Trimble 8-K Signals Officer/Director Changes, Comp Arrangements
Ticker: TRMB · Form: 8-K · Filed: Jan 30, 2024 · CIK: 864749
| Field | Detail |
|---|---|
| Company | Trimble Inc. (TRMB) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $800.0 million, $750.0 m, $115.3 million |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-changes, compensatory-arrangements, corporate-governance
TL;DR
**Trimble filed an 8-K hinting at executive changes and compensation updates, keep an eye out for details.**
AI Summary
Trimble Inc. filed an 8-K on January 30, 2024, reporting an event that occurred on January 28, 2024. This filing indicates changes related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Other Events'. While the specific details of these changes are not fully elaborated in this summary, investors should pay attention to subsequent filings or company announcements to understand the impact of any executive or director changes and their compensation, as this can influence company strategy and performance.
Why It Matters
Changes in leadership or executive compensation can signal shifts in company strategy, governance, or financial health, directly impacting investor confidence and future stock performance.
Risk Assessment
Risk Level: medium — The filing indicates potential changes in leadership and compensation, which can introduce uncertainty regarding future company direction and stability.
Analyst Insight
A smart investor would monitor Trimble Inc.'s subsequent filings (e.g., 10-K, proxy statements) or press releases for detailed information regarding the specific officers or directors involved and the nature of any new compensatory arrangements, as these details will clarify the impact of this 8-K.
Key Players & Entities
- Trimble Inc. (company) — the registrant filing the 8-K
- January 28, 2024 (date) — date of the earliest event reported
- January 30, 2024 (date) — date the 8-K was filed
- 001-14845 (other) — Commission File Number for Trimble Inc.
- TRMB (other) — Trading Symbol for Trimble Inc.
- NASDAQ Global Select Market (other) — exchange where Trimble Inc. Common Stock is registered
FAQ
What specific items were reported in this 8-K filing by Trimble Inc.?
Trimble Inc. reported 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Other Events' under Item 5.02 and Item 8.01 respectively, as well as 'Financial Statements and Exhibits' under Item 9.01.
When did the earliest event reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on January 28, 2024.
What is the trading symbol and the exchange where Trimble Inc.'s common stock is registered?
Trimble Inc.'s common stock trades under the symbol TRMB and is registered on the NASDAQ Global Select Market.
What is Trimble Inc.'s business address and phone number?
Trimble Inc.'s business address is 10368 Westmoor Dr, Westminster, CO 80021, and its telephone number is (720) 887-6100.
What was Trimble Inc.'s former company name and when did it change?
Trimble Inc.'s former company name was TRIMBLE NAVIGATION LTD /CA/, and the name change occurred on March 28, 1993.
Filing Stats: 748 words · 3 min read · ~2 pages · Grade level 9.9 · Accepted 2024-01-30 16:56:11
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value per share TRMB NASDAQ Global
- $800.0 million — tors authorized the repurchase of up to $800.0 million in shares of the Company's common stock
- $750.0 m — places the prior authorization of up to $750.0 million, of which $115.3 million was rema
- $115.3 million — ation of up to $750.0 million, of which $115.3 million was remaining at the end of 2023 but is
Filing Documents
- trmb-20240128.htm (8-K) — 32KB
- exh101pr24-01x30.htm (EX-10.1) — 11KB
- 0000864749-24-000008.txt ( ) — 173KB
- trmb-20240128.xsd (EX-101.SCH) — 2KB
- trmb-20240128_lab.xml (EX-101.LAB) — 25KB
- trmb-20240128_pre.xml (EX-101.PRE) — 13KB
- trmb-20240128_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. On January 28, 2024, the Board of Directors authorized the repurchase of up to $800.0 million in shares of the Company's common stock, effective immediately. The stock repurchase authorization does not have an expiration date and replaces the prior authorization of up to $750.0 million, of which $115.3 million was remaining at the end of 2023 but is now cancelled. Under the stock repurchase program, the Company may repurchase shares of the Company's common stock from time to time, through accelerated share repurchase programs, open market transactions, privately-negotiated transactions, block purchases, tender offers or other means. The program may be suspended, modified or discontinued at any time at the Company's discretion without prior notice. The press release announcing the stock repurchase program is attached as Exhibit 99.1 and incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 99.1 Press Release, dated as of January 30 , 2024, of Trimble Inc. 104 The cover page from this Report on Form 8-K, 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. TRIMBLE INC. a Delaware corporation Dated: January 30, 2024 By: /s/ JENNIFER A. ALLISON Jennifer A. Allison Vice President, General Counsel and Secretary