8-K
filed June 4, 2026, 4:18 PM ET
ticker REZI
CIK 0001740332
debt
confidence high
sentiment neutral
materiality 0.75
Resideo enters $2.827B credit amendment to facilitate ADI spin-off; appoints new CEO
RESIDEO TECHNOLOGIES, INC.
- Second Amended and Restated Credit Agreement: $518M, $590M, $1,219M term loans plus new $500M undrawn revolver, total $2.827B.
- Maturities: revolver 5 years (2031); term loans 2028, 2031, 2032. Interest: SOFR+2.00% pre-spin, 2.25% post-spin.
- Financial covenants: total leverage ratio max 3.50:1 pre-spin, steps to 4.75:1 post-spin, then to 4.00:1; 50% excess cash flow prepayment.
- Thomas Surran named CEO effective upon spin-off (mid-Q3 to mid-Q4 2026); base salary $900k, bonus target 135%, $1.583M LTI RSU award.
- Spin-off of ADI Global Distribution segment expected mid-Q3 to mid-Q4 2026; proceeds from new ADI debt will prepay term loans.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.9
Jay Geldmacher resigned as Director at RESIDEO TECHNOLOGIES, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
Mr. Surran will succeed Jay Geldmacher, who will transition to an executive advisor role and will resign from the Board following the appointment of Mr. Surran upon consummation of the ADI Spin-Off Transaction, pursuant to the terms of a previously announced transition arrangement.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas Surran was appointed as President and Chief Executive Officer at RESIDEO TECHNOLOGIES, INC..
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
the Board of Directors (the “Board”) of the Company approved the appointment of Thomas Surran as President and Chief Executive Officer of the Company and as a director of the Company, in each case effective upon consummation of the ADI Spin-Off Transaction (the “Separation Date”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas Surran was appointed as Director at RESIDEO TECHNOLOGIES, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board of Directors (the “Board”) of the Company approved the appointment of Thomas Surran as President and Chief Executive Officer of the Company and as a director of the Company, in each case effective upon consummation of the ADI Spin-Off Transaction (the “Separation Date”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Jay Geldmacher resigned as Chief Executive Officer at RESIDEO TECHNOLOGIES, INC..
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
Mr. Surran will succeed Jay Geldmacher, who will transition to an executive advisor role and will resign from the Board following the appointment of Mr. Surran upon consummation of the ADI Spin-Off Transaction, pursuant to the terms of a previously announced transition arrangement.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
RESIDEO TECHNOLOGIES, INC. amended Second Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at up to approximately $2,827 million (effective 2026-06-04).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Value
- up to approximately $2,827 million
- Effective
- 2026-06-04
Exact text from the filing
On June 4, 2026 (the “Second Amendment and Restatement Effective Date”), Resideo Technologies, Inc. (the “Company”) entered into that certain Second Amendment and Restatement Agreement, by and among the Company, Resideo Holding Inc., a Delaware corporation, Resideo Intermediate Holding Inc., a Delaware corporation, Resideo Funding Inc., a Delaware corporation (the “Borrower”), the lenders and issuing banks party thereto, and JPMorgan Chase Bank, N.A., as administrative agent (the “Second Amendment and Restatement Agreement”), which amended and restated in its entirety that certain Amended and Restated Credit Agreement, dated as of February 12, 2021 (as amended, the “Existing Credit Agreement” and the Existing Credit Agreement as amended and restated by the Second Amendment and Restatement Agreement, the “Second Amended and Restated Credit Agreement” and the transactions contemplated thereby, the “Refinancing”).
View on SEC.gov
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