---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-290052"
form_type: "8-K"
ticker: "HON"
cik: "0000773840"
company_name: "HONEYWELL INTERNATIONAL INC"
filed_at: "2022-11-21T23:59:59+00:00"
generated_at: "2026-06-21T15:24:16.480319+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Honeywell amends $1.325B NARCO asbestos trust buyout, removes March 2023 deadline

## Summary
- Base buyout amount remains $1.325B; automatic termination provision for March 31, 2023 removed.
- Claims funded by Honeywell after March 31, 2023 until closing receive dollar-for-dollar credit against buyout amount.
- HWI net dividends received by trust after March 31, 2023 until closing also reduce buyout dollar-for-dollar.
- After closing, any HWI net sale proceeds and net dividends will be paid to Honeywell.

## SEC filing metadata
- accession: 0001193125-22-290052
- form_type: 8-K
- ticker: HON
- cik: 0000773840
- company_name: HONEYWELL INTERNATIONAL INC
- filed_at: 2022-11-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/773840/000119312522290052/0001193125-22-290052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/773840/000119312522290052/d424061d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-290052
- JSON: https://secwatch.observer/filing/0001193125-22-290052.json
- Plain text: https://secwatch.observer/filing/0001193125-22-290052.txt

## Key facts
- Material Agreements
  HONEYWELL INTERNATIONAL INC amended Amended and Restated Buyout Agreement with North American Refractories Asbestos Personal Injury Settlement Trust, the NARCO Trust Advisory Committee, and Lawrence Fitzpatrick as NARCO Asbestos Future Claimants Representative (effective 2022-11-20).
  - Action: amendment
  - Counterparty: North American Refractories Asbestos Personal Injury Settlement Trust, the NARCO Trust Advisory Committee, and Lawrence Fitzpatrick as NARCO Asbestos Future Claimants Representative
  - Effective: 2022-11-20
  source text: On November 20, 2022, in exchange for the NARCO Trust Advisory Committee (the “TAC”) and Lawrence Fitzpatrick, in his capacity as the NARCO Asbestos Future Claimants Representative (the “FCR”), becoming parties to the Buyout Agreement, Honeywell, the Trust, the TAC, and the FCR entered into an Amended and Restated Buyout Agreement (the “Amended Buyout Agreement”) among other things (i) to remove the provision providing for the automatic termination of the Buyout Agreement if the Buyout Closing has not occurred by March 31, 2023, and instead (ii) to provide for a dollar for dollar credit against the Buyout Amount for (A) the dollar amount of claims against the Trust entered into a payment queue and funded by Honeywell, in each case after March 31, 2023, until the Buyout Closing, and (B) HWI Net Dividends (as defined in the Amended Buyout Agreement) actually received by the Trust after March 31, 2023 until the Buyout Closing.
  evidence_url: https://www.sec.gov/Archives/edgar/data/773840/000119312522290052/0001193125-22-290052-index.htm

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