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Modine Manufacturing Co has signed important agreements about taxes and employees.

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Modine separated its Performance Technologies business and transferred its name to SpinCo, while keeping licensed use for certain products. The agreements organize the handoff, but the filing gives no financial figures showing a clear change for Modine.

MOD · Modine Manufacturing Co

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The trademark transfer gives SpinCo ownership, but Modine can still use the name for certain products without paying royalties. Its HVAC&R name license is exclusive for 4 years, then non-exclusive. Its heat-transfer license is non-exclusive. Shared services and tax and staff rules help manage the handoff, but the filing gives no figures for sales, profit, or costs.

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