-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, P2beZOBeAsGH57th4goGalF9QXPVf2/hNghLBKmY7kRrjjetRlRkMNNYJx028mYk LxJkoZlalSfIqFJdecyIhg== 0001193125-10-152606.txt : 20100701 0001193125-10-152606.hdr.sgml : 20100701 20100701152333 ACCESSION NUMBER: 0001193125-10-152606 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100701 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100701 DATE AS OF CHANGE: 20100701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MOTOROLA INC CENTRAL INDEX KEY: 0000068505 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 361115800 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07221 FILM NUMBER: 10930662 BUSINESS ADDRESS: STREET 1: 1303 E ALGONQUIN RD CITY: SCHAUMBURG STATE: IL ZIP: 60196 BUSINESS PHONE: 8475765000 MAIL ADDRESS: STREET 1: 1303 EAST ALGONQUIN ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60196 FORMER COMPANY: FORMER CONFORMED NAME: MOTOROLA DELAWARE INC DATE OF NAME CHANGE: 19760414 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): July 1, 2010

 

 

Motorola, Inc.

(Exact Name of Registrant as Specified in Charter)

 

 

DELAWARE

(State or Other Jurisdiction of Incorporation)

 

1-7221   36-1115800
(Commission File Number)   (IRS Employer Identification No.)

 

1303 East Algonquin Road 

Schaumburg, Illinois

  60196
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (847) 576-5000

 

 

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 (see General Instruction A.2. below):

 

¨ 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))

 

 

 


Item 8.01 Other Events

On July 1, 2010, Motorola, Inc. (the “Company”) issued a press release announcing the filing of an initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its previously announced separation of its Mobile Devices and Home businesses.

The Company also announced it will change its name from Motorola, Inc. to Motorola Solutions, Inc. in connection with the separation. Motorola Solutions will consist of the Enterprise Mobility Solutions and Networks businesses.

The Company has established a new wholly owned subsidiary, Motorola SpinCo Holdings Corporation (“Motorola SpinCo”), which filed the Form 10 Registration Statement on July 1, 2010 with the SEC. Motorola SpinCo is the holding company for Motorola Mobility, Inc., its main U.S. operating company. Motorola Mobility will be composed of the Mobile Devices and Home businesses.

The Form 10 Registration Statement contains a preliminary information statement that includes important information about Motorola SpinCo and the separation. Subsequent amendments will be filed. A copy of the Form 10 Registration Statement is available at the SEC’s website at www.sec.gov or on the Company’s website at www.motorola.com/investor.

The full text of the press release is included as Exhibit 99.1 to this Report and is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

 

Exhibit
No.

  

Description

99.1    Press release dated July 1, 2010.


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.

 

  MOTOROLA, INC.
  (Registrant)
  By:  

        /s/ Carol H. Forsyte

    Name:  Carol H. Forsyte
    Title:    Corporate Vice President, Law, Securities
                 Law Department
Dated: July 1, 2010    


EXHIBIT INDEX

 

Exhibit
No.

  

Description

99.1    Press release dated July 1, 2010.
EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

Motorola Announces Filing of Form 10 Registration Statement in Connection With Planned Separation

Mobile Devices and Home Businesses to Form New Company

Separation Remains on Track for First Quarter of 2011

LIBERTYVILLE, Ill. – July 1, 2010 – Motorola, Inc. (NYSE: MOT) today announced the filing of an initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC), marking a milestone in Motorola’s continued progress toward its previously announced Separation. The Mobile Devices and Home businesses will be separated from Motorola and operate as Motorola Mobility.

Motorola also announced it will change its name from Motorola, Inc. to Motorola Solutions, Inc. in connection with the Separation. Motorola Solutions will consist of the Enterprise Mobility Solutions and Networks businesses.

“The filing of the Form 10 Registration Statement is an important achievement in our Separation plan to create two independent, publicly traded companies,” said Sanjay Jha, co-CEO of Motorola. “Mobile Devices has made significant progress in 2010, and we are confident that the Separation is the right strategy for Motorola, our stockholders, our customers, our partners and our employees. Together, Mobile Devices and Home are uniquely positioned to address the opportunities resulting from the convergence of media, mobility, the Internet and computing.”

Greg Brown, co-CEO of Motorola said, “Motorola Solutions will be a world-class company composed of two great businesses. The Enterprise Mobility business is a worldwide leader in providing public safety and enterprise mobility solutions. Our Networks business has a proven track record of technology leadership and solid operating performance. We expect the Separation will further enable these businesses to address the needs of our customers and partners around the world. I thank our dedicated employees, valued customers, and other stakeholders for their continued support.”

“We are very pleased with the significant financial and operational progress that Greg’s and Sanjay’s businesses have accomplished. Upon Separation both businesses will be well capitalized and poised for stand-alone success,” said David Dorman, chairman of Motorola’s Board of Directors.


Motorola has established a new wholly owned subsidiary, Motorola SpinCo Holdings Corporation (Motorola SpinCo), which filed today’s Form 10 Registration Statement. Motorola SpinCo is the holding company for Motorola Mobility, Inc., its main U.S. operating company. Motorola Mobility will be composed of the Mobile Devices and Home businesses. Motorola intends to effect the Separation in the first quarter of 2011 through a distribution of shares in Motorola SpinCo to Motorola stockholders that is tax-free to Motorola stockholders for U.S. federal income tax purposes. Shares will be distributed on a pro rata basis.

Completion of the Separation is subject to a number of customary conditions, including, among others, final approval by Motorola’s Board of Directors, Motorola’s receipt of an IRS ruling or opinion of counsel to the effect that the distribution will qualify as a transaction that is generally tax-free for U.S. federal income tax purposes, as well as effectiveness of the Form 10 Registration Statement filed with the SEC. No assurance can be given that the Separation will be consummated. Approval by Motorola’s stockholders is not required for completion of the Separation.

The Form 10 contains important information about Motorola SpinCo and the Separation. Subsequent amendments will be filed. A copy of the Form 10 is available at the SEC’s website at: www.sec.gov or on the company’s Website at: www.motorola.com/investors.

About Motorola

Motorola is known around the world for innovation in communications and is focused on advancing the way the world connects. From broadband communications infrastructure, enterprise mobility and public safety solutions to mobile and wireline digital communication devices that provide compelling experiences. Motorola is leading the next wave of innovations that enable people, enterprises and governments to be more connected and more mobile. Motorola (NYSE: MOT) had sales of US $22 billion in 2009. For more information, please visit www.motorola.com.

Business Risks

This press release contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements about: the Separation of the Company into two independent, publicly traded companies, the terms and the effect of the Separation, the nature and impact of such a separation, and other possible actions related to the Company’s businesses.


Motorola cautions the reader that the risk factors below, as well as those on pages 17 through 29 in Item 1A of Motorola’s 2009 Annual Report on Form 10-K and in its other filings with the Securities and Exchange Commission (SEC), could cause Motorola’s actual results to differ materially from those estimated or predicted in the forward-looking statements. Factors that may impact forward-looking statements include, but are not limited to: (1) market conditions in general and those applicable to the transaction; (2) tax and regulatory matters; (3) possible negative effects on the Company’s business operations, financial performance or assets as a result of its plan to separate into two independent, publicly traded companies; (4) the economic outlook for the telecommunications and broadband industries; (5) the Company’s ability to improve financial performance in its Mobile Devices businesses and the success of recent product introductions in the Mobile Devices business; (6) the level of demand for the Company’s products, particularly if consumers and businesses defer purchases in response to tighter credit and negative financial news; (7) the Company’s ability to introduce new products and technologies in a timely manner; (8) uncertainties regarding the planned Separation of the Mobile Devices and Home businesses as a new standalone entity, including the timing and terms of any such Separation and whether such Separation will be completed; and (9) uncertainties surrounding the timing and results of the review of the Form 10 Registration Statement by the SEC. Motorola undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.

 

Media contact:

 

Jennifer Erickson

 

Motorola

 

+1 847-435-5320

 

jennifer.erickson@motorola.com

  

Investor contact:

 

Dean Lindroth

 

Motorola

 

+1 847-576-6899

 

dean.lindroth@motorola.com

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