Trimble Inc. Signs Material Definitive Agreement
Ticker: TRMB · Form: 8-K · Filed: Jan 15, 2025 · CIK: 864749
| Field | Detail |
|---|---|
| Company | Trimble Inc. (TRMB) |
| Form Type | 8-K |
| Filed Date | Jan 15, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, new-contract
TL;DR
Trimble signed a big deal, details TBD.
AI Summary
On January 9, 2025, Trimble Inc. entered into a material definitive agreement. The filing does not provide specific details about the agreement, the other party involved, or any associated financial figures. Further information is expected to be disclosed in subsequent filings.
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 lack of specific details in this filing creates uncertainty about the nature and impact of the material definitive agreement.
Key Players & Entities
- Trimble Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- January 9, 2025 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Trimble Inc.?
The filing does not specify the nature of the material definitive agreement.
Who is the other party to this material definitive agreement?
The filing does not disclose the identity of the other party involved in the agreement.
What is the effective date of this material definitive agreement?
The earliest event reported is January 9, 2025, which is the date of the report.
Are there any financial terms or obligations associated with this agreement disclosed in the filing?
No financial terms or obligations related to the agreement are disclosed in this filing.
Will more details about this agreement be provided in future filings?
While not explicitly stated, material definitive agreements typically have further details disclosed in subsequent filings or exhibits.
Filing Stats: 773 words · 3 min read · ~3 pages · Grade level 12.1 · Accepted 2025-01-15 17:18:12
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value per share TRMB NASDAQ Global
Filing Documents
- trmb-20250109.htm (8-K) — 29KB
- consentandwaiveragreementj.htm (EX-10.1) — 57KB
- 0000864749-25-000008.txt ( ) — 215KB
- trmb-20250109.xsd (EX-101.SCH) — 2KB
- trmb-20250109_lab.xml (EX-101.LAB) — 21KB
- trmb-20250109_pre.xml (EX-101.PRE) — 12KB
- trmb-20250109_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. As disclosed on Current Reports on Form 8-K filed by Trimble Inc. (the "Company") on May 22, 2024, July 29, 2024, October 10, 2024 and December 11, 2024, the Company has previously obtained four separate Consent and Waiver Agreements (each, a "Consent and Waiver") relating to the Credit Agreement, dated as of March 24, 2022, as amended (the "Credit Agreement"), under which the Lenders party to the Credit Agreement and the Administrative Agent agreed to extend the Company's deadline to deliver the Financial Deliverables (the "Financial Reporting Deadline") for the fiscal quarters ending March 29, 2024, June 28, 2024 and September 27, 2024, and to waive any Default or Event of Default resulting solely from the non-delivery of such Financial Deliverables on or prior to the original deadlines set forth in the Credit Agreement (where capitalized terms, if not defined herein, are as defined in the Credit Agreement). The fourth Consent and Waiver extended the Financial Reporting Deadline to January 10, 2025. On January 9, 2025, the Company obtained a fifth Consent and Waiver (the "Fifth Consent and Waiver") relating to the Credit Agreement. Under the Fifth Consent and Waiver, the Lenders and the Administrative Agent agreed to further extend the Financial Reporting Deadline to February 10, 2025 for the fiscal quarters ending March 29, 2024, June 28, 2024 and September 27, 2024 and to waive any Default or Event of Default resulting solely from the non-delivery of such Financial Deliverables on or prior to the original deadline set forth in the Credit Agreement. The foregoing description of the Fifth Consent and Waiver does not purport to be complete and is qualified in its entirety by reference to the full text of the Fifth Consent and Waiver, a copy of which is attached hereto as Exhibit 10.1. The previously disclosed assessment of the impacts related to the Company's internal controls over financial reporting by man
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exh. No. Description 10.1 Consent and Waiver, dated January 9, 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 Date: January 14, 2025 By: /s/ PHILLIP SAWARYNSKI Phillip Sawarynski Chief Financial Officer