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OFFON

TECHNIPFMC PLC

(FTI)
  Report
Delayed Quote. Delayed Nyse - 10/15 04:10:00 pm
7.9 USD   +1.28%
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TECHNIPFMC PLC : Other Events (form 8-K)

09/08/2021 | 04:39pm EDT
Item 8.01  Other Events
TechnipFMC plc (the "Company") is filing this Current Report on Form 8-K solely
to revise certain financial information and related disclosures included in the
Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2020
originally filed with the U.S. Securities and Exchange Commission (the "SEC") on
March 5, 2021 (the "2020 Form 10-K").
On February 16, 2021, the Company completed the separation of its former Technip
Energies business segment. The transaction was structured as a spin-off (the
"Spin-off"), which occurred by way of a pro rata dividend (the "Distribution")
to its shareholders of 50.1 percent of the outstanding shares of Technip
Energies N.V. Each shareholder of the Company received one ordinary share of
Technip Energies N.V. for every five ordinary shares of the Company held at 5:00
p.m., New York City time on the record date, February 17, 2021. For all periods
presented in this Form 8-K, the historical results of operations of the former
Technip Energies reportable segment and its assets and liabilities have been
included within discontinued operations in the Company's consolidated financial
statements.
This Form 8-K is being filed solely to recast financial information to revise
certain related disclosures contained in the 2020 Form 10-K to reflect the
Spin-off and to reflect the retrospective changes for all periods presented. The
following items of the 2020 Form 10-K are being revised (collectively, the
"Revised Sections") as reflected in Exhibit 99.1 to this Current Report on Form
8-K.
•Part II, Item 7. Management's Discussion and Analysis of Financial Condition
and Results of Operations;
•Part II, Item 7A. Quantitative and Qualitative Disclosures about Market Risk;
•Part II, Item 8. Financial Statements and Supplementary Data; and
•Part IV, Item 15(a)(2), Financial Statement Schedule

The disclosures in the Revised Sections were updated to reflect the Company's results as if the discontinued operations criteria for its former Technip Energies reportable segment had been met during the periods being presented. Other than Note 25 of Part II, Item 8 "Financial Statements and Supplementary Data," the Revised Sections, including Management's Discussion and Analysis of Financial Condition and Results of Operations and the Company's Business Outlook contained therein, do not reflect events occurring after the filing of the 2020 Form 10-K and do not modify or update the disclosures therein in any way for any information, uncertainties, transactions, risks, events or trends occurring, or known to management, other than as specifically required to reflect the discontinued operations presentation. Other than the Revised Sections filed with this Current Report on Form 8-K, all other information in the 2020 Form 10-K remains unchanged and has not been otherwise updated for events occurring after the filing of the 2020 Form 10-K, and continues to speak only as of the original filing date. More recent information, including risk factors, is contained in the Company's quarterly reports on Form 10-Q for the quarterly periods ended March 31, 2021 (the "Q1 Form 10-Q") and June 30, 2021 (the "Q2 Form 10-Q") and other filings made by the Company with the SEC. Such filings contain important information regarding events, developments, and updates affecting the Company and its expectations, including those that have occurred since the filing of the 2020 Form 10-K. Accordingly, this Current Report on Form 8-K should be read in conjunction with the Q1 Form 10-Q, Q2 Form 10-Q and other filings made by the Company with the SEC subsequent to the filing of the 2020 Form 10-K. Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No. Description

23.1 Consent of the Independent Registered Public Accounting Firm

99.1 Revised Sections of the 2020 Form 10-K

104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

--------------------------------------------------------------------------------

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