Home Depot Terminates Material Definitive Agreement

Ticker: HD · Form: 8-K · Filed: 2024-06-27T00:00:00.000Z

Sentiment: neutral

Topics: agreement-termination, material-contract

Related Tickers: HD

TL;DR

HD just terminated a big contract, details TBD.

AI Summary

On June 27, 2024, The Home Depot, Inc. filed an 8-K to report the termination of a material definitive agreement. The filing does not specify the counterparty or the nature of the agreement, only that it has been terminated.

Why It Matters

The termination of a material definitive agreement could signal a change in strategic partnerships or contractual obligations for Home Depot, potentially impacting future operations or financial arrangements.

Risk Assessment

Risk Level: medium — The termination of a material definitive agreement, without immediate further explanation, introduces uncertainty about the nature of the agreement and its potential impact on the company's business.

Key Players & Entities

FAQ

What specific material definitive agreement was terminated by The Home Depot, Inc.?

The filing does not specify the name or nature of the material definitive agreement that was terminated.

Who was the counterparty to the terminated material definitive agreement?

The filing does not disclose the identity of the other party involved in the terminated agreement.

What is the effective date of the termination of the material definitive agreement?

The filing indicates the termination was reported as of June 27, 2024.

Does the termination of this agreement have any immediate financial implications disclosed in the filing?

The filing does not provide specific details on immediate financial implications resulting from the termination.

Is there any indication of why this material definitive agreement was terminated?

The filing does not provide a reason for the termination of the material definitive agreement.

From the Filing

0000354950-24-000183.txt : 20240627 0000354950-24-000183.hdr.sgml : 20240627 20240627160756 ACCESSION NUMBER: 0000354950-24-000183 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240627 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20240627 DATE AS OF CHANGE: 20240627 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOME DEPOT, INC. CENTRAL INDEX KEY: 0000354950 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS [5211] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 953261426 STATE OF INCORPORATION: DE FISCAL YEAR END: 0202 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08207 FILM NUMBER: 241079210 BUSINESS ADDRESS: STREET 1: 2455 PACES FERRY ROAD CITY: ATLANTA STATE: GA ZIP: 30339-4024 BUSINESS PHONE: 770-433-8211 MAIL ADDRESS: STREET 1: 2455 PACES FERRY ROAD CITY: ATLANTA STATE: GA ZIP: 30339-4024 FORMER COMPANY: FORMER CONFORMED NAME: HOME DEPOT INC DATE OF NAME CHANGE: 19920703 8-K 1 hd-20240627.htm FORM 8-K hd-20240627 false 0000354950 0000354950 2024-06-27 2024-06-27 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): June 27, 2024 __________________ THE HOME DEPOT, INC. (Exact Name of Registrant as Specified in Charter)   __________________ Delaware 1-8207 95-3261426 (State or Other Jurisdiction of Incorporation)    (Commission File Number)    (IRS Employer Identification No.) 2455 Paces Ferry Road , Atlanta , Georgia 30339 (Address of Principal Executive Offices) (Zip Code) ( 770 ) 433-8211 (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(s) Name of each exchange on which registered Common Stock, $0.05 Par Value Per Share HD 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 1.02        Termination of a Material Definitive Agreement. Effective June 27, 2024, The Home Depot, Inc. (the “Company”) terminated its $10.0 billion 364-day revolving credit facility agreement dated as of May 7, 2024, among the Company, the banks party thereto, and JPMorgan Chase Bank, N.A. as administrative agent. There were no borrowings under the credit facility, and the Company determined that the credit facility was no longer necessary. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly

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