Trimble 8-K Signals Officer/Director Changes, Comp Arrangements

TL;DR

**Trimble filed an 8-K hinting at executive changes and compensation updates, keep an eye out for details.**

AI Summary

Trimble Inc. filed an 8-K on January 30, 2024, reporting an event that occurred on January 28, 2024. This filing indicates changes related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Other Events'. While the specific details of these changes are not fully elaborated in this summary, investors should pay attention to subsequent filings or company announcements to understand the impact of any executive or director changes and their compensation, as this can influence company strategy and performance.

Why It Matters

Changes in leadership or executive compensation can signal shifts in company strategy, governance, or financial health, directly impacting investor confidence and future stock performance.

Risk Assessment

Risk Level: medium — The filing indicates potential changes in leadership and compensation, which can introduce uncertainty regarding future company direction and stability.

Analyst Insight

A smart investor would monitor Trimble Inc.'s subsequent filings (e.g., 10-K, proxy statements) or press releases for detailed information regarding the specific officers or directors involved and the nature of any new compensatory arrangements, as these details will clarify the impact of this 8-K.

Key Players & Entities

• Trimble Inc. (company) — the registrant filing the 8-K
• January 28, 2024 (date) — date of the earliest event reported
• January 30, 2024 (date) — date the 8-K was filed
• 001-14845 (other) — Commission File Number for Trimble Inc.
• TRMB (other) — Trading Symbol for Trimble Inc.
• NASDAQ Global Select Market (other) — exchange where Trimble Inc. Common Stock is registered

FAQ

From the Filing

0000864749-24-000008.txt : 20240130 0000864749-24-000008.hdr.sgml : 20240130 20240130165611 ACCESSION NUMBER: 0000864749-24-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240128 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240130 DATE AS OF CHANGE: 20240130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRIMBLE INC. CENTRAL INDEX KEY: 0000864749 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 942802192 STATE OF INCORPORATION: DE FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14845 FILM NUMBER: 24578949 BUSINESS ADDRESS: STREET 1: 10368 WESTMOOR DR CITY: WESTMINSTER STATE: CO ZIP: 80021 BUSINESS PHONE: (720) 887-6100 MAIL ADDRESS: STREET 1: 10368 WESTMOOR DR CITY: WESTMINSTER STATE: CO ZIP: 80021 FORMER COMPANY: FORMER CONFORMED NAME: TRIMBLE NAVIGATION LTD /CA/ DATE OF NAME CHANGE: 19930328 8-K 1 trmb-20240128.htm 8-K trmb-20240128 0000864749 false 0000864749 2024-01-28 2024-01-28 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 28, 2024 Trimble Inc. (Exact name of registrant as specified in its charter) Delaware   001-14845   94-2802192 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer I.D. No.) 10368 Westmoor Dr , Westminster , CO   80021 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: ( 720 ) 887-6100 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 par value per share TRMB NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐ Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐ Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers. On January 28, 2024, the Board of Directors (the “ Board of Directors ”) of Trimble Inc. (the “ Company ”) expanded the Board of Directors from nine to eleven members and appointed Kara Sprague and Ron Nersesian to serve as directors of the Company, effective as of February 5, 2024. Neither Ms. Sprague nor Mr. Nersesian has yet been appointed to serve on any committee of the Board of Direct