ITT Inc. Enters Material Definitive Agreement

Ticker: ITT · Form: 8-K · Filed: 2024-09-12T00:00:00.000Z

Sentiment: neutral

Topics: material-definitive-agreement, financial-obligation

TL;DR

ITT Inc. just signed a big deal, creating a new financial obligation.

AI Summary

On September 12, 2024, ITT Inc. entered into a Material Definitive Agreement related to a direct financial obligation. The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Specific details regarding the nature of the agreement and the financial obligation are not fully disclosed in the provided text.

Why It Matters

This filing signals a significant financial commitment or arrangement for ITT Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The creation of a new financial obligation, without immediate details on its terms or impact, introduces a degree of uncertainty.

Key Players & Entities

ITT INC. (company) — Registrant
September 12, 2024 (date) — Date of Report

FAQ

What is the nature of the Material Definitive Agreement ITT Inc. entered into?

The filing states that ITT Inc. entered into a Material Definitive Agreement, but the specific details of the agreement are not provided in the excerpt.

What type of financial obligation was created for ITT Inc.?

The filing indicates the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' for the registrant.

When was this agreement reported?

The agreement was reported on September 12, 2024.

What is ITT Inc.'s standard industrial classification?

ITT Inc.'s standard industrial classification is PUMPS & PUMPING EQUIPMENT [3561].

Where is ITT Inc.'s principal executive office located?

ITT Inc.'s principal executive office is located at 100 Washington Boulevard, 6th Floor, Stamford, CT 06902.

From the Filing

0000216228-24-000064.txt : 20240912 0000216228-24-000064.hdr.sgml : 20240912 20240912164412 ACCESSION NUMBER: 0000216228-24-000064 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240912 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: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240912 DATE AS OF CHANGE: 20240912 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ITT INC. CENTRAL INDEX KEY: 0000216228 STANDARD INDUSTRIAL CLASSIFICATION: PUMPS & PUMPING EQUIPMENT [3561] ORGANIZATION NAME: 06 Technology IRS NUMBER: 811197930 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05672 FILM NUMBER: 241295478 BUSINESS ADDRESS: STREET 1: 100 WASHINGTON BLVD STREET 2: 6TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 914.641.2000 MAIL ADDRESS: STREET 1: 100 WASHINGTON BLVD STREET 2: 6TH FLOOR CITY: STAMFORD STATE: CT ZIP: 06902 FORMER COMPANY: FORMER CONFORMED NAME: ITT Inc. DATE OF NAME CHANGE: 20160517 FORMER COMPANY: FORMER CONFORMED NAME: ITT Corp DATE OF NAME CHANGE: 20100308 FORMER COMPANY: FORMER CONFORMED NAME: ITT CORP DATE OF NAME CHANGE: 20060705 8-K 1 itt-20240912.htm 8-K itt-20240912 false 0000216228 0000216228 2024-09-12 2024-09-12   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: September 12, 2024 (Date of earliest event reported)   ITT INC. (Exact name of registrant as specified in its charter)   Indiana 001-05672 81-1197930 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 100 Washington Boulevard 6th Floor Stamford , CT 06902 (Address of principal executive offices) (Zip Code) ( 914 )  641-2000 (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)) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $1 per share ITT New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 under 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. On September 12, 2024, ITT Inc. (the “Company”) entered into a credit agreement