Modine Manufacturing Co. Files 8-K

TL;DR

Modine filed a routine 8-K, no major news.

AI Summary

Modine Manufacturing Company filed an 8-K on July 26, 2024, to report on Regulation FD disclosures and financial statements. The filing does not contain specific financial figures or material events beyond the standard reporting requirements for this form.

Why It Matters

This filing serves as a standard notification to the SEC and investors about the company's regulatory compliance and financial reporting schedule.

Risk Assessment

Risk Level: low — The filing is a standard procedural report and does not disclose any new material risks or events.

Key Players & Entities

• Modine Manufacturing Company (company) — Registrant
• July 26, 2024 (date) — Date of earliest event reported
• Wisconsin (location) — State of incorporation
• 1500 DeKoven Avenue, Racine, Wisconsin 53403 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.625 — nge on which registered Common Stock, $0.625 par value MOD New York Stock Exchan

Filing Documents

• ef20032126_8k.htm (8-K) — 30KB
• ef20032126_ex99-1.htm (EX-99.1) — 288KB
• 0001140361-24-034314.txt ( ) — 461KB
• mod-20240726.xsd (EX-101.SCH) — 4KB
• mod-20240726_lab.xml (EX-101.LAB) — 21KB
• mod-20240726_pre.xml (EX-101.PRE) — 16KB
• ef20032126_8k_htm.xml (XML) — 4KB

01

Item 7.01 Regulation FD Disclosure Effective April 1, 2024, Modine Manufacturing Company (the "Company") moved its Coatings business, which was previously managed by and reported within the Performance Technologies segment, under the leadership of the Climate Solutions segment. Under this refined organizational structure, the Coatings business is better aligned with the Climate Solution's Heat Transfer Products business, which serves similar heating, ventilating, air conditioning, and refrigeration markets and customers. The Company expects that unifying these complementary businesses will allow for it to better focus resources on targeted growth and allow for a more efficient application of 80/20 principles to optimize profit margins and cash flow. Beginning with its reporting for the first quarter of fiscal 2025, the Company will report the financial results of the Coatings business within the Climate Solutions segment. The Company's revised reporting segments are consistent with how the Company's chief operating decision maker is assessing operating performance and allocating capital resources following the realignment of its segment structure. The segment realignment had no impact on the Company's consolidated financial position, results of operations, and cash flows. The Company is furnishing this Form 8-K to provide investors with unaudited historical segment operating and adjusted financial results consistent with its new reporting structure. The schedules in Exhibit 99.1 to this Current Report on Form 8-K provide unaudited financial information on the basis of the Company's new reporting segments for the previously-reported quarters and full year of fiscal 2024. The segment realignment discussed above and presented in Exhibit 99.1 hereto does not represent a restatement of previously issued financial statements. The information in this Item 7.01, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exch

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits The following exhibits are being furnished herewith: 99.1 Recast unaudited segment financial information – for the quarter ended June 30, 2023; the quarter ended September 30, 2023; the quarter ended December 31, 2023; and the quarter and fiscal year ended March 31, 2024. 104 Cover Page Interactive Data File (formatted as Inline XBRL) 3

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. Modine Manufacturing Company By: /s/ Michael B. Lucareli Michael B. Lucareli Executive Vice President, Chief Financial Officer Date: July 26, 2024 4

View Full Filing

View this 8-K filing on SEC EDGAR