Spin-off - Aptiv PLC

Form Type: DEF 14A

Filing Date: 2025-03-10

Corporate Action: Spin-off

Type: New

Accession Number: 000095017025036263

Filing Summary: Aptiv PLC is holding its Annual General Meeting on April 23, 2025, in Zurich, Switzerland. Shareholders are invited to vote on several resolutions, including the election of directors and the ratification of auditors. Major changes are ahead with the planned spin-off of the Electrical Distribution Systems (EDS) business, marking a significant strategic separation intended to allow both Aptiv and EDS to focus more effectively on their respective markets. The meeting agenda includes ordinary resolutions for the election of 10 directors, with an additional advisory resolution regarding executive compensation. Key executives include Kevin P. Clark, who will lead the meeting. The record date for voting is February 28, 2025. The company's proxy statement is available on its website, and shareholders are encouraged to vote via proxy to ensure their representation.

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Additional details:

Meeting Date: 2025-04-23

Location: The Dolder Grand, Zurich, Switzerland

Record Date: 2025-02-28

Directors Elected: ["Kevin P. Clark","Nancy E. Cooper","Joseph L. Hooley","Vasumati P. Jakkal","Merit E. Janow","Sean O. Mahoney","Paul M. Meister","Robert K. Ortberg","Colin J. Parris","Ana G. Pinczuk"]

Audit Firm Ratification: Ernst & Young LLP

Executive Compensation Approval: advisory, non-binding

Shareholders Invited To Vote: via proxy, telephone, or internet

Form Type: 8-K

Filing Date: 2025-02-06

Corporate Action: Spin-off

Type: Update

Accession Number: 000152133225000006

Filing Summary: On February 6, 2025, Aptiv PLC reported its financial results for the fourth quarter and the year ended December 31, 2024. In connection with its previously announced planned spin-off of the Electrical Distribution Systems business, the Company is realigning its business into three reportable operating segments: Electrical Distribution Systems, Engineered Components Group, and Advanced Safety and User Experience. Supplemental recast financial information reflecting these segment changes for each quarter of the years ended December 31, 2024, and 2023 is provided as an exhibit. This information will be incorporated into Aptiv's financial statements starting with the first Quarterly Report of 2025.

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Additional details:

Title: press_release_date

Value: February 6, 2025

Title: financial_results_period

Value: Fourth quarter and year ended December 31, 2024

Title: new_segments

Value: Electrical Distribution Systems, Engineered Components Group, Advanced Safety and User Experience

Title: exhibit_numbers

Value: 99.1, 99.2, 104

Form Type: 8-K

Filing Date: 2025-01-22

Corporate Action: Spin-off

Type: New

Accession Number: 000152133225000003

Filing Summary: On January 22, 2025, Aptiv PLC announced its intention to spin off its Electrical Distribution Systems business into a new, independent publicly traded company. Concurrently, the company affirmed its previously issued guidance for the full year ended December 31, 2024. The details of this corporate action and other financial conditions were elaborated in a press release attached as an exhibit.

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