Stepan Company Enters Material Definitive Agreement

Ticker: SCL · Form: 8-K · Filed: 2024-08-28T00:00:00.000Z

Sentiment: neutral

Topics: material-definitive-agreement

TL;DR

Stepan Co signed a big deal, details TBD.

AI Summary

On August 27, 2024, Stepan Company entered into a material definitive agreement. The filing does not provide specific details about the agreement, its terms, or any associated dollar amounts or parties involved.

Why It Matters

This filing indicates a significant new contract or partnership for Stepan Company, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and impact of the material definitive agreement.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Stepan Company?

The filing does not specify the nature of the material definitive agreement.

Who are the other parties involved in this material definitive agreement?

The filing does not disclose the names of the other parties involved.

What is the effective date of this material definitive agreement?

The earliest event reported is August 27, 2024, which is the date of the report.

Are there any financial terms or dollar amounts associated with this agreement disclosed in the filing?

No specific financial terms or dollar amounts are disclosed in this filing.

Does this agreement represent an acquisition, divestiture, or a new partnership?

The filing does not provide enough information to determine if the agreement is an acquisition, divestiture, or new partnership.

From the Filing

0000950170-24-101222.txt : 20240828 0000950170-24-101222.hdr.sgml : 20240828 20240828060425 ACCESSION NUMBER: 0000950170-24-101222 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240827 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240828 DATE AS OF CHANGE: 20240828 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STEPAN CO CENTRAL INDEX KEY: 0000094049 STANDARD INDUSTRIAL CLASSIFICATION: SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS [2840] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 361823834 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04462 FILM NUMBER: 241250937 BUSINESS ADDRESS: STREET 1: EDENS & WINNETKA ROAD CITY: NORTHFIELD STATE: IL ZIP: 60093 BUSINESS PHONE: 8474467500 MAIL ADDRESS: STREET 1: EDENS & WINNETKA ROAD CITY: NORTHFIELD STATE: IL ZIP: 60093 FORMER COMPANY: FORMER CONFORMED NAME: STEPAN CHEMICAL CO /DE/ DATE OF NAME CHANGE: 19840108 8-K 1 scl-20240827.htm 8-K 8-K 0000094049 false 0000094049 2024-08-27 2024-08-27   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): 8/27/24 STEPAN COMPANY (Exact name of registrant as specified in its charter)   Delaware 1-4462 36-1823834 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)   1101 Skokie Boulevard , Suite 500 , Northbrook , Illinois 60062 (Address of principal executive offices, including zip code) ( 847 ) 446-7500 (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 (see General Instruction A.2. below):  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, $1 par value   SCL   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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).   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. Stepan Company (“Stepan”) is a party to the following note purchase agreements, among others:   • a Note Purchase and Master Note Agreement dated as of June 10, 2021 (the “NYL NPA”) pursuant to which Stepan issued and has outstanding (a) $50,000,000 in aggregate principal amount of its 2.37% Senior Notes, Series 2021-B, due September 23, 2028, (b) $50,000,000 in aggregate principal amount of its 2.73% Senior Notes, Series 2021-C, due December 10, 2031 and (c) $25,000,000 in aggregate principal amount of its 2.83% Senior Notes, Series 2022-A, due March 1, 2032; and   • a Note Purch

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