Hamilton Beach Brands Holding Co. Files 8-K

TL;DR

HBB filed an 8-K on 12/13/24 for a material agreement & financial obligation.

AI Summary

Hamilton Beach Brands Holding Company entered into a material definitive agreement on December 13, 2024. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Specific details of the agreement and financial obligations are not provided in this summary.

Why It Matters

This 8-K filing signals a significant event for Hamilton Beach Brands Holding Co., potentially involving new financial commitments or agreements that could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a financial obligation, which could introduce new risks or opportunities that are not yet fully detailed.

Key Players & Entities

• Hamilton Beach Brands Holding Company (company) — Registrant
• December 13, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0001709164-24-000055.txt : 20241217 0001709164-24-000055.hdr.sgml : 20241217 20241217163706 ACCESSION NUMBER: 0001709164-24-000055 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20241213 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: Financial Statements and Exhibits FILED AS OF DATE: 20241217 DATE AS OF CHANGE: 20241217 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Hamilton Beach Brands Holding Co CENTRAL INDEX KEY: 0001709164 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC HOUSEWARES & FANS [3634] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 311236686 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38214 FILM NUMBER: 241556239 BUSINESS ADDRESS: STREET 1: 4421 WATERFRONT DRIVE CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 804-273-9777 MAIL ADDRESS: STREET 1: 4421 WATERFRONT DRIVE CITY: GLEN ALLEN STATE: VA ZIP: 23060 8-K 1 hbb-20241213.htm 8-K hbb-20241213 0001709164 false 0001709164 2024-12-13 2024-12-13 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): December 13, 2024 HAMILTON BEACH BRANDS HOLDING COMPANY (Exact name of registrant as specified in its charter) Delaware 001-38214 31-1236686 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 4421 WATERFRONT DR GLEN ALLEN VA 23060 (Address of principal executive offices) (Zip code) (804) 273-9777 (Registrant's telephone number, including area code) N/A (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 Class A Common Stock, Par Value $0.01 Per Share HBB 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 (§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 On December 13, 2024, Hamilton Beach Brands, Inc. (“HBB”), as borrower, entered into the Second Amended and Restated Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association (“Wells Fargo”), as lender. The Credit Agreement amends and restates HBB’s existing Amended and Restated Credit Agreement, dated as of May 31, 2012, as amended, among HBB, certain subsidiaries of HBB from time