Goodyear Tire & Rubber Enters Material Definitive Agreement
Ticker: GT · Form: 8-K · Filed: Jan 8, 2025 · CIK: 42582
Sentiment: neutral
Topics: material-definitive-agreement, regulation-fd
TL;DR
Goodyear just signed a big deal, filing an 8-K on Jan 7, 2025.
AI Summary
On January 7, 2025, The Goodyear Tire & Rubber Company entered into a material definitive agreement. The filing also includes Regulation FD disclosures and financial statements and exhibits. The company is incorporated in Ohio and its principal executive offices are located in Akron.
Why It Matters
This filing indicates a significant new agreement for Goodyear, which could impact its future operations, financial performance, and strategic direction.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's financial health and stock performance.
Key Players & Entities
- THE GOODYEAR TIRE & RUBBER COMPANY (company) — Registrant
- January 7, 2025 (date) — Date of earliest event reported
- Akron, Ohio (location) — Principal executive offices
- 330-796-2121 (phone_number) — Registrant's telephone number
FAQ
What type of material definitive agreement did Goodyear Tire & Rubber Company enter into?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on January 7, 2025.
What is the primary business of The Goodyear Tire & Rubber Company?
The Goodyear Tire & Rubber Company is primarily involved in the manufacturing of tires and inner tubes, as indicated by its SIC code 3011.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 7, 2025.
Where are The Goodyear Tire & Rubber Company's principal executive offices located?
The principal executive offices of The Goodyear Tire & Rubber Company are located at 200 Innovation Way, Akron, Ohio, 44316-0001.
What is the Commission File Number for The Goodyear Tire & Rubber Company?
The Commission File Number for The Goodyear Tire & Rubber Company is 001-01927.
Filing Stats: 1,873 words · 7 min read · ~6 pages · Grade level 17.7 · Accepted 2025-01-07 21:33:28
Key Financial Figures
- $526 million — ctual property, for a purchase price of $526 million; (b) the Buyer will also pay Goodyear O
- $105 million — ions S.A. a "Transition Support Fee" of $105 million for its support in transitioning the Du
Filing Documents
- d912614d8k.htm (8-K) — 37KB
- d912614dex991.htm (EX-99.1) — 20KB
- g912614dsp2.jpg (GRAPHIC) — 7KB
- g912614g07g01.jpg (GRAPHIC) — 34KB
- 0001193125-25-003018.txt ( ) — 241KB
- gt-20250107.xsd (EX-101.SCH) — 3KB
- gt-20250107_lab.xml (EX-101.LAB) — 17KB
- gt-20250107_pre.xml (EX-101.PRE) — 11KB
- d912614d8k_htm.xml (XML) — 3KB
Forward Looking Statements
Forward Looking Statements This report contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Exchange Act. Such forward-looking statements include, but are not limited to, statements relating to the proposed Transaction, including statements regarding the benefits of the Transaction and the anticipated timing of the Transaction, and information regarding the businesses of the Company and Buyer. There are a variety of factors, many of which are beyond our control, that affect our operations, performance, business strategy and results and could cause our actual results and experience to differ materially from the assumptions, expectations and objectives expressed in any forward-looking statements. These factors include, but are not limited to: our ability to implement successfully the Goodyear Forward plan and our other strategic initiatives, including the Transaction; risks relating to the ability to consummate the Transaction on a timely basis or at all, including failure to obtain the required regulatory approvals or to satisfy the other conditions to the closing of the Transaction; actions and initiatives taken by both current and potential competitors; increases in the prices paid for raw materials and energy; inflationary cost pressures; delays or disruptions in our supply chain or the provision of services to us; a prolonged economic downturn or period of economic uncertainty; deteriorating economic conditions or an inability to access capital markets; a labor strike, work stoppage, labor shortage or other similar event; financial difficulties, work stoppages, labor shortages or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures; changes in tariffs, trade agreements or trade restrictions; foreign currency translation and transaction risks; our failure to comply with a material covenant in our debt obligat
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 99.1 News Release of The Goodyear Tire & Rubber Company, dated January 7, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE GOODYEAR TIRE & RUBBER COMPANY Date: January 7, 2025 By: /s/ Daniel T. Young Daniel T. Young Secretary