LCI Industries Enters Material Agreement, Creates Financial Obligation

Ticker: LCII · Form: 8-K · Filed: 2025-03-25T00:00:00.000Z

Sentiment: neutral

Topics: material-definitive-agreement, financial-obligation

TL;DR

LCI Industries just signed a big deal and owes money, filing shows.

AI Summary

On March 25, 2025, LCI Industries entered into a material definitive agreement and created a direct financial obligation. The company, formerly known as Drew Industries Inc., is involved in the motor vehicle parts and accessories sector.

Why It Matters

This filing indicates a significant financial commitment or change in LCI Industries' contractual obligations, which could impact its financial health and future operations.

Risk Assessment

Risk Level: medium — Entering into new material definitive agreements and creating financial obligations can introduce financial risks and operational changes that warrant closer examination.

Key Numbers

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by LCI Industries?

The filing indicates the entry into a material definitive agreement but does not specify its nature or terms.

What is the specific financial obligation created by LCI Industries?

The filing confirms the creation of a direct financial obligation but does not provide details on the amount or terms of this obligation.

When was the earliest event reported in this 8-K filing?

The earliest event reported is dated March 25, 2025.

What was LCI Industries' former company name?

LCI Industries was formerly known as Drew Industries Inc.

What is the primary business sector for LCI Industries?

LCI Industries operates in the Motor Vehicle Parts & Accessories sector, with SIC code 3714.

From the Filing

0000763744-25-000046.txt : 20250325 0000763744-25-000046.hdr.sgml : 20250325 20250325170620 ACCESSION NUMBER: 0000763744-25-000046 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 204 CONFORMED PERIOD OF REPORT: 20250325 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: 20250325 DATE AS OF CHANGE: 20250325 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LCI INDUSTRIES CENTRAL INDEX KEY: 0000763744 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing EIN: 133250533 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13646 FILM NUMBER: 25769223 BUSINESS ADDRESS: STREET 1: 3501 COUNTY ROAD 6 EAST CITY: ELKHART STATE: IN ZIP: 46514 BUSINESS PHONE: 5745351125 MAIL ADDRESS: STREET 1: 3501 COUNTY ROAD 6 EAST CITY: ELKHART STATE: IN ZIP: 46514 FORMER COMPANY: FORMER CONFORMED NAME: DREW INDUSTRIES INC DATE OF NAME CHANGE: 20161220 FORMER COMPANY: FORMER CONFORMED NAME: DREW INDUSTRIES Inc DATE OF NAME CHANGE: 20150408 FORMER COMPANY: FORMER CONFORMED NAME: DREW INDUSTRIES INC DATE OF NAME CHANGE: 19920703 8-K 1 lcii-20250325.htm 8-K lcii-20250325 0000763744 FALSE 0000763744 2025-03-25 2025-03-25 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): March 25, 2025 LCI INDUSTRIES (Exact name of registrant as specified in its charter) Delaware 001-13646 13-3250533 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 3501 County Road 6 East, Elkhart, Indiana 46514 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (574) 535-1125 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 Common Stock, $.01 par value LCII 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. Facilities On March 25, 2025 (the “Closing Date”), LCI Industries (the “Company”) and certain of its subsidiaries entered into a Credit Agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders party thereto. The Credit Agreement provides for (i) a $600.0 million five-year revolving credit facility (o

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