UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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The Securities Exchange Act of 1934
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Emerging growth company
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Item 8.01. Other Events.
On August 3, 2023, Amphenol Corporation (the “Company”) reached an agreement with the U.S. government to settle a long-standing and previously disclosed False Claims Act investigation involving allegations of various Company actions and inactions through 2017 related to the several “stop shipment” orders regarding certain military connector products that were received by the Company in March 2016 and lifted by the U.S. government for all affected products over a period from April 2016 through January 2017. Under the terms of the settlement agreement, the Company did not admit to any liability, but agreed to pay the government a settlement amount of $18 million. The settlement ends the government's investigation and releases the Company from further liability for the issues under investigation. Based on the terms of the agreement, the Company expects to pay the settlement amount during the third quarter of 2023. The settlement amount was fully reserved prior to 2023 and, as a result, the payment will have no impact on the Company's third quarter or full year 2023 earnings.
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.
AMPHENOL CORPORATION | ||
By: | /s/ Lance E. D’Amico | |
Lance E. D’Amico | ||
Senior Vice President, Secretary and General Counsel | ||
Date: August 3, 2023 |
Document and Entity Information |
Aug. 03, 2023 |
|---|---|
| Document and Entity Information [Abstract] | |
| Document Type | 8-K |
| Document Period End Date | Aug. 03, 2023 |
| Entity File Number | 1-10879 |
| Entity Registrant Name | AMPHENOL CORPORATION |
| Entity Incorporation, State or Country Code | DE |
| Entity Tax Identification Number | 22-2785165 |
| Entity Address, Address Line One | 358 Hall Avenue |
| Entity Address, City or Town | Wallingford |
| Entity Address, State or Province | CT |
| Entity Address, Postal Zip Code | 06492 |
| City Area Code | 203 |
| Local Phone Number | 265-8900 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Class A Common Stock, $0.001 par value |
| Trading Symbol | APH |
| Security Exchange Name | NYSE |
| Entity Emerging Growth Company | false |
| Entity Central Index Key | 0000820313 |
| Amendment Flag | false |
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