Commercial Metals Co Files Administrative 8-K on Jan 10, 2024
Ticker: CMC · Form: 8-K · Filed: Jan 10, 2024 · CIK: 22444
Complexity: simple
Sentiment: neutral
Topics: administrative, compliance, corporate-governance
TL;DR
**CMC filed a routine 8-K, no major news for traders.**
AI Summary
Commercial Metals Company (CMC) filed an 8-K on January 10, 2024, to report an 'Other Event' and 'Financial Statements and Exhibits'. This filing primarily serves to update administrative information, such as confirming its incorporation in Delaware and its principal executive offices at 6565 N. MacArthur Blvd., Irving, Texas 75039. For investors, this filing is largely administrative and does not contain new financial or operational news that would directly impact the stock price, but it confirms the company's compliance with SEC reporting requirements.
Why It Matters
This filing is mostly administrative, confirming basic company details and SEC compliance. It doesn't contain new financial or operational news that would directly move the stock.
Risk Assessment
Risk Level: low — This 8-K is purely administrative and does not disclose any new risks or material changes to the company's operations or financial health.
Analyst Insight
A smart investor would note this filing as routine compliance and not expect any immediate stock price movement. It's a good reminder to check for more substantive filings like 10-Qs or 10-Ks for material news.
Key Players & Entities
- Commercial Metals Company (company) — the registrant filing the 8-K
- Delaware (company) — state of incorporation for Commercial Metals Company
- 6565 N. MacArthur Blvd., Irving, Texas 75039 (dollar_amount) — principal executive offices address
- CMC (company) — trading symbol for Commercial Metals Company
- New York Stock Exchange (company) — exchange where CMC's Common Stock is registered
FAQ
What is the purpose of this 8-K filing by Commercial Metals Company?
This 8-K filing by Commercial Metals Company (CMC) is categorized under 'Other Events' and 'Financial Statements and Exhibits', primarily serving to update and confirm administrative details such as its incorporation state and principal executive offices, as reported on January 10, 2024.
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant as specified in its charter is Commercial Metals Company.
Where are Commercial Metals Company's principal executive offices located?
Commercial Metals Company's principal executive offices are located at 6565 N. MacArthur Blvd., Irving, Texas 75039.
What is the trading symbol and the exchange where Commercial Metals Company's common stock is registered?
The trading symbol for Commercial Metals Company's Common Stock is CMC, and it is registered on the New York Stock Exchange.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 10, 2024.
Filing Stats: 480 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-01-10 16:45:29
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value CMC New York Stock Exchan
- $850.0 m — e repurchase program to an aggregate of $850.0 million, up from the $350.0 million autho
- $350.0 million — ggregate of $850.0 million, up from the $350.0 million authorized by the Board in October 2021
- $40 million — he Board in October 2021. Approximately $40 million of capacity was remaining under the sha
Filing Documents
- d714577d8k.htm (8-K) — 25KB
- d714577dex991.htm (EX-99.1) — 12KB
- g714577g0108174729986.jpg (GRAPHIC) — 3KB
- 0001193125-24-005989.txt ( ) — 161KB
- cmc-20240110.xsd (EX-101.SCH) — 3KB
- cmc-20240110_lab.xml (EX-101.LAB) — 17KB
- cmc-20240110_pre.xml (EX-101.PRE) — 11KB
- d714577d8k_htm.xml (XML) — 3KB
01
Item 8.01 Other Events. On January 10, 2024, Commercial Metals Company (the "Company") issued a press release announcing that the board of directors of the Company (the "Board") authorized an increase of the Company's ongoing share repurchase program to an aggregate of $850.0 million, up from the $350.0 million authorized by the Board in October 2021. Approximately $40 million of capacity was remaining under the share repurchase program prior to the increase. A copy of the Company's press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release issued by Commercial Metals Company on January 10, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. COMMERCIAL METALS COMPANY Date: January 10, 2024 By: /s/ Paul J. Lawrence Name: Paul J. Lawrence Title: Senior Vice President and Chief Financial Officer