Applied Industrial Tech Files 8-K

TL;DR

Applied Industrial Tech filed an 8-K on Jan 2, 2025, for events as of Dec 31, 2024. Focus on Reg FD & financials.

AI Summary

Applied Industrial Technologies, Inc. filed an 8-K on January 2, 2025, reporting events as of December 31, 2024. The filing primarily concerns Regulation FD Disclosure and Financial Statements and Exhibits. The company, previously known as Bearings Inc. /OH/ and Brown Jim Stores Inc., is incorporated in Ohio and headquartered in Cleveland.

Why It Matters

This 8-K filing provides updates on financial statements and disclosures, which are crucial for investors to assess the company's current financial health and regulatory compliance.

Risk Assessment

Risk Level: low — This is a routine 8-K filing for financial statements and disclosures, not indicating any immediate significant risks.

Key Numbers

• 20250102 — Filing Date (Date the 8-K was filed with the SEC.)
• 20241231 — Report Date (The date as of which the reported events occurred.)

Key Players & Entities

• APPLIED INDUSTRIAL TECHNOLOGIES, INC. (company) — Registrant
• Ohio (jurisdiction) — State of incorporation
• Cleveland (location) — Principal Executive Offices
• BEARINGS INC /OH/ (company) — Former company name
• BROWN JIM STORES INC (company) — Former company name

FAQ

Key Financial Figures

• $273 m — l closing adjustments was approximately $273 million, subject to further customary pos

Filing Documents

• ait-20241231.htm (8-K) — 29KB
• a8-kexhibit991xhydradyne.htm (EX-99.1) — 6KB
• image_0.jpg (GRAPHIC) — 23KB
• 0000109563-25-000003.txt ( ) — 191KB
• ait-20241231.xsd (EX-101.SCH) — 2KB
• ait-20241231_lab.xml (EX-101.LAB) — 21KB
• ait-20241231_pre.xml (EX-101.PRE) — 12KB
• ait-20241231_htm.xml (XML) — 3KB

01 REGULATION FD DISCLOSURE

ITEM 7.01 REGULATION FD DISCLOSURE Effective at 11:59 p.m. on December 31, 2024 (the "Effective Time"), Applied Industrial Technologies, Inc., an Ohio corporation ("Applied") completed its previously announced acquisition of all of the issued and outstanding membership interests of Hydradyne, LLC, a Georgia limited liability company ("Hydradyne"). The consideration after contractual closing adjustments was approximately $273 million, subject to further customary post-closing adjustments in respect of cash, indebtedness, transaction expenses and working capital. The total consideration paid by Applied was funded with cash on hand. The acquisition was completed pursuant to the terms of the Securities Purchase Agreement (the "Purchase Agreement") by and among Applied, LOR, Inc., a Georgia corporation, and Hydradyne. The foregoing description of the Purchase Agreement and the transactions contemplated thereby does not purport to be complete and is subject to, and qualified by, the full text of the Purchase Agreement, which was filed as Exhibit 10.1 to Applied's Current Report on Form 8-K filed with the Securities and Exchange Commission on November 22, 2024. On January 2, 2025, Applied issued a press release relating to the acquisition of Hydradyne. The press release is furnished as Exhibit 99.1 to this Form 8-K. The information and exhibit provided pursuant to this Item 7.01 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section 18, and shall not be deemed to be incorporated by reference into any filing of Applied under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such a filing. Cautionary Note Regarding Forward Looking Statements This Form 8-K contains statements that are forward-looking, as that term is defined by the Securities and Exchange

01 FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. Exhibit No. Description 99.1 Press Release, dated January 2, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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, thereunto duly authorized. APPLIED INDUSTRIAL TECHNOLOGIES, INC. (Registrant) By: /s/ Jon S. Ploetz Jon S. Ploetz, Vice President-General Counsel & Secretary Date: January 2, 2025

View Full Filing

View this 8-K filing on SEC EDGAR