UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| ITEM 7.01 | Regulation FD |
On March 30, 2022, Crane Co. (the “Company”) issued a press release (the “Press Release”) announcing its intention to pursue a plan to spin-off the Company’s Aerospace & Electronics and Process Flow Technologies segments to the Company’s stockholders. The spin-off is expected to be tax-free to the Company and its stockholders for U.S. federal income tax purposes and is expected to be completed within approximately 12 months. Completion of the spin-off is subject to customary closing conditions and regulatory approvals.
A copy of the Press Release is furnished herewith as Exhibit 99.1.
The information set forth in this Item 7.01 and in the Press Release, furnished herewith as Exhibit 99.1, is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information set forth in this Item 7.01, including Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing.
| ITEM 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit No. |
Exhibit | |
| 99.1 | Press Release dated March 30, 2022 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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SIGNATURES
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.
| CRANE CO. | ||||||||
| March 30, 2022 | ||||||||
| By: | /s/ Anthony M. D’Iorio | |||||||
| Name: | Anthony M. D’Iorio | |||||||
| Title: | Senior Vice President, | |||||||
| General Counsel and Secretary | ||||||||
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