{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-213187","form_type":"8-K","ticker":"FTV","cik":"0001659166","company_name":"Fortive Corp","filed_at":"2024-09-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.005563+00:00","generated_at":"2026-05-31T06:27:12.880445+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Fortive to spin off Precision Technologies into NewCo; CEO Lico to retire, Soroye to take over","bullets":["Plans tax-free spin-off of Precision Technologies segment into a separate public company, targeting Q4 2025 completion.","CEO Jim Lico to retire at spin completion; Olumide Soroye to become Fortive CEO; Tami Newcombe to lead NewCo.","CFO Chuck McLaughlin to retire by end of Q1 2025.","Reaffirms Q3 and full-year 2024 outlook; plans to use ~75% of free cash flow for share repurchases until spin.","Remaining Fortive will have ~50% recurring revenue; NewCo to focus on secular trends in test & measurement, aerospace and defense."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-213187","json":"https://secwatch.observer/filing/0001193125-24-213187.json","markdown":"https://secwatch.observer/filing/0001193125-24-213187.md","text":"https://secwatch.observer/filing/0001193125-24-213187.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1659166/000119312524213187/0001193125-24-213187-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1659166/000119312524213187/d875611d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T06:27:12.880445+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"29c397597b","claim":"James A. Lico departed as President and Chief Executive Officer at Fortive Corp.","evidence_excerpt":"On August 31, 2024, James A. Lico notified the Board of Directors of Fortive Corporation (the “Company” or “Fortive”) of his decision to retire as President and Chief Executive Officer, and as a director, of the Company, effective upon the consummation of the proposed spin-off","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1659166/000119312524213187/0001193125-24-213187-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"4d29a68bb3","claim":"Charles E. McLaughlin departed as Senior Vice President and Chief Financial Officer at Fortive Corp.","evidence_excerpt":"In addition, on August 30, 2024, Charles E. McLaughlin notified the Company of his decision to retire as Senior Vice President and Chief Financial Officer of the Company by the end of the first quarter of 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1659166/000119312524213187/0001193125-24-213187-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"Senior Vice President and Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"70636170e0","claim":"James A. Lico departed as Director at Fortive Corp.","evidence_excerpt":"On August 31, 2024, James A. Lico notified the Board of Directors of Fortive Corporation (the “Company” or “Fortive”) of his decision to retire as President and Chief Executive Officer, and as a director, of the Company, effective upon the consummation of the proposed spin-off","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1659166/000119312524213187/0001193125-24-213187-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}