Trimble Inc. Terminates Material Definitive Agreement

Ticker: TRMB · Form: 8-K · Filed: 2024-04-03T00:00:00.000Z

Sentiment: neutral

Topics: agreement-termination, material-event

TL;DR

Trimble just terminated a big deal, could be good or bad.

AI Summary

Trimble Inc. announced on April 1, 2024, the termination of a material definitive agreement. The company, incorporated in Delaware, filed this 8-K report on April 3, 2024, detailing this event. The specific agreement terminated and its implications are not detailed in the provided text.

Why It Matters

The termination of a material definitive agreement can significantly impact a company's operations, financial standing, and future strategic direction.

Risk Assessment

Risk Level: medium — Termination of a material definitive agreement introduces uncertainty regarding the company's business relationships and financial projections.

Key Numbers

Key Players & Entities

FAQ

What specific material definitive agreement was terminated by Trimble Inc.?

The provided text does not specify which material definitive agreement was terminated.

When did the termination of the material definitive agreement become effective?

The earliest event reported is April 1, 2024, which is the date of the report and likely the effective date of the termination.

What is the SEC file number for Trimble Inc.?

Trimble Inc.'s SEC file number is 001-14845.

In which state is Trimble Inc. incorporated?

Trimble Inc. is incorporated in Delaware.

What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to report the termination of a material definitive agreement by Trimble Inc.

From the Filing

0000864749-24-000075.txt : 20240403 0000864749-24-000075.hdr.sgml : 20240403 20240402214640 ACCESSION NUMBER: 0000864749-24-000075 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240401 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20240403 DATE AS OF CHANGE: 20240402 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: 24816708 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-20240401.htm 8-K trmb-20240401 0000864749 false 0000864749 2024-04-01 2024-04-01 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): April 1, 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.  ☐ I tem 1.02 Termination of a Material Definitive Agreement. On April 1, 2024, Trimble repaid in full all obligations outstanding under the Term Loan Credit Agreement, dated as of December 27, 2022, by and among the Company, the lenders party thereto and Bank of America, N.A., as Administrative Agent (as amended from time to time, the “ Term Loan Credit Agreement ”) and terminated the agreement. On such date, $1 billion aggregate principal amount of loans had been outstanding under the Term Loan Credit Agreement. ( See Trimble’s Report on Form 8-K filed on December 30, 2022 for a description of the terms of the Term Loan Credit Agreement. ) The funds used for the repayment were a portion of the funds received by Trimble in connec

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