Honeywell to receive $1.59B from Resideo to terminate indemnification agreement

HONEYWELL INTERNATIONAL INC

One-time cash payment of $1.59 billion from Resideo in lieu of future indemnification payments; closing by August 29, 2025.
Resideo paid $35M quarterly indemnification on July 29, 2025; amounts tolled until closing, due with 5% interest if deal fails.
If closing fails after extensions, Honeywell receives $100M liquidated damages and original indemnification agreement remains in effect.
Bylaws amended to add Senior Management Official designation for U.S. National Industrial Security Program (non-material).

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