Item 8.01 Other EventsTechnipFMC plc (the "Company") is filing this Current Report on Form 8-K solely to revise certain financial information and related disclosures included in the Company's Annual Report on Form 10-K for the fiscal year endedDecember 31, 2020 originally filed with theU.S. Securities and Exchange Commission (the "SEC") onMarch 5, 2021 (the "2020 Form 10-K"). OnFebruary 16, 2021 , the Company completed the separation of its former Technip Energies business segment. The transaction was structured as a spin-off (the "Spin-off"), which occurred by way of a pro rata dividend (the "Distribution") to its shareholders of 50.1 percent of the outstanding shares of Technip Energies N.V. Each shareholder of the Company received one ordinary share of Technip Energies N.V. for every five ordinary shares of the Company held at5:00 p.m. ,New York City time on the record date,February 17, 2021 . For all periods presented in this Form 8-K, the historical results of operations of the former Technip Energies reportable segment and its assets and liabilities have been included within discontinued operations in the Company's consolidated financial statements. This Form 8-K is being filed solely to recast financial information to revise certain related disclosures contained in the 2020 Form 10-K to reflect the Spin-off and to reflect the retrospective changes for all periods presented. The following items of the 2020 Form 10-K are being revised (collectively, the "Revised Sections") as reflected in Exhibit 99.1 to this Current Report on Form 8-K. •Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations; •Part II, Item 7A. Quantitative and Qualitative Disclosures about Market Risk; •Part II, Item 8. Financial Statements and Supplementary Data; and •Part IV, Item 15(a)(2), Financial Statement Schedule
The disclosures in the Revised Sections were updated to reflect the Company's
results as if the discontinued operations criteria for its former Technip
Energies reportable segment had been met during the periods being presented.
Other than Note 25 of Part II, Item 8 "Financial Statements and Supplementary
Data," the Revised Sections, including Management's Discussion and Analysis of
Financial Condition and Results of Operations and the Company's Business Outlook
contained therein, do not reflect events occurring after the filing of the 2020
Form 10-K and do not modify or update the disclosures therein in any way for any
information, uncertainties, transactions, risks, events or trends occurring, or
known to management, other than as specifically required to reflect the
discontinued operations presentation. Other than the Revised Sections filed with
this Current Report on Form 8-K, all other information in the 2020 Form 10-K
remains unchanged and has not been otherwise updated for events occurring after
the filing of the 2020 Form 10-K, and continues to speak only as of the original
filing date.
More recent information, including risk factors, is contained in the Company's
quarterly reports on Form 10-Q for the quarterly periods ended
(d) Exhibits
Exhibit No. Description
23.1 Consent of the Independent Registered Public Accounting Firm
99.1 Revised Sections of the 2020 Form 10-K
104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
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