RMR Group Inc. Enters Material Definitive Agreement
Ticker: RMR · Form: 8-K · Filed: Jan 23, 2025 · CIK: 1644378
| Field | Detail |
|---|---|
| Company | Rmr Group INC. (RMR) |
| Form Type | 8-K |
| Filed Date | Jan 23, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $100 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
RMR Group Inc. signed a big deal, creating new financial obligations.
AI Summary
On January 22, 2025, RMR Group Inc. entered into a material definitive agreement, creating a direct financial obligation. The company, incorporated in Maryland, is involved in management consulting services and is headquartered in Newton, MA.
Why It Matters
This filing indicates a significant new contract or financial commitment for RMR Group Inc., which could impact its future financial obligations and operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to performance, financial strain, or market reception.
Key Numbers
- 001-37616 — SEC File Number (Identifies the company's filing with the SEC.)
- 47-4122583 — IRS Number (Company's tax identification number.)
Key Players & Entities
- RMR Group Inc. (company) — Registrant
- Maryland (jurisdiction) — State of Incorporation
- Newton, MA (location) — Business Address City, State
- 8742 (sic_code) — Standard Industrial Classification
FAQ
What type of material definitive agreement did RMR Group Inc. enter into?
The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this excerpt.
When was the earliest event reported in this filing?
The earliest event reported is dated January 22, 2025.
What is RMR Group Inc.'s Standard Industrial Classification code?
RMR Group Inc.'s SIC code is 8742, which corresponds to Services-Management Consulting Services.
Where is RMR Group Inc. headquartered?
RMR Group Inc. is headquartered in Newton, MA, with its business address listed as Two Newton Place, 255 Washington St., Suite 300.
What is the fiscal year end for RMR Group Inc.?
RMR Group Inc.'s fiscal year ends on September 30 (0930).
Filing Stats: 1,197 words · 5 min read · ~4 pages · Grade level 12.3 · Accepted 2025-01-23 08:13:01
Key Financial Figures
- $0.001 — hich Registered Class A common stock, $0.001 par value per share RMR The Nasdaq
- $100 million — Credit Agreement provides for a 3-year, $100 million senior secured revolving credit facilit
Filing Documents
- tm254142d1_8k.htm (8-K) — 32KB
- tm254142d1_ex10-1.htm (EX-10.1) — 826KB
- tm254142d1_ex99-1.htm (EX-99.1) — 12KB
- tm254142d1_ex99-1img01.jpg (GRAPHIC) — 18KB
- 0001104659-25-005461.txt ( ) — 1252KB
- rmr-20250122.xsd (EX-101.SCH) — 3KB
- rmr-20250122_lab.xml (EX-101.LAB) — 33KB
- rmr-20250122_pre.xml (EX-101.PRE) — 22KB
- tm254142d1_8k_htm.xml (XML) — 4KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On January 22, 2025, the Company issued a press release announcing the closing of the Credit Agreement. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The Company undertakes no obligation to update, supplement or amend the press release attached as Exhibits 99.1. The information in Exhibits 99.1 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits Exhibit Number Description 10.1 Credit Agreement, dated as of January 22, 2025, among The RMR Group LLC, The RMR Group Inc., RMR Residential Management Group LLC, the lenders party thereto and Citibank, N.A., as administrative agent and as collateral agent (Filed herewith) 99.1 Press Release, issued by the Company on January 22, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3 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. THE RMR GROUP INC. Date: January 22, 2025 By: /s/ Matthew P. Jordan Matthew P. Jordan Executive Vice President, Chief Financial Officer and Treasurer