Item 2.02. Results of Operations and Financial Condition.
On
The information contained in, or incorporated into, this Item 2.02, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section, nor shall it be deemed incorporated by reference into any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 2.05 Costs Associated with Exit or Disposal Activities
As a result of the continued impact of the Russo-Ukrainian war, including the
sanctions related thereto, the Company conducted a strategic assessment of its
operations in the
We do not anticipate material future cash expenditures related to the
The Company expects to substantially complete the Russia Exit by the first
quarter of its fiscal year ending
Forward-Looking Statements
The statements described herein that are not historical facts are forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the actual charges incurred with respect to the Russia Exit as well as the timing thereof. When used herein, the words "anticipate," "assume," "believe," "budget," "continue," "contemplate," "could," "should" "estimate," "expect," "intend," "may," "plan," "possible," "potential," "predict," "project," "will," "would," "future," and similar terms and phrases are intended to identify forward-looking statements in this release. When used herein, the words "anticipate," "assume," "believe," "budget," "continue," "contemplate," "could," "should," "estimate," "expect," "intend," "may," "plan," "possible," "potential," "predict," "project," "will," "would," "future," and similar terms and phrases are intended to identify forward-looking statements in this release. Forward-looking statements reflect our current expectations regarding future events, results or outcomes. We do not intend to update these statements unless we are required to do so under applicable securities laws.
Actual events, results and outcomes may differ materially from our expectations
due to a variety of factors. Although it is not possible to identify all of
these factors, they include, among others, our ability to complete the
disposition of our Russian subsidiary and anticipated timing and associated
charges; the receipt of Russian regulatory approvals and lender approvals on the
expected timeline or at all, and those factors listed under Item 1A "Risk
Factors" included in our Annual Report on Form 10-K for the fiscal year ended
Item 7.01. Regulation FD Disclosure.
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On
The information in this Current Report on Form 8-K is being "furnished" pursuant to Item 7.01 and shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any Company filing, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 99.1 Press Release issued by Thermon onFebruary 2, 2023 Cover Page Interactive Data File (embedded within the Inline XBRL 104 document)
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