AAR Corp. Reports Material Agreement and Acquisition Completion

Ticker: AIR · Form: 8-K · Filed: 2024-03-01T00:00:00.000Z

Sentiment: neutral

Topics: acquisition, debt, material-agreement

Related Tickers: AIR

TL;DR

AAR Corp. just closed an acquisition and signed a new material agreement, likely taking on new debt.

AI Summary

On March 1, 2024, AAR CORP. entered into a material definitive agreement related to the completion of an acquisition. The company also became obligated under a new financial arrangement. This filing indicates potential new debt or financial commitments for AAR CORP.

Why It Matters

This filing signals a significant corporate action for AAR Corp., potentially involving new debt or financial obligations that could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The creation of a direct financial obligation or an obligation under an off-balance sheet arrangement suggests potential new debt or financial commitments that could increase financial risk.

Key Players & Entities

AAR CORP. (company) — Filer of the 8-K report
March 1, 2024 (date) — Date of earliest event reported

FAQ

What type of material definitive agreement did AAR Corp. enter into?

The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in this summary.

What was acquired or disposed of by AAR Corp. on March 1, 2024?

The filing states the completion of an acquisition or disposition of assets, but the specifics of the transaction are not detailed here.

What is the nature of the new financial obligation AAR Corp. has undertaken?

AAR Corp. has created a direct financial obligation or an obligation under an off-balance sheet arrangement, but the exact nature and amount are not specified in this summary.

What is AAR Corp.'s Standard Industrial Classification code?

AAR Corp.'s Standard Industrial Classification code is 3720, which corresponds to AIRCRAFT & PARTS.

When was AAR Corp. formerly known as Allen Aircraft Radio Inc.?

AAR Corp. was formerly known as Allen Aircraft Radio Inc. prior to February 4, 1970.

From the Filing

0001104659-24-029986.txt : 20240301 0001104659-24-029986.hdr.sgml : 20240301 20240301161803 ACCESSION NUMBER: 0001104659-24-029986 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 22 CONFORMED PERIOD OF REPORT: 20240301 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240301 DATE AS OF CHANGE: 20240301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AAR CORP CENTRAL INDEX KEY: 0000001750 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT & PARTS [3720] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 362334820 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06263 FILM NUMBER: 24710026 BUSINESS ADDRESS: STREET 1: 1100 N WOOD DALE RD CITY: WOOD DALE STATE: IL ZIP: 60191 BUSINESS PHONE: 6302272000 MAIL ADDRESS: STREET 1: 1100 N WOOD DALE RD CITY: WOOD DALE STATE: IL ZIP: 60191 FORMER COMPANY: FORMER CONFORMED NAME: ALLEN AIRCRAFT RADIO INC DATE OF NAME CHANGE: 19700204 8-K 1 tm246820d2_8k.htm FORM 8-K false 0000001750 Common Stock, $1.00 par value AIR 0000001750 2024-03-01 2024-03-01 0000001750 us-gaap:CommonStockMember exch:XCHI 2024-03-01 2024-03-01 0000001750 us-gaap:CommonStockMember exch:XNYS 2024-03-01 2024-03-01 iso4217:USD xbrli:shares iso4217:USD xbrli:shares Common Stock, $1.00 par value   AIR         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): March 1, 2024       AAR CORP. (Exact name of registrant as specified in its charter)       Delaware   1-6263   36-2334820 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   One AAR Place 1100 N. Wood Dale Road Wood Dale , Illinois   60191 (Address of principal executive offices)   (Zip Code)       Registrant’s telephone number, including area code: ( 630 ) 227-2000   Not Applicable (Former name or former address, if changed since last report)       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))   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $1.00 par value   AIR   New York Stock Exchange     Chicago Stock Exchange   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. 