Qualcomm Enters New Deal, Terminates Another

TL;DR

Qualcomm just signed a new deal and ditched an old one, plus took on new debt. Big moves happening.

AI Summary

On August 8, 2024, QUALCOMM Incorporated entered into a material definitive agreement and simultaneously terminated another. The company also incurred a direct financial obligation. Specific details of these agreements and obligations are not fully disclosed in this initial filing, but they represent significant changes in the company's contractual and financial standing.

Why It Matters

This filing indicates significant shifts in Qualcomm's contractual and financial obligations, which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — The filing indicates material definitive agreements and new financial obligations, which inherently carry risks that are not fully detailed in this initial report.

Key Players & Entities

• QUALCOMM Incorporated (company) — Registrant
• Delaware (company) — State of incorporation
• August 8, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0000804328-24-000061.txt : 20240809 0000804328-24-000061.hdr.sgml : 20240809 20240809160549 ACCESSION NUMBER: 0000804328-24-000061 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240808 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Termination of 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: 20240809 DATE AS OF CHANGE: 20240809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: QUALCOMM INC/DE CENTRAL INDEX KEY: 0000804328 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 953685934 STATE OF INCORPORATION: DE FISCAL YEAR END: 0929 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19528 FILM NUMBER: 241192581 BUSINESS ADDRESS: STREET 1: 5775 MOREHOUSE DR CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 8585871121 MAIL ADDRESS: STREET 1: 5775 MOREHOUSE DR CITY: SAN DIEGO STATE: CA ZIP: 92121 8-K 1 qcom-20240808.htm 8-K qcom-20240808 QUALCOMM INC/DE 0000804328 false 5775 Morehouse Drive San Diego California 0000804328 2024-08-08 2024-08-08 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 August 8, 2024 Date of Report (Date of earliest event reported) QUALCOMM Incorporated (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 000-19528 95-3685934 (Commission File Number) (IRS Employer Identification No.) 5775 Morehouse Drive , San Diego , California 92121 (Address of principal executive offices) (Zip Code) 858 - 587-1121 (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 each class   Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.0001 par value   QCOM The Nasdaq Stock Market LLC 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. Revolving Credit Facility On August 8, 2024, QUALCOMM Incorporated (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), among the Company, the lenders party thereto, the letter of credit issuers party thereto and Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer. The Credit Agreement replaces the Company’s existing Credit Agreement, dated as of December 8, 2020, among the Company, the lenders party thereto, the letter of cre