Cover and table of contents

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Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-K

☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE FISCAL YEAR ENDED DECEMBER 31, 2020

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 1-2958

hubb-20201231_g1.jpg

HUBBELL INCORPORATED

(Exact name of registrant as specified in its charter)

Connecticut06-0397030
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
40 Waterview Drive
SheltonCT06484
(Address of principal executive offices)(Zip Code)
(475)882-4000
(Registrant's telephone number, including area code)
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
Title of each ClassTrading Symbol(s)Name of Exchange on which Registered
Common Stock — par value $0.01 per shareHUBBNew York Stock Exchange
SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:
NONE
Indicate by check mark
•if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☑No☐
•if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.Yes☐No☑
•if the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such report), and (2) has been subject to such filing requirements for the past 90 days.Yes☑No☐
•whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☑No☐
•whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer☑Accelerated filer ☐Non-accelerated filer ☐Smaller reporting company☐
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 standard provided pursuant to Section 13(a) of the Exchange Act. ☐
•whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☑
•whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☑

The approximate aggregate market value of the voting stock held by non-affiliates of the registrant as of June 30, 2020 was $6,739,772,177*. The number of shares outstanding of Hubbell Common Stock as of February 9, 2021 is 54,296,993.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the definitive proxy statement for the annual meeting of shareholders scheduled to be held on May 4, 2021, to be filed with the Securities and Exchange Commission (the “SEC”), are incorporated by reference in answer to Part III of this Form 10-K.

*Calculated by excluding all shares held by Executive Officers and Directors of registrant without conceding that all such persons or entities are “affiliates” of registrant for purpose of the Federal Securities Laws.

Table of contents
PART I3
ITEM 1Business3
ITEM 1ARisk Factors9
ITEM 1BUnresolved Staff Comments16
ITEM 2Properties16
ITEM 3Legal Proceedings17
ITEM 4Mine Safety Disclosures17
PART II18
ITEM 5Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities18
ITEM 6Selected Financial Data20
ITEM 7Management’s Discussion and Analysis of Financial Condition and Results of Operations21
ITEM 7AQuantitative and Qualitative Disclosures about Market Risk41
ITEM 8Financial Statements and Supplementary Data43
ITEM 9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure93
ITEM 9AControls and Procedures93
ITEM 9BOther Information93
PART III94
ITEM 10Directors, Executive Officers and Corporate Governance94
ITEM 11Executive Compensation94
ITEM 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters94
ITEM 13Certain Relationships and Related Transactions and Director Independence95
ITEM 14Principal Accountant Fees and Services95
PART IV96
ITEM 15Exhibits and Financial Statement Schedule96
SIGNATURES100
2HUBBELL INCORPORATED - Form 10-K
PART I

Next: Item 1. Business