Vertiv Holdings Co
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 18, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 16. Form 10-K Summary
None.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: | February 18, 2025 | Vertiv Holdings Co |
|---|---|---|
| /s/ Giordano Albertazzi | ||
| Name: Giordano Albertazzi | ||
| Title: Chief Executive Officer | ||
| /s/ David J. Fallon | ||
| Name: David J. Fallon | ||
| Title: Chief Financial Officer | ||
| /s/ Eric M. Johnson | ||
| Name: Eric M. Johnson | ||
| Title: Chief Accounting Officer and Corporate Controller | ||
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
| /s/ Giordano Albertazzi | Chief Executive Officer and Director | February 18, 2025 |
|---|---|---|
| Giordano Albertazzi | (Principal Executive Officer) | |
| /s/ David J. Fallon | Chief Financial Officer | February 18, 2025 |
| David J. Fallon | (Principal Financial Officer) | |
| /s/ Eric M. Johnson | Chief Accounting Officer | February 18, 2025 |
| Eric M. Johnson | (Principal Accounting Officer) | |
| /s/ David M. Cote | Executive Chairman of the Board | February 18, 2025 |
| David M. Cote | ||
| /s/ Joseph van Dokkum | Director | February 18, 2025 |
| Joseph van Dokkum | ||
| /s/ Joseph J. DeAngelo | Director | February 18, 2025 |
| Joseph J. DeAngelo | ||
| /s/ Jakki L. Haussler | Director | February 18, 2025 |
| Jakki L. Haussler | ||
| /s/ Roger Fradin | Director | February 18, 2025 |
| Roger Fradin | ||
| /s/ Jacob Kotzubei | Director | February 18, 2025 |
| Jacob Kotzubei | ||
| /s/ Matthew Louie | Director | February 18, 2025 |
| Matthew Louie | ||
| /s/ Edward L. Monser | Director | February 18, 2025 |
| Edward L. Monser | ||
| /s/ Steven S. Reinemund | Director | February 18, 2025 |
| Steven S. Reinemund | ||
| /s/ Robin L. Washington | Director | February 18, 2025 |
| Robin L. Washington | ||
Item 8. Financial Statements and Supplementary Data
| INDEX TO CONSOLIDATED FINANCIAL STATEMENTS | |
|---|---|
| ITEM | PAGE |
| Report of Independent Public Accounting Firm (PCAOB ID: 42) | 57 |
| Consolidated Statements of Earnings (Loss) | 59 |
| Consolidated Statements of Comprehensive Income (Loss) | 60 |
| Consolidated Balance Sheets | 61 |
| Consolidated Statements of Cash Flows | 62 |
| Consolidated Statements of Shareholders’ Equity (Deficit) | 63 |
| Notes to Consolidated Financial Statements | 64 |
| 1: Description of business and summary of significant accounting policies | 64 |
| 2: Acquisitions | 70 |
| 3: Revenue | 71 |
| 4: Restructuring costs | 72 |
| 5: Goodwill and other intangibles | 73 |
| 6: Debt | 74 |
| 7: Leases | 78 |
| 8: Pension plans | 79 |
| 9: Income taxes | 82 |
| 10: Related party transactions | 85 |
| 11: Other financial information | 86 |
| 12: Financial instruments and risk management | 86 |
| 13: Accumulated other comprehensive (loss) income | 89 |
| 14: Segment information | 89 |
| 15: Stock-based compensation plans | 92 |
| 16: Earnings (loss) per share | 94 |
| 17: Commitments and contingencies | 95 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.