Campbell Soup Co. Terminates Material Definitive Agreement
Ticker: CPB · Form: 8-K · Filed: Apr 16, 2024 · CIK: 16732
| Field | Detail |
|---|---|
| Company | Campbell Soup CO (CPB) |
| Form Type | 8-K |
| Filed Date | Apr 16, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.85 b, $500 m, $1.85 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement-termination, material-agreement
Related Tickers: CPB
TL;DR
CPB just terminated a big deal. WTF?
AI Summary
Campbell Soup Company (CPB) announced on April 16, 2024, the termination of a material definitive agreement. The filing does not specify the counterparty or the nature of the agreement, but it indicates a significant change in a contractual relationship for the company.
Why It Matters
The termination of a material definitive agreement can signal a shift in strategic partnerships, supply chains, or business operations, potentially impacting future revenue and profitability.
Risk Assessment
Risk Level: medium — The termination of a material definitive agreement introduces uncertainty about the company's ongoing business relationships and future plans.
Key Players & Entities
- CAMPBELL SOUP CO (company) — Registrant
- 0000016732 (company) — Central Index Key
- 21-0419870 (company) — IRS Employer Identification No.
- New Jersey (company) — State of Incorporation
- Camden (company) — Principal Executive Offices City
- 08103-1799 (company) — Principal Executive Offices Zip Code
- 856-342-4800 (company) — Registrant's telephone number
- April 16, 2024 (date) — Date of Report
FAQ
What specific material definitive agreement was terminated by Campbell Soup Company?
The filing does not specify the name or details of the material definitive agreement that was terminated.
Who was the counterparty to the terminated agreement?
The filing does not disclose the identity of the other party involved in the terminated agreement.
What is the effective date of the termination?
The filing indicates the earliest event reported was on April 16, 2024, which is also the date of the report.
Does the termination of this agreement have any immediate financial implications disclosed in the filing?
The filing does not provide specific details on immediate financial implications resulting from the termination.
Are there any other items disclosed in this 8-K filing besides the termination of an agreement?
Yes, the filing also lists 'Entry into a Material Definitive Agreement' and 'Financial Statements and Exhibits' as item information.
Filing Stats: 788 words · 3 min read · ~3 pages · Grade level 11.7 · Accepted 2024-04-16 16:07:54
Key Financial Figures
- $1.85 b — an aggregate principal amount equal to $1.85 billion, which shall have a maturity date
- $500 m — acility commitments up to an additional $500 million, subject to the satisfaction of c
- $1.85 billion — the aggregate principal amount equal to $1.85 billion (as amended by that certain Amendment N
Filing Documents
- d806817d8k.htm (8-K) — 24KB
- d806817dex10.htm (EX-10) — 659KB
- g806817g0413105530192.jpg (GRAPHIC) — 4KB
- 0001193125-24-097732.txt ( ) — 953KB
- cpb-20240416.xsd (EX-101.SCH) — 3KB
- cpb-20240416_lab.xml (EX-101.LAB) — 17KB
- cpb-20240416_pre.xml (EX-101.PRE) — 11KB
- d806817d8k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES 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. CAMPBELL SOUP COMPANY By: /s/ Carrie L. Anderson Carrie L. Anderson Executive Vice President and Chief Financial Officer Date: April 16, 2024