Axalta Coating Systems Ltd. Files 8-K

TL;DR

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

AI Summary

Axalta Coating Systems Ltd. filed an 8-K on January 21, 2025, to report information under Regulation FD and to file financial statements and exhibits. The filing does not contain specific financial details or material events beyond its procedural nature.

Why It Matters

This filing indicates Axalta Coating Systems Ltd. is adhering to its reporting obligations with the SEC, which is standard practice for publicly traded companies.

Risk Assessment

Risk Level: low — This is a standard procedural filing with no new material information or financial disclosures that would impact risk.

Key Players & Entities

• Axalta Coating Systems Ltd. (company) — Registrant
• 1050 Constitution Avenue (location) — Principal executive offices address
• Philadelphia, Pennsylvania (location) — Principal executive offices city and state
• January 21, 2025 (date) — Date of report

FAQ

From the Filing

0001616862-25-000004.txt : 20250121 0001616862-25-000004.hdr.sgml : 20250121 20250121161541 ACCESSION NUMBER: 0001616862-25-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250121 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250121 DATE AS OF CHANGE: 20250121 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: 25542661 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-20250121.htm 8-K axta-20250121 0001616862 false false 0001616862 2025-01-21 2025-01-21 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) January 21, 2025 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. Non-GAAP Financial Metrics Presentation Changes Effective with the reporting of fourth quarter and full-year 2024 financial results, Axalta Coating Systems Ltd. (“Axalta” or the “Company”) will be changing the presentation of certain of its non-GAAP financial metrics. In order to align more closely with the Company’s peers and market practice, as well as following the resolution of a comment letter from the U.S. Securities and Exchange Commission (“SEC”), the Company will cease the adjustment for step-up depreciation and amortization from the acquisition of DuPont Performance Coatings in the calculation of Adjusted EBIT and Adjusted Net Income. Concurrently, Axalta will begin to adjust fo