Complete the spin-off of the Upstream Energy business
Delivered by the deadline
AI-assessed · human review in progress Found and assessed by AI from the cited sources. Shown with its evidence; it is not counted in any Kept Score until confirmed.
- Announced
- 4 Feb 2019
- Due
- 30 Jun 2020
- Delivered
- 3 Jun 2020
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Plans to spin off its Upstream Energy business by mid-year 2020”
What we found
Evidence strength A What the grades mean
Ecolab completed the separation of its Upstream Energy business (the ChampionX business) on June 3, 2020, which is before the mid-year 2020 deadline.
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A Ecolab 10-Q filed 2020-08-06
“On June 3, 2020, the Company completed the previously announced separation of its Upstream Energy business (the “ChampionX business”) in a Reverse Morris Trust transaction” ✓ confirmed on the page
Market reaction: the shares moved +0.7% against the S&P 500 over the three sessions around the disclosure (5 Aug 2020 to 10 Aug 2020). What this measures
Checked 18 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Separation
- Indicative materiality
- Transformational rules
- Action
- Complete
- Deliverable
- Upstream Energy business spin-off
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: confirmation of tax-free status for U.S. shareholders; effectiveness of SEC filings; final approval by Board of Directors
- Depends on
- Regulatory, Shareholder
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Not yet confirmed. Shown on the record, but it will not count in any score until it is confirmed. How verification works
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Report an error in this entry Reference: KI-C-2019-ECL-014783 · Corrections policy