TEL TE Connectivity plc

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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): October 4, 2024

 

 

 

TE CONNECTIVITY PLC

(Exact name of registrant as specified in its charter)

 

Ireland		98-1779916
(Jurisdiction of Incorporation)		(IRS Employer Identification Number)

 

001-33260

(Commission File Number)

 

Parkmore Business Park West
Parkmore
H91VN2T Ballybrit

Galway, Ireland

(Address of Principal Executive Offices, including Zip Code)

 

+353-91378040

(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 (see General Instruction A.2. below):

 

¨      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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading symbol		Name of each exchange on which registered
Ordinary Shares, Par Value $0.01		TEL		New York Stock Exchange
0.00% Senior Notes due 2025*		TEL/25		New York Stock Exchange
0.00% Senior Notes due 2029*		TEL/29		New York Stock Exchange

 

* Issued by Tyco Electronics Group S.A., an indirect wholly-owned subsidiary of TE Connectivity plc

 

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  ¨

 

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.  ¨

 

 

 

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

 

On October 4, 2024, the Board of Directors (the “Board”) of TE Connectivity plc (the “Company”) appointed Sam Eldessouky as a director of the Company, and the number of directors constituting the full Board was increased from 11 to 12. Mr. Eldessouky was appointed to serve on the Audit Committee and the Joint Committee on Cybersecurity of the Board and will receive compensation for services as a non-employee director of the Company consistent with the compensation generally provided to other non-employee directors of the Company. There are no arrangements or understandings between the new director and any other person pursuant to which he was selected as a director, and there are no transactions involving the Company and the new director that the Company would be required to report pursuant to Item 404(a) of Regulation S-K.

 

Mr. Eldessouky will enter into standard indemnification agreements with the Company and TE Connectivity Corporation, the Company’s wholly owned subsidiary. The Company’s form of deed of indemnification and form of indemnification agreement with TE Connectivity Corporation were filed as Exhibit 10.2 and Exhibit 10.3, respectively, to the Company’s Form 8-K filed with the U.S. Securities and Exchange Commission on September 30, 2024.

 

A copy of the press release announcing the appointment of Mr. Eldessouky is attached hereto as Exhibit 99.1.

 

Item 9.01. Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit No.		Description
99.1		Press release issued on October 4, 2024, announcing the appointment of Sam Eldessouky to the Board of Directors of TE Connectivity plc
104		Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

 

 

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.

 

Date: October 4, 2024	TE CONNECTIVITY PLC
	By:	/s/ Harold G. Barksdale
		Name:	Harold G. Barksdale
		Title:	Vice President and Corporate Secretary

 

 

Exhibit 99.1

 

 

NEWS RELEASE

te.com

 

 

Sam Eldessouky appointed to TE Connectivity Board of Directors

 

GALWAY, Ireland – Oct. 4, 2024 – The board of directors of TE Connectivity plc (NYSE: TEL), a world leader in connectivity and sensors, has appointed Sam Eldessouky, executive vice president and chief financial officer of Bausch + Lomb Corporation to the board, effective Oct. 4, 2024.

 

"We are very pleased to have Sam join as a new director to TE's board," said TE Connectivity Chairman John Davidson. "He brings a range of valuable expertise to the board, including accounting and financial leadership at public companies."

 

Eldessouky has served in his current role at Bausch + Lomb Corporation, a global company that develops, manufactures and markets a range of products, primarily in the areas of eye health, since January 2022. Prior to that, he was the executive vice president and chief financial officer of Bausch Health Companies from 2021 to 2022 and controller and chief accounting officer from 2016 to 2021, responsible for overseeing the global controllership functions, including financial reporting, regional finance and global policies.

 

Previously, Eldessouky spent more than 12 years at Tyco International plc, most recently having served as senior vice president, controller and chief accounting officer from 2012 to 2016. Prior to that, he spent 10 years at PwC, where he held several roles of increasing responsibility and served in PwC’s National Office, providing technical accounting guidance on complex accounting matters. Eldessouky holds a Bachelor of Science in accountancy from Ain Shams University and a master’s degree in accounting and finance from the University of Liverpool. He is a certified public accountant (inactive) and chartered global management accountant.

 

 

 

About TE Connectivity

 

TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. Our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, renewable energy, automated factories, data centers, medical technology and more. With more than 85,000 employees, including 8,000 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat, Instagram and X (formerly Twitter).

 

# # #

 

Contacts:

Media Relations: Eric Mangan TE Connectivity 908-783-6629 Media@te.com

Investor Relations: Sujal Shah TE Connectivity 610-893-9790 Sujal.Shah@te.com

 

 

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Cover	Oct. 04, 2024
Document Type	8-K
Amendment Flag	false
Document Period End Date	Oct. 04, 2024
Entity File Number	001-33260
Entity Registrant Name	TE CONNECTIVITY PLC
Entity Central Index Key	0001385157
Entity Tax Identification Number	98-1779916
Entity Incorporation, State or Country Code	L2
Entity Address, Address Line One	Parkmore Business Park West
Entity Address, Address Line Two	Parkmore
Entity Address, City or Town	Galway
Entity Address, Country	IE
Entity Address, Postal Zip Code	H91VN2T
City Area Code	353
Local Phone Number	91378040
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Common Stock [Member]
Title of 12(b) Security	Ordinary Shares, Par Value $0.01
Trading Symbol	TEL
Security Exchange Name	NYSE
0.00% Senior Notes due 2025 [Member]
Title of 12(b) Security	0.00% Senior Notes due 2025
Trading Symbol	TEL 25
Security Exchange Name	NYSE
0.00% Senior Notes due 2029 [Member]
Title of 12(b) Security	0.00% Senior Notes due 2029
Trading Symbol	TEL 29
Security Exchange Name	NYSE

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