BGC Group, Inc. Files 8-K for Material Definitive Agreement
Ticker: BGC · Form: 8-K · Filed: Mar 12, 2024 · CIK: 1094831
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, 8-k
TL;DR
BGC Group just signed a big deal, check the 8-K.
AI Summary
On March 8, 2024, BGC Group, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, formerly known as BGC Partners, Inc., filed this 8-K report to disclose this event. The filing also includes financial statements and exhibits.
Why It Matters
This filing indicates a significant financial commitment or obligation for BGC Group, Inc., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and direct financial obligations can introduce financial risks and obligations that require careful monitoring.
Key Players & Entities
- BGC Group, Inc. (company) — Registrant
- BGC Partners, Inc. (company) — Former company name
- March 8, 2024 (date) — Date of earliest event reported
- 499 Park Avenue, New York, NY 10022 (location) — Principal executive offices address
FAQ
What type of material definitive agreement did BGC Group, Inc. enter into?
The filing indicates the entry into a material definitive agreement related to a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in the summary information.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on March 8, 2024.
What was BGC Group, Inc. formerly known as?
BGC Group, Inc. was formerly known as BGC Partners, Inc.
Where are BGC Group, Inc.'s principal executive offices located?
BGC Group, Inc.'s principal executive offices are located at 499 Park Avenue, New York, NY 10022.
What is the SIC code for BGC Group, Inc.?
The Standard Industrial Classification (SIC) code for BGC Group, Inc. is 6200, which corresponds to SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES.
Filing Stats: 1,393 words · 6 min read · ~5 pages · Grade level 10.5 · Accepted 2024-03-12 16:05:55
Key Financial Figures
- $0.01 — which registered Class A Common Stock, $0.01 par value BGC The NASDAQ Stock Mark
- $400.0 million — up to an aggregate principal amount of $400.0 million from each other from time to time. Loan
- $240.0 million — any provided notice to Cantor to borrow $240.0 million under the Cantor Credit Agreement and r
Filing Documents
- d808282d8k.htm (8-K) — 33KB
- d808282dex101.htm (EX-10.1) — 17KB
- 0001193125-24-065856.txt ( ) — 173KB
- bgc-20240308.xsd (EX-101.SCH) — 3KB
- bgc-20240308_lab.xml (EX-101.LAB) — 17KB
- bgc-20240308_pre.xml (EX-101.PRE) — 11KB
- d808282d8k_htm.xml (XML) — 3KB
Financial statements and Exhibits
Financial statements and Exhibits (d)Exhibits The exhibit index set forth below is incorporated by reference in response to this Item 9.01. EXHIBIT INDEX Exhibit No. Description 10.1 Second Amendment, dated as of March 8, 2024, to the Credit Agreement, dated as of November 30, 2018, as amended as of August 6, 2018 and as assumed by BGC Group, Inc. as of October 6, 2024, by and between BGC Partners, Inc. and Cantor Fitzgerald, L.P. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. BGC Group, Inc. Date: March 12, 2024 By: /s/ Howard W. Lutnick Name: Howard W. Lutnick Title: Chairman of the Board and Chief Executive Officer [Signature Page to Form 8-K, dated March 12, 2024 regarding BGC's Amendment to its Intercompany Credit Agreement]