---
schema_version: "secwatch.filing_event.v1"
accession: "0000200406-23-000086"
form_type: "8-K"
ticker: "JNJ"
cik: "0000200406"
company_name: "JOHNSON & JOHNSON"
filed_at: "2023-08-25T23:59:59+00:00"
generated_at: "2026-06-11T03:43:24.616237+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Johnson & Johnson completes split-off exchange of 1.53B Kenvue shares for 190.96M JNJ shares

## Summary
- Completed split-off exchange offer on Aug 23, 2023: exchanged 1,533,830,450 Kenvue shares for 190,955,435 JNJ shares.
- Transaction effectively separates Kenvue (consumer health) from JNJ, reducing JNJ share count by ~190.96M shares.
- Kenvue common stock now held by former JNJ shareholders who tendered shares in the exchange offer.

## SEC filing metadata
- accession: 0000200406-23-000086
- form_type: 8-K
- ticker: JNJ
- cik: 0000200406
- company_name: JOHNSON & JOHNSON
- filed_at: 2023-08-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/200406/000020040623000086/0000200406-23-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/200406/000020040623000086/jnj-20230823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000200406-23-000086
- JSON: https://secwatch.observer/filing/0000200406-23-000086.json
- Plain text: https://secwatch.observer/filing/0000200406-23-000086.txt

## Key facts
- M&A Transactions
  JOHNSON & JOHNSON completed a disposition involving Johnson & Johnson shareholders (closed 2023-08-23).
  - Action: disposition
  - Counterparty: Johnson & Johnson shareholders
  - Closing: 2023-08-23
  source text: On August 23, 2023, Johnson & Johnson completed its previously announced split-off exchange offer of 1,533,830,450 shares of common stock of Kenvue Inc. (“Kenvue”), pursuant to which Johnson & Johnson accepted an aggregate of 190,955,435 shares of Johnson & Johnson common stock from its shareholders in exchange for 1,533,830,450 shares of Kenvue common stock owned by Johnson & Johnson.
  evidence_url: https://www.sec.gov/Archives/edgar/data/200406/000020040623000086/0000200406-23-000086-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.