Applied Materials Enters and Terminates Agreements

Ticker: AMAT · Form: 8-K · Filed: 2025-02-27T00:00:00.000Z

Sentiment: neutral

Topics: definitive-agreement, financial-obligation, contract-termination

Related Tickers: AMAT

TL;DR

AMAT just signed and axed some deals, creating new financial obligations.

AI Summary

On February 24, 2025, Applied Materials, Inc. entered into a material definitive agreement and also terminated a material definitive agreement. The company also created a direct financial obligation or an obligation under an off-balance sheet arrangement. These events are detailed in the filing.

Why It Matters

This filing indicates significant changes in Applied Materials' contractual relationships, which could impact its financial obligations and future business operations.

Risk Assessment

Risk Level: medium — The entry into and termination of material definitive agreements, along with the creation of new financial obligations, suggests potential shifts in the company's strategic direction or financial commitments that warrant closer examination.

Key Players & Entities

Applied Materials, Inc. (company) — Registrant
February 24, 2025 (date) — Date of earliest event reported
3050 Bowers Avenue (location) — Business Address
Santa Clara, CA (location) — Business Address City and State

FAQ

What was the nature of the material definitive agreement entered into by Applied Materials?

The filing states that Applied Materials, Inc. entered into a material definitive agreement on February 24, 2025, but does not specify the details of this agreement.

What was the reason for the termination of the material definitive agreement?

The filing indicates that a material definitive agreement was terminated by Applied Materials, Inc. on February 24, 2025, but does not provide the specific reasons for this termination.

What type of direct financial obligation or off-balance sheet arrangement was created?

The filing reports the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement by Applied Materials, Inc. on February 24, 2025, but does not provide specific details about the obligation.

Are there any specific dollar amounts associated with these new agreements or obligations?

The provided text of the 8-K filing does not contain specific dollar amounts related to the material definitive agreements entered into or terminated, nor the financial obligations created.

Does this filing provide any information on the financial statements or exhibits related to these events?

The filing lists 'Financial Statements and Exhibits' as an item of information, suggesting that related documents are included, but the specific content of these exhibits is not detailed in the provided text.

From the Filing

0001193125-25-039328.txt : 20250227 0001193125-25-039328.hdr.sgml : 20250227 20250227164624 ACCESSION NUMBER: 0001193125-25-039328 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250224 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Termination of 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: 20250227 DATE AS OF CHANGE: 20250227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: APPLIED MATERIALS INC /DE CENTRAL INDEX KEY: 0000006951 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 941655526 STATE OF INCORPORATION: DC FISCAL YEAR END: 1026 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-06920 FILM NUMBER: 25680056 BUSINESS ADDRESS: STREET 1: 3050 BOWERS AVE CITY: SANTA CLARA STATE: CA ZIP: 95054-3299 BUSINESS PHONE: 4085635300 MAIL ADDRESS: STREET 1: 3050 BOWERS AVE CITY: SANTA CLARA STATE: CA ZIP: 95054-3299 FORMER COMPANY: FORMER CONFORMED NAME: APPLIED MATERIALS TECHNOLOGY INC DATE OF NAME CHANGE: 19730319 8-K 1 d830912d8k.htm 8-K 8-K APPLIED MATERIALS INC /DE false 0000006951 0000006951 2025-02-24 2025-02-24     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): February 24, 2025     Applied Materials, Inc. (Exact name of registrant as specified in its charter)       Delaware   000-06920   94-1655526 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 3050 Bowers Avenue P.O. Box 58039 Santa Clara , CA 95052-8039 (Address of principal executive offices) Registrant’s telephone number, including area code: (408) 727-5555 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:   ☐ 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   Name of Each Exchange on Which Registered Common Stock, par value $.01 per share   AMAT   The NASDAQ Stock Market LLC 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 February 24, 2025, Applied Materials, Inc. (“Applied”) entered into a credit agreement (the “Credit Agreement”) for a five-year $2.0 billion revolving credit facility with Bank of America, N.A., as administrative agent (the “Administrative Agent”), and