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

From the Filing

0000773840-24-000086.txt : 20240905 0000773840-24-000086.hdr.sgml : 20240905 20240905060949 ACCESSION NUMBER: 0000773840-24-000086 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240905 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240905 DATE AS OF CHANGE: 20240905 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HONEYWELL INTERNATIONAL INC CENTRAL INDEX KEY: 0000773840 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT ENGINES & ENGINE PARTS [3724] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 222640650 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08974 FILM NUMBER: 241279768 BUSINESS ADDRESS: STREET 1: 855 S. MINT STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 704-627-6200 MAIL ADDRESS: STREET 1: 855 S. MINT STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 FORMER COMPANY: FORMER CONFORMED NAME: ALLIEDSIGNAL INC DATE OF NAME CHANGE: 19940929 8-K 1 hon-20240905.htm 8-K hon-20240905 FALSE 0000773840 0000773840 2024-09-05 2024-09-05 0000773840 us-gaap:CommonStockMember 2024-09-05 2024-09-05 0000773840 hon:A3500SeniorNotesDue2027Member 2024-09-05 2024-09-05 0000773840 hon:Euro225NotesDue2028Member 2024-09-05 2024-09-05 0000773840 hon:Euro3.375SeniorNotesDue2030Member 2024-09-05 2024-09-05 0000773840 hon:Euro75TermLoanDue2032Member 2024-09-05 2024-09-05 0000773840 hon:A3750SeniorNotesDue2032Member 2024-09-05 2024-09-05 0000773840 hon:Euro4125SeniorNotesDue2034Member 2024-09-05 2024-09-05 0000773840 hon:Euro3.75SeniorNotesDue2036Member 2024-09-05 2024-09-05 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)