Trimble 8-K: Executive Changes & Compensation Reported
Ticker: TRMB · Form: 8-K · Filed: Feb 1, 2024 · CIK: 864749
| Field | Detail |
|---|---|
| Company | Trimble Inc. (TRMB) |
| Form Type | 8-K |
| Filed Date | Feb 1, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $450,000, $1,000,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-change, compensation, corporate-governance
TL;DR
**Trimble filed an 8-K on Jan 29, 2024, signaling executive changes and compensation updates.**
AI Summary
Trimble Inc. filed an 8-K on February 1, 2024, reporting an event that occurred on January 29, 2024. This filing is a standard current report indicating a change in the company's status or operations, specifically related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'. For investors, this matters because changes in executive leadership or their compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership or their compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.
Risk Assessment
Risk Level: medium — Changes in leadership can introduce uncertainty, but the specific details of the changes are not provided in this summary, making the risk level moderate.
Analyst Insight
A smart investor would monitor Trimble Inc.'s subsequent filings or press releases for specific details regarding the executive changes and compensation arrangements to understand their potential impact on company strategy and performance.
Key Numbers
- 001-14845 — Commission File Number (identifies Trimble Inc.'s registration with the SEC)
- 94-2802192 — IRS Employer I.D. No. (identifies Trimble Inc. for tax purposes)
- $0.001 — par value per share (par value of Trimble Inc. Common Stock)
Key Players & Entities
- Trimble Inc. (company) — the registrant filing the 8-K
- January 29, 2024 (date) — date of the earliest event reported
- February 1, 2024 (date) — date the 8-K was filed
- 001-14845 (dollar_amount) — Commission File Number
- 94-2802192 (dollar_amount) — IRS Employer I.D. No.
- TRMB (company) — trading symbol for Trimble Inc.
- NASDAQ Global Select Market (company) — exchange where Trimble Inc. Common Stock is registered
Forward-Looking Statements
- Further details regarding the specific executive changes and compensation arrangements will be disclosed in subsequent filings or company announcements. (Trimble Inc.) — high confidence, target: Q1 2024
- The market will react to the specific nature of the executive changes once more details are made public. (TRMB stock price) — medium confidence, target: within 1 week of detailed disclosure
FAQ
What is the primary purpose of this 8-K filing by Trimble Inc.?
The primary purpose of this 8-K filing is to report 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits' as of January 29, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 29, 2024.
What is Trimble Inc.'s trading symbol and on which exchange is its common stock registered?
Trimble Inc.'s trading symbol is TRMB, and its Common Stock, $0.001 par value per share, is registered on the NASDAQ Global Select Market.
What is the business address and phone number of Trimble Inc. as stated in the filing?
Trimble Inc.'s business address is 10368 Westmoor Dr, Westminster, CO 80021, and its telephone number is (720) 887-6100.
Under which items of Form 8-K is this report filed?
This report is filed under ITEM INFORMATION: 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and ITEM INFORMATION: 'Financial Statements and Exhibits'.
Filing Stats: 900 words · 4 min read · ~3 pages · Grade level 12 · Accepted 2024-02-01 17:00:59
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value per share TRMB NASDAQ Global
- $450,000 — i will receive an annual base salary of $450,000; will be eligible to participate in Tri
- $1,000,000 — at 80% of base salary; and will receive $1,000,000 in restricted stock units as a promotio
Filing Documents
- trmb-20240129.htm (8-K) — 36KB
- ex101offerletter.htm (EX-10.1) — 13KB
- image_1a.jpg (GRAPHIC) — 38KB
- 0000864749-24-000011.txt ( ) — 230KB
- trmb-20240129.xsd (EX-101.SCH) — 2KB
- trmb-20240129_lab.xml (EX-101.LAB) — 25KB
- trmb-20240129_pre.xml (EX-101.PRE) — 13KB
- trmb-20240129_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Offer Letter to Phillip Sawarynski , accepted January 29, 2024 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: February 1, 2024 By: /s/ JENNIFER A. ALLISON Jennifer A. Allison Vice President, General Counsel and Secretary