SMART Global Holdings Enters Material Definitive Agreement

TL;DR

SMART Global Holdings just signed a big financial deal, filing an 8-K on 8/23 about it.

AI Summary

On August 21, 2024, SMART Global Holdings, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in the Cayman Islands, filed this 8-K report on August 23, 2024, detailing the specifics of this financial arrangement.

Why It Matters

This filing indicates a significant financial commitment or obligation for SMART Global Holdings, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements, especially those involving financial obligations, can introduce financial risks and operational changes that warrant close monitoring.

Key Numbers

• 001-38102 — SEC File Number (Identifies the company's filings with the SEC.)
• 98-1013909 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• SMART Global Holdings, Inc. (company) — Registrant
• August 21, 2024 (date) — Date of earliest event reported
• August 23, 2024 (date) — Filing Date
• Cayman Islands (location) — Jurisdiction of incorporation

FAQ

From the Filing

0001193125-24-206170.txt : 20240823 0001193125-24-206170.hdr.sgml : 20240823 20240823160553 ACCESSION NUMBER: 0001193125-24-206170 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240821 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 FILED AS OF DATE: 20240823 DATE AS OF CHANGE: 20240823 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SMART Global Holdings, Inc. CENTRAL INDEX KEY: 0001616533 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 981013909 STATE OF INCORPORATION: E9 FISCAL YEAR END: 0826 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38102 FILM NUMBER: 241236302 BUSINESS ADDRESS: STREET 1: 39870 EUREKA DRIVE CITY: NEWARK STATE: CA ZIP: 94560-4809 BUSINESS PHONE: (510) 623-1231 MAIL ADDRESS: STREET 1: 39870 EUREKA DRIVE CITY: NEWARK STATE: CA ZIP: 94560-4809 8-K 1 d889634d8k.htm 8-K 8-K false 0001616533 0001616533 2024-08-21 2024-08-21     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): August 21, 2024     SMART GLOBAL HOLDINGS, INC. (Exact name of registrant as specified in its charter)       Cayman Islands   001-38102   98-1013909 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) c/o Walkers Corporate Limited 190 Elgin Avenue George Town , Grand Cayman Cayman Islands KY1-9008 (Address of principal executive offices) (Zip Code) (510) 623-1231 (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 Ordinary shares, $0.03 par value per share   SGH   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. ☐       Item 1.01 Entry Into a Material Definitive Agreement. Third Amendment to Credit Agreement On August 21, 2024, SMART Global Holdings, Inc. (the “Company”) and certain of its subsidiaries entered into an amendment (the “Amendment”) to its Credit Agreement, dated as of February 7, 2022 (as amended to date, the “Credit Agreement”), by and among the Company and SMART Modular Technologies, Inc., as co-borrowers, the financial institutions from time to time party thereto, and Citizens Bank, N.A.