UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event Reported): April 7, 2023
(Exact name of registrant as specified in its charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||||||
(Address of Principal Executive Offices) (Zip Code)
(954 ) 987-4000
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On March 2, 2023, HEICO Corporation (the “Company") identified a cybersecurity incident that impacted certain of its information technology (“IT”) systems. The Company, with the support of third-party cyber defense firms, took immediate steps to contain, investigate and remediate the incident. The Company also notified law enforcement. The incident promptly was contained, and the affected IT systems have been substantially restored to full operational capabilities.
In addition to the disruption to certain IT systems, the incident involved the theft of some internal business documents. The Company became aware on April 7, 2023 that information related to the Company was posted on the dark web.
Based on information available to date, the Company believes the incident will have no material impact on its financial results of operations for its fiscal second quarter ending April 30, 2023 or for the current fiscal year ending October 31, 2023.
The Company continues to work diligently to investigate this cybersecurity incident, including to assess the data that may have been affected. The Company is complying with its legal obligations regarding the incident, including making appropriate notifications.
Forward Looking Information
Certain statements in this Current Report on Form 8-K constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. The Company's actual results may differ materially from those expressed in or implied by those forward-looking statements as a result of factors including, but not limited to, new information uncovered about the cybersecurity incident. Parties receiving this Current Report on Form 8-K are encouraged to review all of the Company's filings with the Securities and Exchange Commission, including, but not limited to filings on Form 10-K, Form 10-Q and Form 8-K. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| HEICO CORPORATION | |||||||||||
| Date: | April 12, 2023 | By: | /s/ CARLOS L. MACAU, JR. | ||||||||
| Carlos L. Macau, Jr. Executive Vice President - Chief Financial Officer and Treasurer | |||||||||||