HONEYWELL INTERNATIONAL INC 8-K

What Happened
Honeywell International Inc. announced the completion of the previously disclosed spin-off of its Aerospace Technologies business. Effective 12:01 a.m. New York City time on June 29, 2026, Honeywell Aerospace was distributed pro rata to Honeywell shareowners (one Aerospace share for every two Honeywell shares) and began trading on Nasdaq under the ticker "HONA" (CUSIP 43849R105). Honeywell International now operates as Honeywell Technologies and does not retain any Aerospace shares or consolidate Honeywell Aerospace. Immediately following the Distribution, at 12:02 a.m. on June 29, 2026, Honeywell implemented a 1-for-2 reverse stock split of its Company Common Stock (authorized shares reduced from 2 billion to 1 billion; new CUSIP 438516205).

Key Details

• Distribution ratio and record date: 1 share of Aerospace Common Stock for every 2 shares of Honeywell Common Stock; record date was June 15, 2026.
• Ticker/CUSIPs: Honeywell Aerospace (HONA) CUSIP 43849R105; post‑split Honeywell Common Stock CUSIP 438516205; Honeywell continues trading as "HON".
• Fractional shares: No fractional shares were issued for either the Distribution or reverse split; transfer agents will aggregate fractions, sell whole shares in the open market, and distribute net cash proceeds (no interest).
• Corporate and governance: Honeywell entered separation, tax and trademark license agreements with Honeywell Aerospace (including a Separation and Distribution Agreement and a Tax Matters Agreement). James Currier resigned as an executive officer of Honeywell International to become President & CEO of Honeywell Aerospace.
• Reporting and filings: Aerospace will be reported as discontinued operations beginning Q3 2026, with retrospective recast comparatives; the company filed supplemental unaudited segment and pro forma financial information (Exhibits 99.2 and 99.3).

Why It Matters
For investors, the spin-off creates two separate publicly traded companies: Honeywell Aerospace (HONA) and Honeywell Technologies (HON). Holders of pre‑split Honeywell shares received HONA shares according to the stated ratio and will see Honeywell’s share count and per‑share figures adjusted by the 1-for-2 reverse split. Financial reporting will change—Aerospace will be shown as discontinued operations (affecting historical comparatives) and pro forma financials are provided to help evaluate the two companies post‑transaction. The leadership move (James Currier to CEO of Aerospace) and the separation agreements govern ongoing relationships between the companies and are relevant to future operations and costs.