Item 7.01 Regulation FD Disclosure.
On February 25, 2021, Vivint, Inc. ("Vivint") filed a complaint against ADT Inc.
("ADT") in the United States District Court for the District of Utah, Central
Division, claiming that ADT has infringed certain of Vivint's patents and
requesting, among other things, treble damages. ADT believes the claims asserted
by Vivint are completely without merit and intends to vigorously defend against
the lawsuit. Because this lawsuit is in the early stages, no reasonable estimate
of possible loss, if any, can be made at this time. ADT, however, does not
expect this lawsuit would have a material adverse impact on ADT's business,
financial condition, results of operations or cash flows.
Forward Looking Statements
This filing, and other reports, filings, and other public written and verbal
announcements contain certain information that may constitute "forward-looking
statements" and therefore are subject to risks and uncertainties. All statements
contained in this document that are not clearly historical in nature, including
statements regarding the lawsuit filed by Vivint against ADT, are
forward-looking. Any time we use the words "expects," "intends," "will,"
"anticipates," "believes," "confident," "continue," "propose," "seeks," "could,"
"may," "should," "estimates," "forecasts," "might," "goals," "objectives,"
"targets," "planned," "projects," and similar expressions, we intend to clearly
express that the information deals with possible future events and is
forward-looking in nature. However, the absence of these words or similar
expressions does not mean that a statement is not
forward-looking. Forward-looking information involves risks, uncertainties, and
other factors that could cause actual results to differ materially from those
expressed or implied in, or reasonably inferred from, such statements, including
without limitation, the risks and uncertainties disclosed or referenced in ADT's
Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on
Form 8-K, and other filings with the Securities and Exchange Commission,
including the sections entitled "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" contained therein.
Therefore, caution should be taken not to place undue reliance on any such
forward-looking statements. Much of the information in this document that looks
toward future performance of ADT is based on various factors and important
assumptions about future events that may or may not actually occur. We assume no
obligation (and specifically disclaim any such obligation) to publicly update or
revise any forward-looking statements, whether as a result of new information,
future events, or otherwise, except as required by law.
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