Business Context and Reporting Period
This Form 8-K was filed by Delphi Automotive PLC on November 7, 2017, reporting on an Extraordinary General Meeting of Shareholders held on the same date. The filing documents the shareholder approval of a special resolution to change the company's name to Aptiv PLC, effective upon the completion of the spin-off of its Powertrain Systems segment.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and the name change resolution rather than financial performance.
Material Changes
The primary material change reported is the formal shareholder approval to rebrand the company from Delphi Automotive PLC to Aptiv PLC. This change is contingent upon the successful completion of the spin-off of the Powertrain Systems segment.
Voting Results and Corporate Actions
Shareholders voted overwhelmingly in favor of the name change resolution. The final voting results were as follows:
- For: 235,076,851
- Against: 73,804
- Abstain: 87,150
- Broker Non-Votes: 0
The resolution also mandates that all references in the company's memorandum and articles of association be updated to reflect the new name, Aptiv PLC.
Investor Verification Checklist
- Confirm the effective date of the name change to Aptiv PLC, which is tied to the completion of the Powertrain Systems spin-off.
- Verify the updated ticker symbol and trading status for Aptiv PLC following the spin-off.
- Review subsequent filings for details on the structure and timeline of the Powertrain Systems segment separation.
- Check for any regulatory approvals required in jurisdictions other than the UK for the name change and spin-off.