AGCO Corp Files 8-K Report
Ticker: AGCO · Form: 8-K · Filed: Mar 14, 2024 · CIK: 880266
| Field | Detail |
|---|---|
| Company | Agco Corp /De (AGCO) |
| Form Type | 8-K |
| Filed Date | Mar 14, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $2 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulatory-filing, 8-k
Related Tickers: AGCO
TL;DR
AGCO filed an 8-K, check for updates.
AI Summary
On March 14, 2024, AGCO Corporation filed a Form 8-K to report other events and financial statements/exhibits. The filing does not contain specific financial figures or details about the nature of the events reported.
Why It Matters
This filing indicates AGCO Corporation has submitted a regulatory report to the SEC, which may contain updates on significant company events or financial information.
Risk Assessment
Risk Level: low — This is a routine regulatory filing with no immediate indication of negative news or significant financial changes.
Key Players & Entities
- AGCO CORP /DE (company) — Registrant
- 4205 River Green Parkway (location) — Principal executive offices address
- Duluth, Georgia (location) — Principal executive offices city and state
FAQ
What is the purpose of this Form 8-K filing?
The Form 8-K is a Current Report filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, reporting 'Other Events' and 'Financial Statements and Exhibits'.
When was the earliest event reported in this filing?
The date of the earliest event reported is March 14, 2024.
What is AGCO Corporation's state of incorporation?
AGCO Corporation is incorporated in Delaware.
What is AGCO Corporation's fiscal year end?
AGCO Corporation's fiscal year ends on December 31.
What is the SIC code for AGCO Corporation?
The Standard Industrial Classification code for AGCO Corporation is 3523, which corresponds to FARM MACHINERY & EQUIPMENT.
Filing Stats: 778 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-03-14 11:48:59
Key Financial Figures
- $2 billion — he payment by the Company to Trimble of $2 billion in cash, subject to customary working c
Filing Documents
- agco-20240314.htm (8-K) — 31KB
- ex231-eyconsent.htm (EX-23.1) — 3KB
- exhibit991-oneagbusinessof.htm (EX-99.1) — 272KB
- exhibit992-proformas.htm (EX-99.2) — 361KB
- 0000880266-24-000016.txt ( ) — 850KB
- agco-20240314.xsd (EX-101.SCH) — 2KB
- agco-20240314_lab.xml (EX-101.LAB) — 21KB
- agco-20240314_pre.xml (EX-101.PRE) — 12KB
- agco-20240314_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. AGCO Corporation (the "Compan y ") is filing this Current Report on Form 8-K (this "Current Report") to provide certain financial information with respect to the OneAg Business of Trimble Inc. ("OneAg"), and the Company's proposed acquisition of OneAg. OneAg is the agricultural business of Trimble Inc. ("Trimble"), excluding certain Global Navigation Satellite System and guidance technologies. As previously announced, on September 28, 2023, the Company entered into the Sale and Contribution Agreement with Trimble and Trimble Solutions, LLC (the "Joint Venture"). Among other things, the Sale and Contribution Agreement provides for (i) the contribution by Trimble to the Joint Venture of OneAg, (ii) the contribution by the Company to the Joint Venture of its interest in JCA Industries, LLC d/b/a JCA Technologies and (iii) the purchase by the Company from Trimble of membership interests in the Joint Venture in exchange for the payment by the Company to Trimble of $2 billion in cash, subject to customary working capital and other adjustments. Immediately following the closing and as a result of the transaction, the Company will own an 85% interest in the Joint Venture and Trimble will own a 15% interest in the Joint Venture. The closing is subject to customary conditions, including compliance with antitrust and similar laws. Included in this Current Report as Exhibit 99.1 are the audited combined financial statements of OneAg for the period described in Item 9.01(a) below, the notes related thereto and the related Report of Independent Auditors. Also included in this Current Report as Exhibit 99.2 is the unaudited pro forma condensed combined financial statements described in Item 9.01(b) below, and the notes related thereto.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (a) Financial Statements of Businesses or Funds Acquired. The audited combined financial statements of the OneAg Business of Trimble Inc. as of December 29, 2023, and for the year ended December 29, 2023, and the related Report of Independent Auditors, are attached hereto as Exhibit 99.1. (b) Pro Forma Financial Information Unaudited pro forma condensed combined financial statements as of December 31, 2023, and for the year ended December 31, 2023, is attached hereto as Exhibit 99.2. (d) Exhibits Exhibit No. Description 23.1 Consent of Ernst & Young LLP 99.1 Audited combined financial statements of the OneAg Business of Trimble Inc. as of December 29, 2023, and for the year ended December 29, 2023, and the related Report of Independent Auditors . 99.2 Unaudited pro forma condensed combined financial statements as of December 31, 2023, and for the year ended December 31, 2023. 104 Cover Page Interactive Data File - the cover page from this current report on Form 8-K is formatted in Inline XBRL.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AGCO Corporation By: /s/ Damon Audia Damon Audia Senior Vice President and Chief Financial Officer Dated: March 14, 2024