-----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, VvgNDKaRv5+nS1tBQKq4uzga3C4zNADoViUrN8Hs3yJWUHIutO0VPcw6WLjqyy/4 i1Z2y0XQRaai+LElV6f1Ew== 0001104659-07-044409.txt : 20070531 0001104659-07-044409.hdr.sgml : 20070531 20070531172814 ACCESSION NUMBER: 0001104659-07-044409 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070531 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070531 DATE AS OF CHANGE: 20070531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TYCO INTERNATIONAL LTD /BER/ CENTRAL INDEX KEY: 0000833444 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC CONNECTORS [3678] IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13836 FILM NUMBER: 07891830 BUSINESS ADDRESS: STREET 1: 90 PITTS BAY ROAD STREET 2: THE ZURICH CENTRE SECOND FLOOR CITY: PEMROKE HM 08 BERMU STATE: D0 BUSINESS PHONE: 4412928674 MAIL ADDRESS: STREET 1: C/O TYCO INTERNATIONAL (US) INC STREET 2: ONE TYCO PARK CITY: EXETER STATE: NH ZIP: 03833 FORMER COMPANY: FORMER CONFORMED NAME: ADT LIMITED DATE OF NAME CHANGE: 19930601 8-K 1 a07-15359_48k.htm 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): May 31, 2007

TYCO INTERNATIONAL LTD.
(Exact Name of Registrant as Specified in its Charter)

Bermuda

 

98-0390500

(Jurisdiction of Incorporation)

 

(IRS Employer Identification Number)

 

001-13836
(Commission File Number)

Second Floor, 90 Pitts Bay Road
Pembroke, HM 08, Bermuda
(Address of Principal Executive Offices, including Zip Code)

441-292-8674
(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:

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o            Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act (17 CFR 240.14d-2 (b))

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 




 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 31, 2007, Tyco International Ltd. issued a press release announcing that David E. Robinson, Tyco’s President of Fire and Security since March 2003, will leave the Company before the end of fiscal year 2007.

Tyco also announced the appointment of Naren Gursahaney, 45, Dean Seavers, 46, George Oliver, 46, and Patrick Decker, 42, to executive positions in the Company, effective June 7, 2007, as further described in the press release attached as an exhibit to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

                (c) Exhibits

Exhibit No. Description

99.1         Press release issued May 31, 2007

 

2




 

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.

 

TYCO INTERNATIONAL LTD.

 

 

(Registrant)

 

 

 

 

 

 

 

By:

 

/s/ John S. Jenkins

 

 

 

 

John S. Jenkins

 

 

 

 

Vice President and Corporate Secretary

 

 

 

 

 

 

 

 

 

 

Date: May 31, 2007

 

 

 

 

 

3



EX-99.1 2 a07-15359_4ex99d1.htm EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Contacts:

News Media

Investor Relations

 

Paul Fitzhenry

Ed Arditte

 

609-720-4261

609-720-4621

 

 

Karen Chin

 

 

609-720-4398

 

TYCO INTERNATIONAL ANNOUNCES NEW OPERATIONAL LEADERSHIP TEAM

PEMBROKE, Bermuda - May 31, 2007 - Tyco International Ltd. (“Tyco”) (NYSE: TYC; BSX: TYC) today announced a number of operational leadership appointments in preparation for the company’s separation into three publicly traded companies. The organizational changes will align Tyco International’s operational leadership with the company’s post separation structure consisting of ADT Worldwide, Fire Protection Services, Flow Control, Safety Products, and Electrical and Metal Products.

“As we approach the final stages of our separation, the appointments we are announcing today provide Tyco International with strong operational leadership to achieve our long-term goals,” said Ed Breen, Tyco’s Chairman and Chief Executive Officer. “These changes are the latest in a series of steps we have taken over the last year to create a more lean and efficient organization for Tyco International.”

The organizational changes include the appointment of the following executives to positions reporting to Breen:

·                  Naren Gursahaney, 45, is appointed President of ADT Worldwide including ADT North America and all of Tyco’s Fire & Security operations outside North America.  Gursahaney joined Tyco International in 2003 and led Tyco’s worldwide Operational Excellence efforts prior to being named President of Tyco Flow Control in January 2005. He was named President of Tyco Engineered Products & Services in January 2006. Prior to joining Tyco, Gursahaney spent 10 years at General Electric where he held a number of senior leadership roles in the Power Systems and Medical Systems divisions including the position of President and CEO of General Electric Medical Systems — Asia.

·                  Dean Seavers, 46, President of SimplexGrinnell will continue in his current role and will now report to Breen. Seavers joined Tyco in 1999 and became Senior Vice President of




 

Operations for the Southeast U.S. Region in the ADT business in July 2001 before moving to SimplexGrinnell as President in February 2004.  Prior to joining Tyco, Seavers held key operational roles with Ford Motor Company and PepsiCo.

·                  George Oliver, 46, President of Tyco Safety Products since July 2006 will continue in his current role and will assume added responsibility for Tyco Electrical and Metal Products. Oliver joined Tyco in 2006 after a 24-year career with General Electric where he was President and CEO of GE’s Water and Process Technologies division from 2002 to 2006. At GE, he also held senior operational positions of increasing responsibility within the Aircraft Engines and Consumer Products divisions.

·                  Patrick Decker, 42, is appointed President of Tyco Flow Control. Decker joined Tyco in May 2003 as the Chief Financial Officer of Tyco’s Plastics & Adhesives business and was named CFO of the Engineered Products and Services business in January 2005. Prior to joining Tyco, Patrick spent 13 years at Bristol-Myers Squibb in a series of key finance roles both in the U.S. and internationally including Vice President of Finance and Business Development for the Mead Johnson Nutritionals business.

As a result of these organizational changes, Dave Robinson, President of Fire & Security, will leave Tyco by the end of the fiscal year.  Robinson joined Tyco in 2002 and has served in the Fire & Security role since 2003.  Stated Breen: “Dave assumed his responsibilities at a difficult time and has been instrumental in stabilizing the business and building a foundation for the future. We thank Dave for his leadership of the Fire & Security segment as we prepare to transition to our new Tyco International structure.”

About Tyco

Tyco International Ltd. is a global, diversified company that provides vital products and services to customers in four business segments: Electronics, Fire & Security, Healthcare, and Engineered Products & Services.  With 2006 revenue of $41 billion, Tyco employs approximately 240,000 people worldwide.  More information on Tyco can be found at www.tyco.com.

Forward-Looking Statements

This release may contain certain forward-looking statements. These statements are based on management’s current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. The forward-looking statements in this release include statements addressing the following subjects: future financial condition and operating results. Economic, business, competitive and/or regulatory factors affecting Tyco’s businesses are examples of factors, among others, that could cause actual results to differ materially from those described in the forward-looking statements. Tyco is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. More detailed information about these and other factors is set forth in Tyco’s Annual Report on Form 10-K and 10-K/A for the fiscal year ended Sept. 29, 2006 and in Tyco’s Quarterly Report on Form 10-Q and for the fiscal quarter ended March 30, 2007.




 

#  #  #

Tyco International Ltd. has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Tyco has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, and underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling collect 1-609-720-4333.

 



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