Item 7.01 Regulation FD Disclosure.
Knowles Corporation ("Knowles") announced today that the company will rename and realign its reporting structure into three segments: (1) Precision Devices, (2) MedTech & Specialty Audio, and (3) Consumer MEMS Microphones. The new segment reporting structure will provide enhanced transparency into the company's performance. In addition, this change better aligns with Knowles' strategy and how management reviews its financial results to drive business decision making. Segment reporting under the renamed and realigned structure will begin in the fourth quarter of 2022. As a result, beginning with the announcement of Knowles' fourth quarter of 2022 results and its Annual Report on Form 10-K for the year ended December 31, 2022, Knowles will report its results in these three reportable segments. The segment change has no impact on Knowles' consolidated historical U.S. GAAP financial results. See the press release furnished as Exhibit 99.1 for more details about the new segment structure. The information furnished with the Current Report on Form 8-K and the related exhibits included in Item 9.01 shall not be deemed to be "filed" for purposes of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
The following exhibits are furnished as part of this report:
Description 99.1 Press R elease dated November 16, 2022 104 Cover Page Interactive Data
File (embedded within the Inline XBRL document)
© Edgar Online, source Glimpses