AI English summary of an SEC filing — figures as filed

TE Connectivity said its Board of Directors unanimously approved on March March 14, 2024 changing the company's jurisdiction of incorporation from Switzerland to Ireland, and that on March 18 it entered into a merger agreement with TE Connectivity plc, an Irish public limited company.

8-KEntry into a Material Definitive AgreementFiled Mar 18, 2024Period of report Mar 18, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

TE Connectivity said its Board of Directors unanimously approved on March March 14, 2024 changing the company's jurisdiction of incorporation from Switzerland to Ireland, and that on March 18 it entered into a merger agreement with TE Connectivity plc, an Irish public limited company.
The company said that in the merger, the Swiss company will be merged into the Irish company, which will survive, and each registered share will be exchanged for 1 ordinary share of the Irish company. Treasury shares will be cancelled, and no ordinary shares will be allotted for them.
The company said it expects the ordinary shares of the Irish company to be listed and traded on the NYSE under the same ticker, "TEL". It also said that after the merger it will continue the same businesses through its subsidiaries, remain subject to SEC reporting requirements, and continue to report consolidated financial results in U.S. dollars under U.S. GAAP.
The company said the merger is subject to approval by shareholders at an extraordinary general meeting expected to be held on or about June 12, 2024 and to other customary closing conditions. It said it expects to complete the merger by the end of the calendar year if shareholders approve the proposal. It also said it may abandon the merger at any time before shareholder approval and, in some circumstances, after obtaining approval.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

TE Connectivity Approves Switch to Irish Incorporation and Signs Merger Agreement

TE Connectivity said its Board of Directors unanimously approved on March March 14, 2024 changing the company's jurisdiction of incorporation from Switzerland to Ireland, and that on March 18 it entered into a merger agreement with TE Connectivity plc, an Irish public limited company.

Source · Based on the filing body and exhibits

Merger Structure and Share Exchange Terms

The company said that in the merger, the Swiss company will be merged into the Irish company, which will survive, and each registered share will be exchanged for 1 ordinary share of the Irish company. Treasury shares will be cancelled, and no ordinary shares will be allotted for them.

Source · Based on the filing body and exhibits

NYSE Listing Continuity and Existing Business and Reporting

The company said it expects the ordinary shares of the Irish company to be listed and traded on the NYSE under the same ticker, "TEL". It also said that after the merger it will continue the same businesses through its subsidiaries, remain subject to SEC reporting requirements, and continue to report consolidated financial results in U.S. dollars under U.S. GAAP.

Source · Based on the filing body and exhibits

Shareholder Meeting Timing and Expected Completion

The company said the merger is subject to approval by shareholders at an extraordinary general meeting expected to be held on or about June 12, 2024 and to other customary closing conditions. It said it expects to complete the merger by the end of the calendar year if shareholders approve the proposal. It also said it may abandon the merger at any time before shareholder approval and, in some circumstances, after obtaining approval.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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