Item 8.01 Other Events
On May 20, 2021, Navistar International Corporation (the "Company") learned of a
credible potential cybersecurity threat to its information technology system
("IT System"). Upon learning of the cybersecurity threat, the Company launched
an investigation and undertook immediate action in accordance with its
cybersecurity response plan, including employing containment protocols to
mitigate the impact of the potential threat, engaging internal and third-party
information technology security and forensics experts to assess any impact on
the Company's IT System, and utilizing additional security measures to help
safeguard the integrity of its IT System's infrastructure and data contained
therein. To date, the Company's IT System continues to be fully operational.
On May 31, 2021, the Company received a claim that certain data had been
extracted from the Company's IT System. The measures described above are ongoing
as the Company, with the assistance of third-party experts, continues to
investigate and address the scope and impact of the cybersecurity incident. Law
enforcement is aware of the cybersecurity incident.
Forward-Looking Statements
Certain statements in this Current Report on Form 8-K that are not purely
historical may constitute forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995,
each as amended. Forward-looking statements provide current expectations of
future events and include any statement that does not directly relate to any
historical or current fact. Words such as "anticipates," "believes," "expects,"
"intends," "plans," "projects," or other similar expressions may identify such
forward-looking statements. Actual results may differ materially from those
discussed in forward-looking statements as a result of factors, risks and
uncertainties over which the Company has no control. These factors, risks and
uncertainties include, but are not limited to, the ongoing assessment of the
cybersecurity incident, legal, reputational and financial risks resulting from
this and/or additional cybersecurity incidents, the effectiveness of business
continuity plans during the cybersecurity incident, and such other factors as
are set forth in the Company's periodic public filings with the Securities and
Exchange Commission (the "SEC"), including, but not limited to, those described
under the headings "Risk Factors" and "Forward Looking Statements" in its Form
10-K for the fiscal year ended October 31, 2020, which was filed with the SEC on
December 17, 2020, the definitive proxy statement on Schedule 14A, which was
filed with the SEC on January 29, 2021, and in its other filings made with the
SEC from time to time, which are available via the SEC's website at www.sec.gov.
Forward-looking statements reflect the views and assumptions of management as of
the date of communication with respect to future events. The Company does not
undertake, and hereby disclaims, any obligation, unless required to do so by
applicable securities laws, to update any forward-looking statements as a result
of new information, future events or other factors. The inclusion of any
statement in this Current Report on Form 8-K does not constitute an admission by
the Company or any other person that the events or circumstances described in
such statement are material.
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