ITEM 7.01 REGULATION FD DISCLOSURE.
On
The information set forth in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed "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 other filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Forward-Looking Statements
This Current Report on Form 8-K contains "forward-looking" statements related to the Company within the meaning of Section 21E of the Exchange Act and Section 27A of the Securities Act. Forward-looking statements reflect the Company's current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words "believe," "expect," "anticipate," "will," "could," "would," "should," "may," "plan," "estimate," "intend," "predict," "potential," "continue," and the negatives of these words and other similar expressions generally identify forward-looking statements.
It is possible that the Company's future financial performance may differ from
expectations due to a variety of factors including, but not limited to, the
following: (1) the Company's ability to obtain the benefits it anticipates from
the Corporate Modernization, (2) risks inherent in, and potentially adverse
developments related to, the Chapter 11 bankruptcy proceeding involving Paddock,
that could adversely affect the Company and the Company's liquidity or results
of operations, including risks from asbestos-related claimant representatives
asserting claims against the Company and potential for litigation and payment
demands against the Company by such representatives and other third parties, (3)
the Company's ability to accurately estimate its total asbestos-related
liability or to control the timing and occurrence of events related to
outstanding asbestos-related claims, including but not limited to the Company's
obligations to make payments to resolve such claims under the terms of its
support agreement with Paddock, (4) the Company's ability to manage its cost
structure, including its success in implementing restructuring or other plans
aimed at improving the Company's operating efficiency and working capital
management, achieving cost savings, and remaining well-positioned to address the
Company's legacy liabilities, (5) the Company's ability to acquire or divest
businesses, acquire and expand plants, integrate operations of acquired
businesses and achieve expected benefits from acquisitions, divestitures or
expansions, (6) the Company's ability to achieve its strategic plan, (7) foreign
currency fluctuations relative to the
It is not possible to foresee or identify all such factors. Any forward-looking statements in this document are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results or developments may differ materially from expectations. While the Company continually reviews trends and uncertainties affecting the Company's results or operations and financial condition, the Company does not assume any obligation to update or supplement any particular forward-looking statements contained in this document.
ITEM 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 99.1 Frequently Asked Questions, datedMarch 23, 2020 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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