Martin Marietta Materials Enters Definitive Agreement
Ticker: MLM · Form: 8-K · Filed: 2024-09-19T00:00:00.000Z
Sentiment: neutral
Topics: material-agreement
Related Tickers: MLM
TL;DR
MLM signed a big deal, details TBD.
AI Summary
On September 18, 2024, Martin Marietta Materials Inc. entered into a material definitive agreement. The filing does not disclose specific details of the agreement, the counterparty, or any associated financial figures.
Why It Matters
This filing indicates a significant new contract or partnership for Martin Marietta Materials, 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 agreement.
Key Players & Entities
- Martin Marietta Materials Inc. (company) — Registrant
FAQ
What type of material definitive agreement did Martin Marietta Materials Inc. enter into?
The filing does not specify the type of material definitive agreement.
Who is the counterparty to this material definitive agreement?
The filing does not disclose the name of the other party involved in the agreement.
What is the effective date of this material definitive agreement?
The earliest event reported in the filing is dated September 18, 2024.
Are there any financial terms or obligations associated with this agreement disclosed in the filing?
No specific financial terms or obligations are disclosed in this filing.
Does this filing provide any context for why this agreement is considered 'material'?
The filing states it is a 'material definitive agreement' but does not provide further context or explanation for its materiality.
From the Filing
0000950157-24-001270.txt : 20240919 0000950157-24-001270.hdr.sgml : 20240919 20240919163449 ACCESSION NUMBER: 0000950157-24-001270 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240918 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240919 DATE AS OF CHANGE: 20240919 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARTIN MARIETTA MATERIALS INC CENTRAL INDEX KEY: 0000916076 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 561848578 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12744 FILM NUMBER: 241310807 BUSINESS ADDRESS: STREET 1: 4123 PARKLAKE AVE CITY: RALEIGH STATE: NC ZIP: 27612 BUSINESS PHONE: 919-781-4550 MAIL ADDRESS: STREET 1: 4123 PARKLAKE AVE CITY: RALEIGH STATE: NC ZIP: 27612 8-K 1 form8-k.htm CURRENT REPORT false 0000916076 0000916076 2024-09-18 2024-09-18 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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): September 18, 2024 MARTIN MARIETTA MATERIALS INC (Exact Name of Registrant as Specified in Its Charter) North Carolina 001-12744 56-1848578 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 4123 PARKLAKE AVENUE , RALEIGH , North Carolina 27612 (Address of Principal Executive Offices) (Zip Code) ( 919 ) 781-4550 (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)) 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 Sec on 13(a) of the Exchange Act. 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, $.01 par value per share MLM New York Stock Exchange Item 1.01. Entry into a Material Definitive Agreement On September 18, 2024, Martin Marietta Materials, Inc., (the “Corporation”) and its wholly ‐ owned subsidiary, Martin Marietta Funding LLC (“MM Funding”), entered into the Sixteenth Amendment (the “Sixteenth Amendment”) to its Credit and Security Agreement with Truist Bank, successor by merger to SunTrust Bank (the “Administrative Agent”), dated as of April 19, 2013 (the Credit and Security Agreement, as amended, the “Credit Agreement”). Pursuant to the Sixteenth Amendment, (i) the scheduled maturity date of the facility was e