HONEYWELL INTERNATIONAL INC 8-K
Research Summary
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Honeywell International Announces Aerospace Spin-Off and 1-for-2 Reverse Stock Split
What Happened
- Honeywell International Inc. announced on June 5, 2026 that its Board approved a record date and will proceed with the planned spin-off of its Aerospace Technologies business into a new public company, “Honeywell Aerospace Inc.,” and a 1-for-2 reverse stock split of Honeywell common stock.
- The Board set a Record Date of June 15, 2026 (close of business). The Distribution is expected to be effective at 12:01 a.m. EDT on June 29, 2026; on that date eligible holders are expected to receive one share of Honeywell Aerospace common stock for every two shares of Honeywell common stock they hold (cash paid for any fractional shares). The Reverse Stock Split is expected to be effective at 12:02 a.m. EDT on June 29, 2026, and Honeywell common stock is expected to trade on a split-adjusted basis on Nasdaq under the symbol “HON” at the open on June 29.
Key Details
- Record Date: June 15, 2026 (close of business).
- Distribution ratio: 1 share of Honeywell Aerospace per 2 shares of Honeywell common stock; fractional shares paid in cash.
- Effective times on Expected Distribution Date (June 29, 2026): Distribution at 12:01 a.m. EDT; Reverse Stock Split at 12:02 a.m. EDT.
- New CUSIP for Honeywell common stock after the reverse split: 438516205. Par value of common stock is unchanged. The Authorized Share Reduction approved at the Annual Meeting will also be effected.
Why It Matters
- For shareholders: If you hold Honeywell common stock on June 15, 2026, you are expected to receive Honeywell Aerospace shares at the stated ratio when the spin-off is completed. Expect your Honeywell share count to be halved after the 1-for-2 reverse split (with share prices adjusted accordingly).
- For investors: The spin-off and reverse split are significant corporate actions that will change the company’s structure, share count and the composition of publicly traded securities (separate Honeywell Aerospace shares). Completion is subject to conditions (including a formal Board declaration and other closing conditions), and the company warns the plans could be delayed, modified, or not completed.
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