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

From the Filing

0001616862-24-000037.txt : 20240513 0001616862-24-000037.hdr.sgml : 20240513 20240513080335 ACCESSION NUMBER: 0001616862-24-000037 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240513 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240513 DATE AS OF CHANGE: 20240513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Axalta Coating Systems Ltd. CENTRAL INDEX KEY: 0001616862 STANDARD INDUSTRIAL CLASSIFICATION: PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODUCTS [2851] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 981073028 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36733 FILM NUMBER: 24936955 BUSINESS ADDRESS: STREET 1: 1050 CONSTITUTION AVENUE CITY: PHILADELPHIA STATE: PA ZIP: 19112 BUSINESS PHONE: (855) 629-2582 MAIL ADDRESS: STREET 1: 1050 CONSTITUTION AVENUE CITY: PHILADELPHIA STATE: PA ZIP: 19112 8-K 1 axta-20240513.htm 8-K axta-20240513 0001616862 false false 0001616862 2024-05-13 2024-05-13 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 (Date of earliest event reported) May 13, 2024 AXALTA COATING SYSTEMS LTD. (Exact name of registrant as specified in its charter) Bermuda 001-36733 98-1073028 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 1050 Constitution Avenue , Philadelphia , Pennsylvania 19112 (Address of principal executive offices)    (Zip Code) ( 855 ) 547-1461 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report.) 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 ( see General Instruction A.2. below): ☐ 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: Common Shares, $1.00 par value AXTA New York Stock Exchange (Title of class) (Trading symbol) (Exchange on which registered) 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 Rule12b-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 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, shal