Amphenol Corp 8-K, filed Aug 3, 2023
Amphenol Corp /De/ (APH)
About this 8-K
Amphenol Corp filed this 8-K on August 3, 2023.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 8.01. Other Events.
On August 3, 2023, Amphenol Corporation (the “Company”) reached an agreement with the U.S. government to settle a long-standing and previously disclosed False Claims Act investigation involving allegations of various Company actions and inactions through 2017 related to the several “stop shipment” orders regarding certain military connector products that were received by the Company in March 2016 and lifted by the U.S. government for all affected products over a period from April 2016 through January 2017. Under the terms of the settlement agreement, the Company did not admit to any liability, but agreed to pay the government a settlement amount of $18 million. The settlement ends the government's investigation and releases the Company from further liability for the issues under investigation. Based on the terms of the agreement, the Company expects to pay the settlement amount during the third quarter of 2023. The settlement amount was fully reserved prior to 2023 and, as a result, the payment will have no impact on the Company's third quarter or full year 2023 earnings.
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.
| | AMPHENOL CORPORATION |
| | |
| | |
| By: | /s/ Lance E. D’Amico |
| | Lance E. D’Amico |
| | Senior Vice President, Secretary and General Counsel |
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Date: August 3, 2023 | | |