---
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"
generated_at: "2026-05-31T06:27:12.880445+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fortive to spin off Precision Technologies into NewCo; CEO Lico to retire, Soroye to take over

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-213187
- JSON: https://secwatch.observer/filing/0001193125-24-213187.json
- Plain text: https://secwatch.observer/filing/0001193125-24-213187.txt

## Key facts
- Executive change
  James A. Lico departed as President and Chief Executive Officer at Fortive Corp.
  - Action: retire
  - Role: President and Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1659166/000119312524213187/0001193125-24-213187-index.htm
- Executive change
  Charles E. McLaughlin departed as Senior Vice President and Chief Financial Officer at Fortive Corp.
  - Action: retire
  - Role: Senior Vice President and Chief Financial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1659166/000119312524213187/0001193125-24-213187-index.htm
- Executive change
  James A. Lico departed as Director at Fortive Corp.
  - Action: retire
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1659166/000119312524213187/0001193125-24-213187-index.htm

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