AutoZone Enters Material Definitive Agreement

TL;DR

AZO inked a new credit deal, expect financial moves.

AI Summary

On June 24, 2024, AutoZone, Inc. entered into a material definitive agreement, specifically a credit agreement, which creates a direct financial obligation. The company, incorporated in Nevada with its principal executive offices in Memphis, Tennessee, filed this 8-K report to disclose this significant financial event.

Why It Matters

This filing indicates AutoZone has secured new financing or debt, which could impact its financial flexibility and future investment plans.

Risk Assessment

Risk Level: low — The filing reports a standard financial agreement, not an event that inherently signals distress or significant operational change.

Key Players & Entities

• AutoZone, Inc. (company) — Registrant
• Nevada (jurisdiction) — State of Incorporation
• Memphis, Tennessee (location) — Principal Executive Offices
• June 24, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0001104659-24-076270.txt : 20240628 0001104659-24-076270.hdr.sgml : 20240628 20240628160609 ACCESSION NUMBER: 0001104659-24-076270 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 20 CONFORMED PERIOD OF REPORT: 20240624 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: 20240628 DATE AS OF CHANGE: 20240628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AUTOZONE INC CENTRAL INDEX KEY: 0000866787 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO & HOME SUPPLY STORES [5531] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 621482048 STATE OF INCORPORATION: NV FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10714 FILM NUMBER: 241085681 BUSINESS ADDRESS: STREET 1: 123 SOUTH FRONT ST CITY: MEMPHIS STATE: TN ZIP: 38103 BUSINESS PHONE: 9014956500 MAIL ADDRESS: STREET 1: P O BOX 2198 STREET 2: DEPT 8074 CITY: MEMPHIS STATE: TN ZIP: 38101-2198 8-K 1 tm2417968d5_8k.htm FORM 8-K false 0000866787 0000866787 2024-06-24 2024-06-24 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       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 24, 2024   AutoZone, Inc. (Exact Name of Registrant as Specified in Charter)   Nevada 1-10714 62-1482048 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)   123 South Front Street , Memphis , Tennessee 38103 (Address of Principal Executive Offices) (Zip Code)   ( 901 ) 495-6500 (Registrant's telephone number, including area code)   (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, par value $0.01 per share   AZO   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.   On June 24, 2024, AutoZone, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”), by and among the Company and BofA Securities, Inc., J.P. Morgan Securities LLC, Truist Securities, Inc., and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein (the “Underwriters”), pursuant to which the Company agreed to issue and sell to the Underwriters, and