PROG Holdings Enters Material Agreement, Incurs Financial Obligation
Ticker: PRG · Form: 8-K · Filed: Nov 19, 2024 · CIK: 1808834
| Field | Detail |
|---|---|
| Company | Prog Holdings, Inc. (PRG) |
| Form Type | 8-K |
| Filed Date | Nov 19, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
PROG Holdings just signed a big deal and took on new debt. Watch this space.
AI Summary
PROG Holdings, Inc. entered into a material definitive agreement on November 15, 2024. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The company was formerly known as Aaron's Holdings Company, Inc. and changed its name on April 8, 2020.
Why It Matters
This filing signals a significant new financial commitment or agreement for PROG Holdings, which could impact its future financial performance and operational strategy.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and incurring financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet its obligations.
Key Players & Entities
- PROG Holdings, Inc. (company) — Registrant
- November 15, 2024 (date) — Date of Earliest Event Reported
- Aaron's Holdings Company, Inc. (company) — Former Company Name
- April 8, 2020 (date) — Date of Name Change
FAQ
What is the nature of the material definitive agreement entered into by PROG Holdings, Inc. on November 15, 2024?
The filing indicates the entry into a material definitive agreement but does not specify its nature in the provided text.
What type of financial obligation has PROG Holdings, Inc. created?
The filing states the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details are not provided in this excerpt.
When did PROG Holdings, Inc. officially change its name from Aaron's Holdings Company, Inc.?
PROG Holdings, Inc. changed its name from Aaron's Holdings Company, Inc. on April 8, 2020.
What is the principal executive office address for PROG Holdings, Inc.?
The principal executive offices of PROG Holdings, Inc. are located at 256 W. Data Drive, Draper, Utah, 84020-2315.
What is the SIC code for PROG Holdings, Inc.?
The Standard Industrial Classification (SIC) code for PROG Holdings, Inc. is 7359, which falls under SERVICES-EQUIPMENT RENTAL & LEASING, NEC.
Filing Stats: 609 words · 2 min read · ~2 pages · Grade level 10.4 · Accepted 2024-11-19 08:15:02
Key Financial Figures
- $0.50 — ich registered Common Stock, Par Value $0.50 Per Share PRG New York Stock Exchan
Filing Documents
- d845270d8k.htm (8-K) — 26KB
- d845270dex101.htm (EX-10.1) — 1002KB
- g845270dsp20.jpg (GRAPHIC) — 3KB
- 0001193125-24-261374.txt ( ) — 1394KB
- prg-20241115.xsd (EX-101.SCH) — 3KB
- prg-20241115_lab.xml (EX-101.LAB) — 17KB
- prg-20241115_pre.xml (EX-101.PRE) — 11KB
- d845270d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 10.1 Third Amendment to Credit Agreement, dated November 15, 2024* 104 The cover page of this Current Report on Form 8-K, formatted in Inline XBRL. * Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish on a supplemental basis to the SEC a copy of any omitted schedule or exhibit upon request by the SEC. 2
SIGNATURES
SIGNATURES 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. PROG HOLDINGS, INC. By: /s/ Brian Garner Brian Garner Chief Financial Officer Date: November 19, 2024