Core & Main Files Routine 8-K on Jan 25, No Major News
Ticker: CNM · Form: 8-K · Filed: Jan 25, 2024 · CIK: 1856525
| Field | Detail |
|---|---|
| Company | Core & Main, INC. (CNM) |
| Form Type | 8-K |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $40.985 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: 8-K, corporate-governance, routine-filing
TL;DR
**Core & Main filed a standard 8-K with no material news, business as usual.**
AI Summary
Core & Main, Inc. filed an 8-K on January 25, 2024, reporting an "Other Event" that occurred on January 22, 2024. This filing is a routine disclosure, indicating no major financial or operational changes. For investors, this means there's no immediate new information that would significantly impact the stock price, suggesting business as usual for Core & Main, Inc.
Why It Matters
This filing indicates no significant new developments for Core & Main, Inc., suggesting stability and no immediate catalysts for stock movement based on this report.
Risk Assessment
Risk Level: low — The filing is a routine 8-K with no specific event details, indicating no new risks or changes to the company's operations.
Analyst Insight
Given the routine nature of this 8-K with no specific event details, a smart investor would consider this a non-event and look to other filings or company news for actionable insights.
Key Players & Entities
- Core & Main, Inc. (company) — the registrant filing the 8-K
- January 25, 2024 (date) — date of report filing
- January 22, 2024 (date) — date of earliest event reported
- 001-40650 (other) — Commission File Number
- CNM (other) — Trading Symbol for Class A common stock
- New York Stock Exchange (other) — exchange where Class A common stock is registered
Forward-Looking Statements
- Core & Main, Inc.'s stock price will remain stable in the short term due to the lack of material news in this filing. (Core & Main, Inc.) — high confidence, target: 2024-02-25
FAQ
What is the purpose of this 8-K filing by Core & Main, Inc.?
This 8-K filing by Core & Main, Inc. is a 'Current Report' pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, reporting an 'Other Event' and 'Financial Statements and Exhibits' as of January 22, 2024, and filed on January 25, 2024.
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 22, 2024, as stated under 'Date of Report (Date of earliest event reported): January 25, 2024 (January 22, 2024)'.
Where is Core & Main, Inc. incorporated and what is its business address?
Core & Main, Inc. is incorporated in Delaware, and its principal executive offices are located at 1830 Craig Park Court, St. Louis, Missouri, 63146.
What is the trading symbol and exchange for Core & Main, Inc.'s common stock?
Core & Main, Inc.'s Class A common stock, par value $0.01 per share, trades under the symbol CNM on the New York Stock Exchange.
Does this 8-K filing indicate that Core & Main, Inc. is an emerging growth company?
The filing includes a checkbox to 'Indicate by check mark whether the registrant is an emerging growth company', but the box is not checked, implying that Core & Main, Inc. does not identify as an emerging growth company for the purposes of this filing.
Filing Stats: 603 words · 2 min read · ~2 pages · Grade level 9.8 · Accepted 2024-01-25 16:53:01
Key Financial Figures
- $0.01 — stered Class A common stock, par value $0.01 per share CNM New York Stock Exchan
- $40.985 — e "Class A Common Stock") at a price of $40.985 per share. The foregoing description
Filing Documents
- d464088d8k.htm (8-K) — 26KB
- d464088dex11.htm (EX-1.1) — 196KB
- 0001193125-24-015497.txt ( ) — 387KB
- cnm-20240122.xsd (EX-101.SCH) — 3KB
- cnm-20240122_lab.xml (EX-101.LAB) — 17KB
- cnm-20240122_pre.xml (EX-101.PRE) — 11KB
- d464088d8k_htm.xml (XML) — 3KB
01
Item 8.01 Other Events Underwriting Agreement On January 22, 2024, Core & Main, Inc. (the "Company"), the Company's subsidiary Core & Main Holdings, LP, CD&R Fund X Advisor Waterworks B, L.P. ("Fund X Advisor"), CD&R Fund X Waterworks B1, L.P. ("Fund X Waterworks B1"), CD&R Fund X-A Waterworks B, L.P., CD&R Waterworks Holdings, LLC ("CD&R Waterworks Holdings" and, collectively with Fund X Advisor, Fund X Waterworks B1 and Fund X-A the "Selling Stockholders"), J.P. Morgan Securities LLC and Citigroup Global Markets Inc. (the "Underwriters") entered into an underwriting agreement (the "Underwriting Agreement") pursuant to which the Selling Stockholders agreed to sell to the Underwriters, and the Underwriters agreed to purchase from the Selling Stockholders, subject to and upon the terms and conditions set forth therein, 19,782,087 shares of the Company's Class A common stock, par value $0.01 per share (the "Class A Common Stock") at a price of $40.985 per share. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the copy thereof, which is filed herewith as Exhibit 1.1 and is incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits. Exhibit Number Description 1.1 Underwriting Agreement, dated January 22, 2024, among Core & Main, Inc., Core & Main Holdings, LP, the selling stockholders named therein, J.P. Morgan Securities, LLC and Citigroup Global Markets Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 25, 2024 CORE & MAIN, INC. By: /s/ Stephen O. LeClair Name: Stephen O. LeClair Title: Chief Executive Officer