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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): September 7, 2023
www.carlisle.com
CARLISLE COMPANIES INCORPORATED
(Exact name of registrant as specified in its charter)
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Delaware |
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001-09278 |
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31-1168055 |
(State or other jurisdiction of incorporation or organization) |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
16430 North Scottsdale Road, Suite 400, Scottsdale, Arizona 85254
(Address of principal executive offices, including zip code)
480-781-5000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class |
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Name of exchange on which registered |
Common stock, $1 par value |
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CSL |
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New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
☐ Emerging growth company
☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01. Other Events
On September 7, 2023, Carlisle Companies Incorporated (the "Company") announced that it is commencing a process to sell Carlisle Interconnect Technologies ("CIT").
A copy of the related press release the Company issued announcing this authorization is filed with this report as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Exhibit Number |
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Exhibit Title |
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Press release of Carlisle Companies Incorporated dated September 7, 2023. |
104 |
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Cover page interactive data file (embedded within the inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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CARLISLE COMPANIES INCORPORATED |
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Date: |
September 7, 2023 |
By: |
/s/ Kevin P. Zdimal |
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Kevin P. Zdimal |
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Vice President and Chief Financial Officer |
EX-99.1
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exhibit991-cslannouncespro.htm
EX-99.1
Document
9/7/23
Carlisle Companies Announces a Process to Sell Carlisle Interconnect Technologies
SCOTTSDALE, ARIZONA, September 7, 2023 - Carlisle Companies Incorporated (NYSE:CSL) today announced that it is commencing a process to sell Carlisle Interconnect Technologies (“CIT”).
CIT designs and manufactures high-performance wire and cable, including optical fiber for the commercial aerospace, military and defense electronics, medical device, industrial and test & measurement markets. CIT’s product portfolio also includes sensors, connectors, contacts, cable assemblies, complex harnesses, racks, trays and installation kits. CIT also provides engineering and certification services to its customers.
Chris Koch, Chair, President and Chief Executive Officer, said “Our announced plan to sell CIT and completion of a transaction will be the final step in accomplishing Carlisle’s pivot to a pure play building products company employing a superior capital allocation approach to investments. CIT is an excellent business operating in the highly desirable aerospace and medical segments with excellent growth prospects.”
Forward Looking Statements
This press release contains forward-looking statements, including those with respect to the intended sale of CIT and the timing of the process and completion of a transaction. These statements represent only Carlisle’s current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Carlisle’s control. Actual results could differ materially from those reflected in this press release for various reasons, including the failure of the sale process to secure a qualified buyer for CIT, the failure to sign a definitive agreement to sell CIT, and the failure to close a transaction for the sale of CIT. Carlisle disclaims any obligation to update forward-looking statements except as required by law.
About Carlisle Companies Incorporated
Carlisle Companies Incorporated is a leading supplier of innovative building envelope products and solutions for more energy efficient buildings. Through its building products businesses – Carlisle Construction Materials and Carlisle Weatherproofing Technologies – and family of leading brands, Carlisle delivers innovative, labor-reducing and environmentally responsible products and solutions to customers through the Carlisle Experience. Carlisle is committed to generating superior shareholder returns and maintaining a balanced capital deployment approach, including investments in our businesses, strategic acquisitions, share repurchases and continued dividend increases. Carlisle is also a leading provider of products to the aerospace and medical technologies markets through its Carlisle Interconnect Technologies business segment. Leveraging its culture of continuous improvement as embodied in the Carlisle Operating System, Carlisle has committed to achieving net-zero greenhouse gas emissions by 2050.
Contact: Mehul Patel
Vice President, Investor Relations
Carlisle Companies Incorporated
(310) 592-9668
mpatel@carlisle.com