secwatch.observer — SEC 8-K summary
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Issuer:     BORGWARNER INC (BWA)
CIK:        0000908255
Form:       8-K
Filed at:   2023-06-13T23:59:59+00:00
Accession:  0001628280-23-021988
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BorgWarner board approves PHINIA spin-off; record date June 23, distribution July 3
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- Distribution of 100% of PHINIA common stock as a pro rata dividend on July 3, 2023.
- Record date June 23, 2023; stockholders receive 1 PHINIA share for every 5 BWA shares.
- PHINIA expected to begin regular-way trading on NYSE under ticker "PHIN" on July 5, 2023.
- Holders selling BWA stock regular way on or before distribution date also sell PHINIA rights.
- Spin-off conditioned on satisfaction/waiver of conditions in PHINIA's Form 10 registration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908255/000162828023021988/0001628280-23-021988-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908255/000162828023021988/bwa-20230613.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-021988

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