Spin-off - DuPont de Nemours, Inc.
Form Type: 10-Q
Filing Date: 2025-05-02
Corporate Action: Spin-off
Type: New
Accession Number: 000166670025000020
Filing Summary: On January 15, 2025, DuPont announced an Intended Electronics Separation, targeting completion by November 1, 2025. The separation will not require shareholder approval and is contingent upon customary conditions such as board approval, tax opinions, regulatory approvals, and financing completion. As part of this process, DuPont will realign its management and reporting structure, with changes effective in Q1 2025. The financial results will now reflect a new two-segment reporting structure, where the Electronics business is reported separately from other operations. This adjustment reflects the preparatory steps towards the separation and aims to enhance the clarity of financial reporting related to the different segments of DuPont's business operations. The document contains forward-looking statements acknowledging uncertainties surrounding the completion and success of the Intended Electronics Separation, including potential impacts on resources and financial performance.
Additional details:
Management Realignment: Yes
Separation Target Date: 2025-11-01
Board Approval Required: No
Reporting Structure Change: Yes
Segment Reporting Structure: Two-segment reporting
Form Type: 8-K
Filing Date: 2025-03-17
Corporate Action: Spin-off
Type: New
Accession Number: 000166670025000009
Filing Summary: On March 17, 2025, DuPont de Nemours, Inc. announced the impending separation of its electronics business into an independent, publicly traded company, referred to as the Intended Electronics Separation. As a result of this separation, Leland G. Weaver, President of the Water & Protection segment, will leave the Company. Until a successor is named, he will serve as President of the Diversified Solutions businesses which include several segments and retained businesses. Mr. Weaver's departure will be classified as a separation from service without cause under the terms of the DuPont Senior Executive Severance Plan.
Additional details:
Title: name_of_officer
Value: Leland G. Weaver
Title: current_position
Value: President of the Water & Protection segment
Title: effective_date
Value: 2025-03-17
Title: transitional_role
Value: President of the Diversified Solutions businesses
Title: separation_type
Value: without cause
Title: severance_plan
Value: DuPont Senior Executive Severance Plan
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