Form 8-K - Current report
18 November 2024 - 1:32PM
Edgar (US Regulatory)
0001674101FALSE00016741012024-11-182024-11-18
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UNITED STATES |
SECURITIES AND EXCHANGE COMMISSION |
Washington, D.C. 20549 |
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FORM 8-K |
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CURRENT REPORT |
PURSUANT TO SECTION 13 OR 15(d) OF THE |
SECURITIES EXCHANGE ACT OF 1934 |
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Date of Report (Date of earliest event reported): November 18, 2024 |
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VERTIV HOLDINGS CO |
Exact name of registrant as specified in its charter |
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Delaware | | 001-38518 | | 81-2376902 |
(State or other Jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification Number) |
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505 N. Cleveland Ave, Westerville, Ohio 43082 |
(Address of principal executive offices, including zip code) |
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Registrant's telephone number, including area code: 614-888-0246 |
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Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: |
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☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Securities registered pursuant to Section 12(b) of the Act: |
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Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
Class A common stock, $0.0001 par value per share | | VRT | | New York Stock Exchange |
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Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). |
| | | | Emerging growth company | ☐ |
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If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ |
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Item 7.01 Regulation FD Disclosure
On November 18, 2024, Vertiv Holdings Co, a Delaware corporation (the “Company”), issued a press release announcing that its Board of Directors has raised its regular annual dividend from $0.10 to $0.15 per share, to be declared and paid quarterly. The increase will be effective starting with the fourth-quarter dividend of $0.0375 per share of Class A common stock, which was declared today by the Board of Directors, and is payable on December 19, 2024, to shareholders of record of Class A common stock at the close of business on December 3, 2024. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference in its entirety. The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.
Item 9.01 (d) Financial Statements and Exhibits
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Exhibit No. | | Exhibit Description |
99.1 | | |
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104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
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Date: November 18, 2024 | Vertiv Holdings Co |
| /s/ David Fallon |
| Name: David Fallon |
| Title: Chief Financial Officer |
Vertiv Hosts Investor Event and Announces Quarterly Dividend
New York November 18, 2024 – Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, will host its previously announced Investor Event today in Atlanta beginning at 2:30 p.m. Eastern Time. The Investor Event is being held in conjunction with SC24: International Conference for High Performance Computing, Networking, Storage and Analysis, where Vertiv is exhibiting its latest technology showcase. At the event and in the presentation materials, Vertiv’s management team will update investors on the Company’s vision and strategy, current business and operations, market opportunities and financial performance, including guidance. As previously announced, a webcast of the live event and presentation materials will be accessible in the Investor Relations section of Vertiv’s website at investors.vertiv.com at approximately 2:15 pm Eastern Time, and a replay of Vertiv’s 2024 Investor Event will also be available for 30 days following the webcast.
Reflecting the company’s strong financial performance and cash flow, Vertiv’s Board of Directors has raised its regular annual cash dividend by 50% from $0.10 to $0.15 per share, to be declared and paid quarterly. The increase will be effective starting with the fourth-quarter cash dividend of $0.0375 per share of Class A common stock, which was declared by the Board of Directors today, and is payable on December 19, 2024, to shareholders of record of Class A common stock at the close of business on December 3, 2024.
About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit vertiv.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
For investor inquiries, please contact:
Lynne Maxeiner
Vice President, Global Treasury & Investor Relations
Vertiv
T +1 614-841-6776
E : lynne.maxeiner@vertiv.com
For media inquiries, please contact:
Peter Poulos
FleishmanHillard for Vertiv
T +1 646-284-4991
E: peter.poulos@fleishman.com
Source: Vertiv Holdings Co
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