Rush Enterprises Files 8-K for Material Agreement
Ticker: RUSHB · Form: 8-K · Filed: Jun 6, 2024 · CIK: 1012019
| Field | Detail |
|---|---|
| Company | Rush Enterprises Inc \Tx\ (RUSHB) |
| Form Type | 8-K |
| Filed Date | Jun 6, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, 8-k
TL;DR
Rush Enterprises signed a material agreement on June 1st, filing the 8-K on June 6th.
AI Summary
Rush Enterprises, Inc. filed an 8-K on June 6, 2024, reporting a material definitive agreement entered into on June 1, 2024. The filing also includes financial statements and exhibits. The company is incorporated in Texas and its principal executive offices are located in New Braunfels, Texas.
Why It Matters
This filing indicates a significant new agreement for Rush Enterprises, which could impact its business operations and financial performance.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting a material agreement and does not inherently suggest new risks.
Key Players & Entities
- Rush Enterprises, Inc. (company) — Registrant
- Texas (location) — State of incorporation and principal executive offices
- New Braunfels (location) — City of principal executive offices
- June 1, 2024 (date) — Date of earliest event reported
- June 6, 2024 (date) — Filing date
FAQ
What is the nature of the material definitive agreement?
The filing does not specify the details of the material definitive agreement, only that one was entered into on June 1, 2024.
When was the 8-K filing submitted?
The 8-K filing was submitted on June 6, 2024.
What is Rush Enterprises' state of incorporation?
Rush Enterprises is incorporated in Texas.
Where are Rush Enterprises' principal executive offices located?
Rush Enterprises' principal executive offices are located at 555 IH-35 South, Suite 500, New Braunfels, Texas.
What is the earliest event date reported in this filing?
The earliest event date reported is June 1, 2024.
Filing Stats: 957 words · 4 min read · ~3 pages · Grade level 13.1 · Accepted 2024-06-06 16:53:55
Key Financial Figures
- $0.01 — tered Class A Common Stock , par value $0.01 per share RUSHA Nasdaq Global Select
Filing Documents
- rusha20240606_8k.htm (8-K) — 33KB
- ex_684779.htm (EX-10.1) — 40KB
- ex_684780.htm (EX-10.2) — 42KB
- bmo01.jpg (GRAPHIC) — 5KB
- bmo02.jpg (GRAPHIC) — 3KB
- 0001437749-24-019483.txt ( ) — 285KB
- rusha-20240601.xsd (EX-101.SCH) — 4KB
- rusha-20240601_def.xml (EX-101.DEF) — 13KB
- rusha-20240601_lab.xml (EX-101.LAB) — 17KB
- rusha-20240601_pre.xml (EX-101.PRE) — 13KB
- rusha20240606_8k_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. First Amendment to the BMO Revolving Lease and Rental Credit Agreement Effective June 1, 2024, Rush Truck Centres of Canada Limited ("RTC-Canada"), a subsidiary of Rush Enterprises, Inc. (the "Company"), and the Company, as guarantor, entered into the First Amendment to the BMO Revolving Lease and Rental Credit Agreement (the "First BMO Revolving Lease and Rental Credit Agreement Amendment") with Bank of Montreal ("BMO"), which amended that certain BMO Revolving Lease and Rental Credit Agreement, dated as of July 15, 2022, among RTC-Canada, BMO and the Company, as guarantor (the "BMO Revolving Lease and Rental Credit Agreement"). Pursuant to the terms of the First BMO Revolving Lease and Rental Credit Agreement Amendment, the BMO Revolving Lease and Rental Credit Agreement was amended to change all references to CDOR (as defined in the BMO Revolving Lease and Rental Credit Agreement), the prior benchmark interest rate, to a benchmark interest rate based on Term CORRA (as defined in the First BMO Revolving Lease and Rental Credit Agreement) and to make other corresponding changes to reflect the transition from CDOR to CORRA. Borrowings under the BMO Revolving Lease and Rental Credit Agreement will now bear interest per annum, payable monthly, at Term CORRA, plus 1.72%. The foregoing description of the First BMO Revolving Lease and Rental Credit Agreement Amendment is qualified in its entirety by reference to the full text of the First BMO Revolving Lease and Rental Credit Agreement Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated in this Item 1.01 by reference. Second Amendment to the Amended and Restated BMO Wholesale Financing and Security Agreement Effective June 1, 2024, RTC-Canada and the Company, as guarantor, entered into the Second Amendment to the Amended and Restated BMO Wholesale Financing and Security Agreement (the "Second RTC-Canada Floor Plan
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description Exhibit 10.1 First Amendment to the BMO Lease and Rental Credit Agreement, dated as of June 1, 2024, by and among RTC-Canada, the Company and BMO. Exhibit 10.2 Second Amendment to the Amended and Restated BMO Wholesale Financing and Security Agreement, dated as of June 1, 2024, by and among RTC-Canada and BMO. Exhibit 104 Cover Page Interactive Data File (formatted in Inline XBRL)
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. RUSH ENTERPRISES, INC. Dated: June 6, 2024 By: /s/ Michael Goldstone Michael Goldstone Senior Vice President, General Counsel and Corporate Secretary