Fox Factory Enters Material Definitive Agreement
Ticker: FOXF · Form: 8-K · Filed: Dec 20, 2024 · CIK: 1424929
| Field | Detail |
|---|---|
| Company | Fox Factory Holding CORP (FOXF) |
| Form Type | 8-K |
| Filed Date | Dec 20, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: FOXF
TL;DR
FOXF just signed a big deal, creating a new financial obligation. Watch this space.
AI Summary
On December 20, 2024, Fox Factory Holding Corp. entered into a material definitive agreement, creating a direct financial obligation. The company, incorporated in Delaware, filed an 8-K report detailing this event. The filing is related to financial statements and exhibits.
Why It Matters
This filing indicates a significant new financial commitment or obligation for Fox Factory Holding Corp., which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet them.
Key Players & Entities
- Fox Factory Holding Corp. (company) — Registrant
- December 20, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
FAQ
What type of material definitive agreement did Fox Factory Holding Corp. enter into?
The filing states that Fox Factory Holding Corp. entered into a material definitive agreement, creating a direct financial obligation or an obligation under an off-balance sheet arrangement. However, the specific details of the agreement are not provided in this excerpt.
When was this material definitive agreement entered into?
The earliest event reported in this 8-K filing occurred on December 20, 2024, which is the date of the report and the date as of which the change is reported.
What is the principal executive office address for Fox Factory Holding Corp.?
The principal executive offices of Fox Factory Holding Corp. are located at 2055 Sugarloaf Circle, Suite 300, Duluth, GA 30097.
What is the IRS Employer Identification Number for Fox Factory Holding Corp.?
The IRS Employer Identification Number for Fox Factory Holding Corp. is 26-1647258.
What is the Standard Industrial Classification code for Fox Factory Holding Corp.?
The Standard Industrial Classification code for Fox Factory Holding Corp. is 3751, which corresponds to MOTORCYCLES, BICYCLES & PARTS.
Filing Stats: 728 words · 3 min read · ~2 pages · Grade level 13.6 · Accepted 2024-12-20 16:02:01
Key Financial Figures
- $0.001 — ich Registered Common Stock, par value $0.001 per share FOXF The NASDAQ Stock Market
Filing Documents
- foxf-20241220.htm (8-K) — 31KB
- exhibit101fourthamendmentt.htm (EX-10.1) — 1429KB
- foxf-20241220_g1.gif (GRAPHIC) — 14KB
- 0001424929-24-000135.txt ( ) — 1852KB
- foxf-20241220.xsd (EX-101.SCH) — 2KB
- foxf-20241220_lab.xml (EX-101.LAB) — 22KB
- foxf-20241220_pre.xml (EX-101.PRE) — 12KB
- foxf-20241220_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Amended and Restated Credit Agreement On December 20, 2024, Fox Factory Holding Corp., a Delaware corporation (the "Company"), entered into the Fourth Amendment ("Fourth Amendment") to the Credit Agreement, dated as of April 5, 2022 (as amended pursuant to that certain First Incremental Facility Amendment, dated as of November 14, 2023, that certain Second Amendment to Credit Agreement and First Amendment to Guaranty and Security Agreement, dated as of June 5, 2024, that certain Third Amendment to Credit Agreement, dated as of July 31, 2024, and as further amended, restated, supplemented, replaced, increased, refinanced or otherwise modified from time to time, the "Credit Agreement"), among the Company, Wells Fargo Bank, National Association, as administrative agent (the "Agent"), and a group of lenders (collectively, the "Lenders"). Terms not otherwise defined below will have the meaning as set forth in the Fourth Amendment. The Fourth Amendment, among other things, amends the Credit Agreement to amend the Consolidated Net Leverage Ratio and Consolidated Interest Coverage Ratio financial covenants to provide additional flexibility to the Company, includes a new definition for a "Covenant Relief Period," and modifies certain negative covenants, including incorporating limits on certain investments and acquisitions, during such Covenant Relief Period. The foregoing summary of the material terms and conditions of the Fourth Amendment does not purport to be complete and is subject to, and qualified in its entirety by, reference to the complete text of the Fourth Amendment which is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information included or incorporated by reference in Item 1.01 of this Current Report on Form 8-K is inco
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibits are furnished herewith: Exhibit Number Description 10.1 Fourth Amendment to the Credit Agreement, dated December 20, 2024, among Fox Factory Holding Corp., Wells Fargo Bank, National Association, and other financial institutions party thereto. 104 Cover Page Interactive Data File (embedded with 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 hereunto duly authorized. Fox Factory Holding Corp. Date: December 20, 2024 By: /s/ Michael C. Dennison Michael C. Dennison Chief Executive Officer