AGCO Corp Reports Material Definitive Agreement & Acquisition

Ticker: AGCO · Form: 8-K · Filed: 2024-04-01T00:00:00.000Z

Sentiment: neutral

Topics: acquisition, definitive-agreement, financial-obligation

TL;DR

AGCO just filed an 8-K for a material definitive agreement and acquisition completion. Big moves happening.

AI Summary

On March 31, 2024, AGCO Corporation entered into a material definitive agreement related to the completion of an acquisition or disposition of assets. This also created a direct financial obligation for the registrant and is considered a Regulation FD Disclosure. The filing includes financial statements and exhibits.

Why It Matters

This filing indicates a significant corporate action for AGCO Corporation, likely involving a substantial financial transaction and strategic shift through an acquisition or disposition.

Risk Assessment

Risk Level: medium — The filing details a material definitive agreement and completion of an acquisition/disposition, which inherently carries financial and operational risks.

Key Players & Entities

FAQ

What specific type of material definitive agreement did AGCO Corporation enter into?

The filing indicates the agreement is related to the completion of an acquisition or disposition of assets.

What is the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported is March 31, 2024.

In which state was AGCO Corporation incorporated?

AGCO Corporation was incorporated in Delaware.

What is the principal executive office address for AGCO Corporation?

The principal executive offices are located at 4205 River Green Parkway, Duluth, Georgia 30096.

What is the purpose of this 8-K filing according to the item information?

The filing serves as a Current Report for Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Creation of a Direct Financial Obligation, Regulation FD Disclosure, and Financial Statements and Exhibits.

From the Filing

0000880266-24-000026.txt : 20240401 0000880266-24-000026.hdr.sgml : 20240401 20240401165216 ACCESSION NUMBER: 0000880266-24-000026 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 180 CONFORMED PERIOD OF REPORT: 20240331 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: Financial Statements and Exhibits FILED AS OF DATE: 20240401 DATE AS OF CHANGE: 20240401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AGCO CORP /DE CENTRAL INDEX KEY: 0000880266 STANDARD INDUSTRIAL CLASSIFICATION: FARM MACHINERY & EQUIPMENT [3523] ORGANIZATION NAME: 06 Technology IRS NUMBER: 581960019 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12930 FILM NUMBER: 24810385 BUSINESS ADDRESS: STREET 1: 4205 RIVER GREEN PKWAY CITY: DULUTH STATE: GA ZIP: 30096 BUSINESS PHONE: 7708139200 MAIL ADDRESS: STREET 1: 4205 RIVER GREEN PARKWAY CITY: DULUTH STATE: GA ZIP: 30096 8-K 1 agco-20240331.htm 8-K agco-20240331 0000880266 false AGCO CORP /DE 0000880266 2024-03-31 2024-03-31 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 March 31, 2024 Date of Report (Date of earliest event reported) AGCO CORPORATION (Exact name of Registrant as specified in its charter) Delaware 001-12930 58-1960019 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 4205 River Green Parkway Duluth , Georgia 30096 (Address of principal executive offices, including Zip Code) 770 813-9200 (Registrant’s telephone number, including area code) 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 Class Trading Symbol Name of exchange on which registered Common stock AGCO New York 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. ☐ Item 1.01.    Entry into a Material Definitive Agreement. Item 2.01 below is incorporated herein by reference. Item 2.01.    Completion of Acquisition or Disposition of Assets. On April 1, 2024, pursuant to the terms of an Amended and Restated Sale and Contribution Agreement (the “ Agreement ”) among the AGCO Corporation (“ AGCO ”), Trimble Inc. (“ Trimble ”) and PTx Trimble, LLC, formerly known as Trimble Solutions, LLC (the “ Joint Venture ”), AGCO and Trimble completed (i) the contribution by Trimble to the Joint Venture of Trimble’s OneAg business, which is Trimble’s agricultural business, excluding certain Global Navigation Satellite System and guidance tech

View on Read The Filing