Martin Marietta Materials Enters Definitive Agreement
Ticker: MLM · Form: 8-K · Filed: Nov 1, 2024 · CIK: 916076
| Field | Detail |
|---|---|
| Company | Martin Marietta Materials INC (MLM) |
| Form Type | 8-K |
| Filed Date | Nov 1, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $750 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: definitive-agreement, financial-statements, regulation-fd
Related Tickers: MLM
TL;DR
MLM signed a big deal, filed financials. Keep an eye on this.
AI Summary
On October 31, 2024, Martin Marietta Materials Inc. entered into a material definitive agreement. The company also made a Regulation FD disclosure and filed financial statements and exhibits. The filing details are for the period ending October 31, 2024.
Why It Matters
This filing indicates a significant new agreement for Martin Marietta Materials, which could impact its future operations and financial performance.
Risk Assessment
Risk Level: low — The filing reports on a definitive agreement and financial disclosures, which are standard corporate actions and do not inherently signal high risk.
Key Players & Entities
- Martin Marietta Materials Inc. (company) — Registrant
- October 31, 2024 (date) — Date of earliest event reported
- North Carolina (location) — State of incorporation
- Raleigh (location) — City of principal executive offices
FAQ
What type of material definitive agreement did Martin Marietta Materials Inc. enter into?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on October 31, 2024.
What is the significance of the Regulation FD disclosure mentioned in the filing?
A Regulation FD disclosure ensures that material information is broadly disseminated to the public, preventing selective disclosure to certain investors.
When is the fiscal year end for Martin Marietta Materials Inc.?
The fiscal year end for Martin Marietta Materials Inc. is December 31.
What is the principal business address of Martin Marietta Materials Inc.?
The principal executive offices are located at 4123 Parklake Ave, Raleigh, North Carolina 27612.
What is the SIC code for Martin Marietta Materials Inc.?
The Standard Industrial Classification (SIC) code for Martin Marietta Materials Inc. is 1400, which corresponds to Mining, Quarrying of Nonmetallic Minerals (No Fuels).
Filing Stats: 744 words · 3 min read · ~2 pages · Grade level 10.5 · Accepted 2024-11-01 08:36:50
Key Financial Figures
- $750 million — t. In connection with the offering of $750 million aggregate principal amount of 5.150% Se
Filing Documents
- form8-k.htm (8-K) — 33KB
- ex1-1.htm (EX-1.1) — 305KB
- ex99-1.htm (EX-99.1) — 10KB
- csm_dcfooter.jpg (GRAPHIC) — 52KB
- csm_letterhead.jpg (GRAPHIC) — 4KB
- csm_logofooter.jpg (GRAPHIC) — 17KB
- csm_nyfooter.jpg (GRAPHIC) — 53KB
- csm_ukfooter.jpg (GRAPHIC) — 51KB
- image00003.jpg (GRAPHIC) — 15KB
- image00004.jpg (GRAPHIC) — 10KB
- image_01.jpg (GRAPHIC) — 5KB
- 0000950157-24-001462.txt ( ) — 831KB
- mlm-20241031.xsd (EX-101.SCH) — 4KB
- mlm-20241031_lab.xml (EX-101.LAB) — 21KB
- mlm-20241031_pre.xml (EX-101.PRE) — 16KB
- form8-k_htm.xml (XML) — 4KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. In connection with the offering of $750 million aggregate principal amount of 5.150% Senior Notes due 2034 (the "2034 Notes") and $750 million aggregate principal amount of 5.500% Senior Notes due 2054 (the "2054 Notes" and, together with the 2034 Notes, the "Notes") on October 31, 2024, Martin Marietta Materials, Inc. ("Martin Marietta" or the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters named therein (the "Underwriters") pursuant to which the Underwriters agreed to purchase the Notes from the Company. The Underwriting Agreement contains the terms and conditions of the offering and sale of the Notes, indemnification and contribution obligations and other customary terms and conditions. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, which is attached hereto as Exhibit 1.1 and incorporated by reference herein.
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. In accordance with General Instruction B.2. of Form 8-K, the following information and the attached Exhibit 99.1 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended. Martin Marietta disclaims any intention or obligation to update or revise this information. Attached as Exhibit 99.1, and incorporated herein by reference, is a copy of Martin Marietta's press release dated October 31, 2024, announcing the pricing of the Notes. This current report does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
01. Financial
Item 9.01. Financial (d) Exhibit No. Exhibit 1.1 Underwriting Agreement, dated as of October 31, 2024, between Martin Marietta Materials, Inc. and Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC, as representatives of the several underwriters named therein. 99.1 Press release announcing pricing terms of debt offering, dated October 31, 2024. 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. MARTIN MARIETTA MATERIALS, INC. By: /s/ James A. J. Nickolas Name: James A. J. Nickolas Title: Executive Vice President and Chief Financial Officer Date: November 1, 2024