A maker of test tools, software, and services that keep factories, hospitals, and utilities running safely—under brands like FLUKE multimeters and INDUSTRIAL SCIENTIFIC gas detectors, plus hospital sterilization systems under ASP. Fortive was born in 2016 when Danaher spun off its industrial arm, with a name from the Latin "fort," meaning "strong." Its best-known brand's founder, John Fluke, started the company in the basement of his Connecticut home in 1948.
Fortive shareholders elect all eight director nominees and approve executive compensation and EY ratification at 2026 annual meeting
Director votes ranged from 268,819,357 for Jeannine Sargent to 281,242,738 for Olumide Soroye, with broker non-votes of 8,872,467 for each nominee.
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At the June 9, 2026 annual meeting, Fortive shareholders elected all eight director nominees, each for a one-year term expiring at the 2027 annual meeting.
The advisory vote on named executive officer compensation passed with 265,946,471 votes for, 15,686,260 against, and 174,890 abstentions.
The ratification of Ernst & Young LLP as independent auditor for fiscal year 2026 passed with 274,297,484 votes for, 16,324,999 against, and 57,605 abstentions.
The report was filed under Item 5.07 to disclose the results of the shareholder votes at the annual meeting.
5.07 Submission of Matters to a Vote of Security Holders
Fortive completes $1.1B notes offering to refinance debt and for general purposes
Fortive Corporation completed an underwritten offering of $600 million 4.750% Notes due 2031 and $500 million 5.250% Notes due 2036.
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Net proceeds will be used to refinance certain indebtedness, including repayment at maturity of its 3.150% senior notes due June 15, 2026, plus fees and expenses and general corporate purposes.
The notes are unsecured, rank equally with existing and future unsecured unsubordinated debt, and are not guaranteed.
The 2031 notes are redeemable at make-whole prior to April 15, 2031, and at par thereafter; the 2036 notes are redeemable at make-whole prior to February 15, 2036, and at par thereafter.
A change of control triggering event would require Fortive to repurchase the notes at 101% of principal plus accrued interest.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits
On March 17, 2026, Fortive Corporation entered into a third amended and restated credit agreement with Bank of America as administrative agent and a syndicate of lenders.
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The credit agreement provides a 5-year revolving credit facility of up to $2.0 billion, including a multicurrency borrowing feature; no funds were borrowed at closing.
The facility extends the availability period from October 18, 2027 to March 17, 2031, with up to two one-year extension options and an option to increase commitments by up to $1.0 billion.
Borrowings bear interest at variable rates based on Term SOFR or base rates plus margins ranging from 0 to 110 basis points, depending on currency and credit rating, with a facility fee of 6 to 15 basis points.
The credit agreement includes a financial covenant requiring a Consolidated Net Leverage Ratio of 3.75 to 1.00 or less, with a temporary increase to 4.25 to 1.00 following certain large acquisitions.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits