ASGN Inc. Enters Material Definitive Agreement

TL;DR

ASGN just signed a big financial deal, details to come.

AI Summary

On March 13, 2024, ASGN Inc. entered into a material definitive agreement related to a direct financial obligation. The filing does not specify the exact nature of the agreement or any associated dollar amounts, but it indicates a significant financial commitment for the company.

Why It Matters

This filing indicates ASGN Inc. has entered into a new financial obligation, which could impact its balance sheet and future financial flexibility.

Risk Assessment

Risk Level: medium — Entering into new financial obligations can introduce financial risk, but the lack of specific details prevents a higher risk assessment.

Key Players & Entities

• ASGN Inc. (company) — Registrant
• March 13, 2024 (date) — Date of earliest event reported
• March 14, 2024 (date) — Date of report

FAQ

From the Filing

0000890564-24-000007.txt : 20240314 0000890564-24-000007.hdr.sgml : 20240314 20240314084234 ACCESSION NUMBER: 0000890564-24-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 204 CONFORMED PERIOD OF REPORT: 20240314 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240314 DATE AS OF CHANGE: 20240314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASGN Inc CENTRAL INDEX KEY: 0000890564 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 954023433 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35636 FILM NUMBER: 24748045 BUSINESS ADDRESS: STREET 1: 4400 COX ROAD, SUITE 110 CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 8188787900 MAIL ADDRESS: STREET 1: 4400 COX ROAD, SUITE 110 CITY: GLEN ALLEN STATE: VA ZIP: 23060 FORMER COMPANY: FORMER CONFORMED NAME: ON ASSIGNMENT INC DATE OF NAME CHANGE: 19930328 8-K 1 asgn-20240314.htm 8-K asgn-20240314 0000890564 false 0000890564 2024-03-14 2024-03-14 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 14, 2024 (March 13, 2024) ASGN Inc orporated (Exact name of registrant as specified in its charter)   Delaware   001-35636   95-4023433 (State or other jurisdiction of incorporation or organization)   (Commission File Number)   (I.R.S. Employer Identification No.) 4400 Cox Road, Suite 110 Glen Allen, Virginia 23060 (Address, including zip code, of Principal Executive Offices) ( 888 ) 482-8068 Registrant’s telephone number, including area code 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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of exchange on which registered Common Stock ASGN NYSE 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 1.01. Entry into a Material Definitive Agreement. On March 13, 2024, ASGN Incorporated (the “Company”) entered into a First Amendment to Third Amended and Restated Credit Agreement (the “Amendment”) with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto. The Amendment amends the Company’s Third Amended and Restated Credit Agreement, dated as of August 31, 2023 (as amended from time to time, including pursuant to the Third Amendment, the “Credit Agreement”). Among other things, the