Trimble 8-K: Executive Changes & Compensation Reported

Ticker: TRMB · Form: 8-K · Filed: 2024-02-01T00:00:00.000Z

Sentiment: neutral

Topics: executive-change, compensation, corporate-governance

TL;DR

**Trimble filed an 8-K on Jan 29, 2024, signaling executive changes and compensation updates.**

AI Summary

Trimble Inc. filed an 8-K on February 1, 2024, reporting an event that occurred on January 29, 2024. This filing is a standard current report indicating a change in the company's status or operations, specifically related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'. For investors, this matters because changes in executive leadership or their compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.

Why It Matters

Changes in executive leadership or their compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.

Risk Assessment

Risk Level: medium — Changes in leadership can introduce uncertainty, but the specific details of the changes are not provided in this summary, making the risk level moderate.

Analyst Insight

A smart investor would monitor Trimble Inc.'s subsequent filings or press releases for specific details regarding the executive changes and compensation arrangements to understand their potential impact on company strategy and performance.

Key Numbers

001-14845 — Commission File Number (identifies Trimble Inc.'s registration with the SEC)
94-2802192 — IRS Employer I.D. No. (identifies Trimble Inc. for tax purposes)
$0.001 — par value per share (par value of Trimble Inc. Common Stock)

Key Players & Entities

Trimble Inc. (company) — the registrant filing the 8-K
January 29, 2024 (date) — date of the earliest event reported
February 1, 2024 (date) — date the 8-K was filed
001-14845 (dollar_amount) — Commission File Number
94-2802192 (dollar_amount) — IRS Employer I.D. No.
TRMB (company) — trading symbol for Trimble Inc.
NASDAQ Global Select Market (company) — exchange where Trimble Inc. Common Stock is registered

Forward-Looking Statements

Further details regarding the specific executive changes and compensation arrangements will be disclosed in subsequent filings or company announcements. (Trimble Inc.) — high confidence, target: Q1 2024
The market will react to the specific nature of the executive changes once more details are made public. (TRMB stock price) — medium confidence, target: within 1 week of detailed disclosure

FAQ

What is the primary purpose of this 8-K filing by Trimble Inc.?

The primary purpose of this 8-K filing is to report 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits' as of January 29, 2024.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 29, 2024.

What is Trimble Inc.'s trading symbol and on which exchange is its common stock registered?

Trimble Inc.'s trading symbol is TRMB, and its Common Stock, $0.001 par value per share, is registered on the NASDAQ Global Select Market.

What is the business address and phone number of Trimble Inc. as stated in the filing?

Trimble Inc.'s business address is 10368 Westmoor Dr, Westminster, CO 80021, and its telephone number is (720) 887-6100.

Under which items of Form 8-K is this report filed?

This report is filed under ITEM INFORMATION: 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and ITEM INFORMATION: 'Financial Statements and Exhibits'.

From the Filing

0000864749-24-000011.txt : 20240201 0000864749-24-000011.hdr.sgml : 20240201 20240201170059 ACCESSION NUMBER: 0000864749-24-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240129 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240201 DATE AS OF CHANGE: 20240201 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: 24587773 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-20240129.htm 8-K trmb-20240129 0000864749 false 0000864749 2024-01-29 2024-01-29 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 29, 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. As previously announced on November 1, 2023 by Trimble Inc. ( “Trimble” or the “Company” ) Phillip Sawarynski, who currently serves as the Company’s Vice President of Corporate Development, Treasurer, and Managing Director and Co-Lead at Trimble Ventures, will become its new Chief Financial Officer effective at the end of May 2024. In connection with his appointment, Mr. Sawarynski will receive an annual base salar