidated balance sheet of Jacobs as of June 28, 2024 and the unaudited pro forma consolidated statements of earnings of Jacobs for the nine months ended June 28, 2024 and the fiscal years ended September 29, 2023, September 30, 2022 and October 1, 2021 are filed as Exhibit 99.1 to this Current Report on Form 8-K. (d) Exhibits. Exhibit No. Description 10.1 Tax Matters Agreement, dated as of September 27, 2024, by and among Jacobs Solutions Inc., Amentum Holdings, Inc., Amentum Parent Holdings LLC and Amentum Joint Venture LP 99.1 Unaudited pro forma consolidated financial information 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. JACOBS SOLUTIONS INC. By: /s/ Robert V. Pragada Name: Robert V. Pragada Title: Chair and Chief Executive Officer Date: September 30, 2024