Complete the separation into two independent companies

Delivered after the deadline (231 days after the deadline)

AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.

Announced: 23 Oct 2019
Due: 30 Jun 2020
Delivered: 16 Feb 2021

Deadline
Met
Late
Not met
Today

What the company said

“completing our planned separation in the first half of 2020”

SourceTechnipFMC Form 8-K press release, 2019-10-23
FilingSEC filing index
Deadline as statedfirst half of 2020
Deadline used30 Jun 2020, the last day of the stated period
TypeTransaction
Permanent referenceKI-C-2019-FTI-019484
Cite as https://keptindex.org/c/KI-C-2019-FTI-019484/ — this address never changes.

What we found

Evidence strength A What the grades mean

TechnipFMC postponed its planned separation due to market conditions in 2020 and ultimately completed the spin-off on February 16, 2021, missing the original first-half 2020 deadline.

A
TechnipFMC 10-Q filed 2020-11-02 Regulatory filing · published 2 Nov 2020 · retrieved 21 Oct 2026 · kept permanently by the SEC · fingerprint 7fd96cb9dd42
“Due to the COVID-19 pandemic, the significant decline in commodity prices, and the heightened volatility in global equity markets, we have postponed the completion of the transaction until the markets sufficiently recover.” ✓ confirmed on the page
A
TechnipFMC 10-Q filed 2021-05-03 Regulatory filing · published 3 May 2021 · retrieved 21 Oct 2026 · kept permanently by the SEC · fingerprint b4a658b4c246
“On February 16, 2021, we completed our separation into two independent publicly traded companies” ✓ confirmed on the page

Market reaction: the shares moved +3.3% against the S&P 500 over the three sessions around the disclosure (30 Oct 2020 to 4 Nov 2020). What this measures

Checked 21 Oct 2026.

Commitment lineage

Every time the company restated this commitment. The original is never changed, and the outcome is always measured against version 1.

1 versions

Version 1 · original · stated 23 Oct 2019

Deadline 30 Jun 2020 (“first half of 2020”) · wording expected
Version 2 · stated 19 Jan 2021

Deadline 31 Mar 2021 (“in the first quarter of 2021”) · wording expected

“The Spin-off is expected to be completed in the first quarter of 2021, subject to customary conditions and regulatory approvals.”
Source for this version

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: Separation into two independent companies
Language: Expected (“expects”, “plans”)
In the company’s control: High
Specificity: High

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.

Confirmed. This outcome counts towards the company's Kept Score. How verification works

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