Trimble Inc. Files 8-K for Material Definitive Agreement

TL;DR

Trimble signed a big deal, filing an 8-K on 5/21.

AI Summary

On May 21, 2024, Trimble Inc. entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. Specific details of the agreement, including the counterparty and financial terms, are not provided in this excerpt.

Why It Matters

This filing indicates a significant new contract or partnership for Trimble Inc., which could impact its future revenue and strategic direction.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which could carry significant financial or operational implications, but the lack of specific details prevents a definitive risk assessment.

Key Players & Entities

• Trimble Inc. (company) — Registrant
• May 21, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value per share TRMB NASDAQ Global

Filing Documents

• trmb-20240521.htm (8-K) — 29KB
• ex101-consentandwaiveragre.htm (EX-10.1) — 44KB
• 0000864749-24-000151.txt ( ) — 204KB
• trmb-20240521.xsd (EX-101.SCH) — 2KB
• trmb-20240521_lab.xml (EX-101.LAB) — 22KB
• trmb-20240521_pre.xml (EX-101.PRE) — 13KB
• trmb-20240521_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. As previously disclosed on a Form 12b-25 filed by Trimble Inc. (the " Company ") on May 8, 2024, the Company was unable to file its Quarterly Report on Form 10-Q for the period ended March 29, 2024 by the prescribed due date. In connection therewith, the Company has obtained, on May 21, 2024, a Consent and Waiver (the " Consent and Waiver ") relating to the Credit Agreement, dated March 24, 2022, as amended (the " Credit Agreement "). Under the Consent and Waiver, the Lenders party to the Credit Agreement and the Administrative Agent agreed to extend to August 12, 2024 the Company's deadline to deliver the Financial Deliverables for the fiscal quarter ending March 29, 2024 and to waive any Default or Event of Default resulting solely from the non-delivery of the Financial Deliverables on or prior to the original deadline set forth in the Credit Agreement (where capitalized terms, if not defined herein, are as defined in the Credit Agreement). The foregoing description of the Consent and Waiver does not purport to be complete and is qualified in its entirety by reference to the full text of the Consent and Waiver, a copy of which is attached hereto as Exhibit 10.1.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exh. No. Description 10.1 Consent and Waiver, dated May 21, 2024, to the Credit Agreement, dated March 24, 2022, as amended, by and among Trimble Inc., the Lenders party thereto and Bank of America, N.A., as Administrative Agent 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: May 22, 2024 By: /s/ David G. Barnes David G. Barnes Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR