Trimble Inc. Files 8-K: Delisting Notice & Listing Transfer

TL;DR

Trimble 8-K filed: Delisting notice and listing transfer event on Aug 16.

AI Summary

Trimble Inc. filed an 8-K on August 21, 2024, reporting an event on August 16, 2024. The filing indicates a notice of delisting or failure to satisfy a continued listing rule or standard, and a transfer of listing. It also includes Regulation FD Disclosure and Financial Statements and Exhibits.

Why It Matters

This filing signals potential significant changes in Trimble Inc.'s stock listing status, which could impact its market accessibility and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards is a serious concern that can significantly impact a company's stock and operations.

Key Players & Entities

• Trimble Inc. (company) — Registrant
• August 16, 2024 (date) — Earliest event reported
• August 21, 2024 (date) — Date of report
• Delaware (jurisdiction) — State of incorporation
• 001-14845 (string) — Commission File Number

FAQ

Key Financial Figures

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

Filing Documents

• trmb-20240816.htm (8-K) — 37KB
• ex991-pressreleasenasdaqno.htm (EX-99.1) — 7KB
• 0000864749-24-000214.txt ( ) — 169KB
• trmb-20240816.xsd (EX-101.SCH) — 2KB
• trmb-20240816_lab.xml (EX-101.LAB) — 21KB
• trmb-20240816_pre.xml (EX-101.PRE) — 12KB
• trmb-20240816_htm.xml (XML) — 3KB

01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. As previously disclosed in a Form 12b-25 Notification of Late Filing filed by Trimble Inc. (the " Company ") on August 7, 2024 (the " Q2 Form 12b-25 "), the Company is delayed in filing its Quarterly Report on Form 10-Q for the period ended June 28, 2024 (the " Q2 Form 10-Q ") with the U.S. Securities and Exchange Commission (the " SEC "). On August 16, 2024, the Company received a notice (the " Q2 Notice ") from The Nasdaq Stock Market LLC (" Nasdaq "), notifying the Company that, because the Company is delinquent in filing its Q2 Form 10-Q, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the " Listing Rule "), which requires companies with securities listed on Nasdaq to timely file all required periodic reports with the SEC. The Company has until August 31, 2024 to submit an update to the plan of compliance previously submitted to Nasdaq, and, following receipt of such update, Nasdaq may grant an extension for the Company to regain compliance. The Q2 Notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market. As previously disclosed on a Current Report on Form 8-K filed with the SEC on May 17, 2024, the Company had received a notice from Nasdaq indicating that as a result of not having timely filed its Quarterly Report on Form 10-Q for the period ended March 29, 2024 (the " Q1 Form 10-Q "), the Company was not in compliance with the Listing Rule (the " Q1 Notice "). The Company has timely submitted a plan to regain compliance in response to the Q1 Notice. On August 16, 2024, Nasdaq granted the Company the full requested extension until November 11, 2024 to regain compliance. The Company intends to take the necessary steps to regain compliance with the Listing Rule as soon as practicable.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On August 21, 2024, the Company issued a press release disclosing the receipt of the Q2 Notice. A copy of the press release is being furnished herewith as Exhibit 99.1. The information furnished in this Item 7.01 and Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Forward-Looking Statements

Forward-Looking Statements This document and the exhibits contain forward-looking statements within the meaning of Section 21E of the Exchange Act, as amended, which are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the timing and expectations regarding the Company's and Ernst & Young LLP's (" EY ") assessment process and the filing of the Q1 Form 10-Q and Q2 Form 10-Q, statements relating to the Company's plan to regain compliance with Nasdaq's listing rules, as well as all statements that are not historical facts . These forward-looking statements are subject to change, and actual results may materially differ from those set forth in this Current Report due to certain risks and uncertainties. Factors that could cause or contribute to changes in such forward-looking statements include, but are not limited to, the expected timing and results of EY's completion of its additional audit procedures ; the risk that the completion and filing of the Q1 Form 10-Q and Q2 Form 10-Q will take longer than expected; uncertainties about the timing of the Company's submission of an update to the previously submitted compliance plan; Nasdaq's acceptance of any such update; the duration of any extension that may be granted by Nasdaq; and the risk that the Company will be unable to meet Nasdaq's continued listing requirements. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements set forth in reports filed with the SEC, including the Company's current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K, such as statements regarding changes in economic conditions and the impact of competition. Undue reliance should not be placed on any forward-looking statement contained herein. These statements reflect the Company's position as of the date of this Current

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release, dated August 21, 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 Date: August 21, 2024 By: /s/ Phillip Sawarynski Phillip Sawarynski Chief Financial Officer

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View this 8-K filing on SEC EDGAR