Commercial Vehicle Group Files 8-K with Material Agreement

TL;DR

CVGI signed a big deal, filing an 8-K today. Details to come.

AI Summary

On July 31, 2024, Commercial Vehicle Group, Inc. entered into a Material Definitive Agreement, the details of which are not fully disclosed in this filing. The company also reported other events and filed financial statements and exhibits. The filing was made on August 1, 2024.

Why It Matters

This filing indicates a significant new agreement for Commercial Vehicle Group, which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — The filing mentions a Material Definitive Agreement, but the specifics are not detailed, creating uncertainty about its impact.

Key Players & Entities

• Commercial Vehicle Group, Inc. (company) — Registrant
• July 31, 2024 (date) — Date of Earliest Event Reported
• August 1, 2024 (date) — Filing Date
• Delaware (jurisdiction) — State of Incorporation
• 41-1990662 (identifier) — I.R.S. Employer Identification No.
• 7800 Walton Parkway, New Albany, Ohio 43054 (address) — Principal Executive Offices
• 614 - 289-5360 (phone_number) — Registrant's telephone number

FAQ

From the Filing

0001628280-24-034135.txt : 20240801 0001628280-24-034135.hdr.sgml : 20240801 20240801160903 ACCESSION NUMBER: 0001628280-24-034135 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240731 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240801 DATE AS OF CHANGE: 20240801 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Commercial Vehicle Group, Inc. CENTRAL INDEX KEY: 0001290900 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 411990662 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34365 FILM NUMBER: 241166686 BUSINESS ADDRESS: STREET 1: 7800 WALTON PARKWAY CITY: NEW ALBANY STATE: OH ZIP: 43054 BUSINESS PHONE: 614 289 5360 MAIL ADDRESS: STREET 1: 7800 WALTON PARKWAY CITY: NEW ALBANY STATE: OH ZIP: 43054 8-K 1 cvgi-20240731.htm 8-K cvgi-20240731 0001290900 FALSE 0001290900 2024-08-01 2024-08-01 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): July 31, 2024 Commercial Vehicle Group, Inc. (Exact name of registrant as specified in its charter) Delaware 001-34365 41-1990662 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 7800 Walton Parkway , New Albany , Ohio 43054 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: 614 - 289-5360 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, par value $0.01 per share CVGI The NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in 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. Asset Purchase Agreement On July 31, 2024, Commercial Vehicle Group, Inc. (“Company” or “CVG”) and its wholly-owned subsidiary Mayflower Vehicle Systems, LLC ( “Seller” and collectively with CVG, the “Seller Parties”) entered into an Asset Purchase Agreement (the “Purchase Agreement”) with SVO, LLC, a Delaware limited liability company (“Buyer”). Under the terms of the Purchase Agreement, Buyer will purchase substantially all of the assets of Seller’s business of manufacturing and assembling structured products, including cabs for medium and heavy-duty vehicles, at its facility in Kings Mountain, North Carolina. The transactions contemplated by the Purchase Agreem