Smith & Wesson Brands Enters Material Agreement
Ticker: SWBI · Form: 8-K · Filed: Oct 4, 2024 · CIK: 1092796
| Field | Detail |
|---|---|
| Company | Smith & Wesson Brands, Inc. (SWBI) |
| Form Type | 8-K |
| Filed Date | Oct 4, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $175.0 million, $5.0 million, $50.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, corporate-actions
Related Tickers: SWHC
TL;DR
SWHC inks new deal, expect financial moves.
AI Summary
On October 3, 2024, Smith & Wesson Brands, Inc. entered into a Material Definitive Agreement and incurred a Direct Financial Obligation. The company, formerly known as Smith & Wesson Holding Corp, is incorporated in Nevada and has its principal business address in Springfield, MA.
Why It Matters
This filing indicates a significant new financial commitment or agreement for Smith & Wesson Brands, which could impact its future operations and financial standing.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet its obligations.
Key Numbers
- 001-31552 — SEC File Number (Identifies the company's filing with the SEC.)
- 87-0543688 — IRS Number (Company's Employer Identification Number.)
Key Players & Entities
- Smith & Wesson Brands, Inc. (company) — Registrant
- Smith & Wesson Holding Corp (company) — Former Company Name
- October 3, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- Springfield, MA (location) — Business Address City and State
FAQ
What type of Material Definitive Agreement did Smith & Wesson Brands, Inc. enter into?
The filing indicates the entry into a Material Definitive Agreement and a Direct Financial Obligation, but the specific details of the agreement are not provided in this summary section.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on October 3, 2024.
What is the state of incorporation for Smith & Wesson Brands, Inc.?
Smith & Wesson Brands, Inc. is incorporated in Nevada.
What was Smith & Wesson Brands, Inc. formerly known as?
The company was formerly known as Smith & Wesson Holding Corp.
Where is the principal business address of Smith & Wesson Brands, Inc.?
The principal business address is 2100 Roosevelt Avenue, Springfield, MA 01104.
Filing Stats: 1,067 words · 4 min read · ~4 pages · Grade level 11.5 · Accepted 2024-10-04 16:39:02
Key Financial Figures
- $0.001 — ich registered Common Stock, Par Value $0.001 per Share SWBI Nasdaq Global Select
- $175.0 million — volving line of credit in the amount of $175.0 million at any one time, or the Revolving Line.
- $5.0 million — gline facility in the maximum amount of $5.0 million at any one time (subject to availabilit
- $50.0 million — ne by an aggregate amount not exceeding $50.0 million. The Revolving Line matures on the ea
Filing Documents
- d896305d8k.htm (8-K) — 29KB
- d896305dex10126.htm (EX-10.126) — 856KB
- 0001193125-24-233102.txt ( ) — 1208KB
- swbi-20241003.xsd (EX-101.SCH) — 3KB
- swbi-20241003_lab.xml (EX-101.LAB) — 17KB
- swbi-20241003_pre.xml (EX-101.PRE) — 11KB
- d896305d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. 10.126 Second Amended and Restated Credit Agreement, dated October 3, 2024, by and among the Registrant, Smith & Wesson Sales Company, Smith & Wesson Inc., the Guarantors, the Lenders and TD Bank, N.A. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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. SMITH & WESSON BRANDS, INC. Date: October 4, 2024 By: /s/ Deana L. McPherson Deana L. McPherson Executive Vice President, Chief Financial Officer, Treasurer, and Assistant Secretary