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Get filing alertsResideo completes ADI Global Distribution spinoff, uses $967M to repay $1.1B debt
Filed August 7, 2026 · Period ending August 3, 2026 · ~1 min read
Key Changes
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high
Completed tax-free spinoff of ADI Global Distribution on Aug 3, 2026; shareholders received 1 ADI share per 2 Resideo shares held as of July 20 record date. ADI now trades independently under ticker ADIG.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
high
Received $967M from ADI ($900M dividend + $67M adjustment) and used proceeds with cash on hand to repay ~$1.1B of Term Loan B debt, materially reducing interest expense.
Exhibit 99.1 view on EDGAR → -
medium
Pro forma Q1 2026 standalone results: $752M revenue, $44M net income, $0.21 diluted EPS (up from $0.17 reported), reflecting lower interest expense offset by loss of $ 91 ADI contribution.
Exhibit 99.1 view on EDGAR → -
medium
Pro forma balance sheet shows total assets of $3,984M (down from $8,207M), long-term debt of $2,065M (down from $3,165M), and stockholders' equity of $769M (down from $2,922M).
Exhibit 99.1 view on EDGAR → -
low
Adjusted equity compensation plan share counts under anti-dilution provisions effective Aug 7, 2026, preserving economic value of employee and director awards post-spinoff.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Resideo completed the separation of its wholesale distribution business into ADI Global Distribution on August 3, 2026, creating two independent public companies. Shareholders received one ADI share for every two Resideo shares held as of the July 20 record date in a tax-free distribution. ADI now trades under ticker ADIG on the NYSE.
The transaction delivered $967 million in cash to Resideo ($900 million dividend plus $67 million adjustment), which the company used along with cash on hand to repay approximately $1.1 billion of Term Loan B debt. This debt reduction materially improves Resideo's balance sheet, cutting long-term debt from $3.2 billion to $2.1 billion and reducing ongoing interest expense.
Pro forma Q1 2026 results show the benefit: diluted EPS improved to $0.21 from $0.17 reported, despite losing ADI's revenue contribution, as lower interest expense more than offset the smaller operating base. Resideo emerges as a smaller, more focused company with $752 million in quarterly revenue (down from $1.9 billion) but a significantly stronger capital structure. The pro forma financials provide the baseline for evaluating the standalone business going forward.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
In connection with the separation by Resideo Technologies, Inc. (the “Company”) of the ADI Global Distribution business from the Company's remaining businesses, effective as of August 3, 2026, the transfer of the ADI Global Distribution business from the Company to ADI Global Distribution Inc. (“ADI”) and the distribution on a pro rata basis by the Company of all of the outstanding shares of ADI's common stock, $0.001 par value per share, to holders of the Company's common stock, $0.001 par value per share (the “Common Stock”)
Resideo completed the separation of its ADI Global Distribution business on August 3, 2026, transferring the business to a new entity (ADI Global Distribution Inc.) and distributing all ADI shares pro rata to Resideo shareholders. This spinoff creates two independent publicly traded companies from what was previously a single entity.
Added in current filing · verify on EDGAR →
the number of shares of Common Stock underlying outstanding awards and authorized for future issuance under the (i) Amended and Restated 2018 Stock Incentive Plan of Resideo Technologies, Inc. and its Affiliates (the “Stock Incentive Plan”), (ii) 2018 Stock Plan for Non-Employee Directors of Resideo Technologies, Inc. (the “Director Equity Plan”), and (iii) the Resideo Employee Stock Purchase Plan (the “Employee Stock Purchase Plan” and, together with the Stock Incentive Plan and the Director Equity Plan, the “Plans”), were adjusted to their current forms pursuant to the anti-dilution provisions of such plans, effective as of August 7, 2026
Resideo adjusted the share counts for outstanding equity awards and shares authorized for future grants under its three equity compensation plans pursuant to anti-dilution provisions, effective August 7, 2026. These adjustments preserve the economic value of employee and director equity awards following the spinoff, preventing dilution from the distribution of ADI shares.
Event · Exhibit 99.1
Resideo completed the spin-off of its wholesale distribution business ADI Global Distribution on August 3, 2026, using $967M from ADI to repay debt.
Added in current filing · view on EDGAR →
Net revenue | $ 7,472 | $ (4,614 ) | $ - $ 2,858 ... Net income (loss) (527 ) | (112 ) | 4 (635 ) ... Net income (loss) available to common stockholders $ (562 ) | $ (112 ) | $ 4 $ (670 ) ... Earnings (loss) per common share: Basic | $ (3.77 ) | $ (4.50 ) | Diluted | $ (3.77 ) | $ (4.50 )
Pro forma 2025 results show Resideo standalone with $2,858 million revenue and a net loss of $635 million, or $4.50 per diluted share (worse than the $3.77 reported loss). The 2025 results include a $972 million Indemnification Agreement expense that drove the loss. ADI contributed $112 million of the reported loss.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 10, 2026 · How we verify