Lineage, Inc. Files 8-K: Material Agreement & Officer Changes
Ticker: LINE · Form: 8-K · Filed: Jul 26, 2024 · CIK: 1868159
Sentiment: neutral
Topics: material-agreement, officer-changes, director-changes, corporate-governance
TL;DR
Lineage Inc. just filed an 8-K for a big new deal and some exec/board shakeups. Watch this space.
AI Summary
Lineage, Inc. announced on July 24, 2024, a material definitive agreement and changes in its officer and director positions. The company also amended its articles of incorporation and bylaws. Specific details regarding the agreement and personnel changes were not provided in this excerpt.
Why It Matters
This filing indicates significant corporate actions, including a new material agreement and changes in leadership, which could impact the company's strategic direction and operations.
Risk Assessment
Risk Level: medium — Material definitive agreements and changes in directors/officers can signal significant strategic shifts or potential disruptions, warranting closer monitoring.
Key Numbers
- 1231 — Fiscal Year End (Indicates the company's annual reporting cycle.)
Key Players & Entities
- Lineage, Inc. (company) — Registrant
- July 24, 2024 (date) — Earliest event reported
- Maryland (jurisdiction) — State of incorporation
- 001-42191 (commission_file_number) — SEC file number
- 46500 Humboldt Drive (address) — Business and mailing address
- Novi, MI 48377 (address) — City, State, Zip
- Lineage Growth Properties, Inc. (company) — Former company name
- 20210617 (date) — Date of name change
FAQ
What is the nature of the material definitive agreement entered into by Lineage, Inc. on July 24, 2024?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the excerpt.
What specific changes occurred regarding directors or officers of Lineage, Inc. on or before July 24, 2024?
The filing reports the departure of directors or certain officers, the election of directors, and the appointment of certain officers, but the names and specific roles are not detailed in this excerpt.
Were there any amendments to Lineage, Inc.'s articles of incorporation or bylaws?
Yes, the filing states that there were amendments to the articles of incorporation or bylaws.
What is the SEC file number for Lineage, Inc.?
The SEC file number for Lineage, Inc. is 001-42191.
When was Lineage, Inc. formerly known as Lineage Growth Properties, Inc. and when did the name change occur?
Lineage, Inc. was formerly known as Lineage Growth Properties, Inc., and the date of the name change was June 17, 2021.
Filing Stats: 4,606 words · 18 min read · ~15 pages · Grade level 14.7 · Accepted 2024-07-26 16:35:02
Key Financial Figures
- $0.01 — nge on which registered: Common stock $0.01 par value per share LINE The Nasdaq
- $8.0 m — gs will pay BGMC an annual fee equal to $8.0 million, or $24.0 million in the aggregat
- $24.0 million — an annual fee equal to $8.0 million, or $24.0 million in the aggregate for the three-year per
- $0.6 million — es A preferred units, in each case, for $0.6 million in cash plus any accrued but unpaid div
Filing Documents
- d813793d8k.htm (8-K) — 65KB
- d813793dex11.htm (EX-1.1) — 297KB
- d813793dex101.htm (EX-10.1) — 611KB
- d813793dex102.htm (EX-10.2) — 295KB
- d813793dex103.htm (EX-10.3) — 476KB
- d813793dex104.htm (EX-10.4) — 62KB
- d813793dex105.htm (EX-10.5) — 139KB
- d813793dex106.htm (EX-10.6) — 144KB
- d813793dex107.htm (EX-10.7) — 147KB
- d813793dex108.htm (EX-10.8) — 54KB
- d813793dex109.htm (EX-10.9) — 181KB
- d813793dex1010.htm (EX-10.10) — 46KB
- d813793dex1011.htm (EX-10.11) — 66KB
- 0001193125-24-186275.txt ( ) — 3272KB
- line-20240724.xsd (EX-101.SCH) — 3KB
- line-20240724_lab.xml (EX-101.LAB) — 18KB
- line-20240724_pre.xml (EX-101.PRE) — 11KB
- d813793d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits: The following exhibits are included with this Current Report on Form 8-K: Exhibit No. Description 1.1 Underwriting Agreement, dated July 24, 2024, among Lineage, Inc., Lineage OP, LP, Lineage Logistics Holdings, LLC and Morgan Stanley & Co. LLC, Goldman Sachs & Co., LLC BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein 3.1 Articles of Amendment and Restatement of Lineage, Inc. (incorporated by reference to Exhibit 4.1 to the Registrant's Registration Statement on Form S-8 (File No. 333-280997), filed on July 25, 2024) 3.2 Amended and Restated Bylaws of Lineage, Inc. (incorporated by reference to Exhibit 4.2 to the Registrant's Registration Statement on Form S-8 (File No. 333-280997), filed on July 25, 2024) 10.1 Agreement of Limited Partnership of Lineage OP, LP 10.2 Unit Designation – Legacy Units of Lineage OP, LP 10.3 Ninth Amended and Restated Operating Agreement of Lineage Logistics Holdings, LLC 10.4 Transition Services Agreement, dated July 24, 2024, between Lineage Logistics Holdings, LLC and Bay Grove Management Company, LLC 10.5 Stockholders Agreement, dated July 24, 2024, among Lineage, Inc. and the investors party thereto 10.6 Registration Rights Agreement, dated July 24, 2024, between Lineage, Inc. and BG Lineage Holdings, LLC 10.7 Registration Rights Agreement, dated July 24, 2024, among Lineage, Inc., Adam Forste, Kevin Marchetti and the other holders party thereto 10.8 Aircraft Time Sharing Agreement, dated July 24, 2024, between Bay Grove Capital, LLC and Lineage, Inc. 10.9 Put Option Agreement, dated July 24, 2024, among Lineage, Inc., Lineage OP, LP, Lineage Logistics Holdings, LLC and BG Lineage Holdings, LLC 10.10 Expense Reimbursement and Indemnifica