NN, Inc. Files 8-K on Material Agreement and Financial Obligation

Ticker: NNBR · Form: 8-K · Filed: 2025-04-02T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, financial-obligation, 8-k

TL;DR

NN, Inc. just signed a big deal and took on new debt. Watch this space.

AI Summary

NN, Inc. filed an 8-K on March 28, 2025, reporting the entry into a material definitive agreement and the creation of a direct financial obligation. The filing details financial statements and exhibits related to these events. The company, formerly known as NN Ball & Roller Inc., is incorporated in Delaware and headquartered in Charlotte, North Carolina.

Why It Matters

This filing indicates NN, Inc. has entered into a significant new contract or financial arrangement, which could impact its future financial performance and operational strategy.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a new financial obligation, which inherently carries some level of risk related to execution and financial impact.

Key Numbers

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by NN, Inc.?

The filing does not specify the exact nature of the material definitive agreement, only that one was entered into as of March 28, 2025.

What type of direct financial obligation did NN, Inc. create?

The filing states that a direct financial obligation or an obligation under an off-balance sheet arrangement was created, but the specific details of this obligation are not provided in the summary.

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

The earliest event reported in this 8-K filing occurred on March 28, 2025.

What was NN, Inc. formerly known as?

NN, Inc. was formerly known as NN Ball & Roller Inc.

Where are NN, Inc.'s principal executive offices located?

NN, Inc.'s principal executive offices are located at 6210 Ardrey Kell Road, Suite 120, Charlotte, North Carolina.

From the Filing

0000918541-25-000041.txt : 20250402 0000918541-25-000041.hdr.sgml : 20250402 20250402163536 ACCESSION NUMBER: 0000918541-25-000041 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250328 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: 20250402 DATE AS OF CHANGE: 20250402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NN INC CENTRAL INDEX KEY: 0000918541 STANDARD INDUSTRIAL CLASSIFICATION: METALWORKING MACHINERY & EQUIPMENT [3540] ORGANIZATION NAME: 06 Technology EIN: 621096725 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39268 FILM NUMBER: 25805331 BUSINESS ADDRESS: STREET 1: 6210 ARDREY KELL ROAD STREET 2: SUITE 120 CITY: CHARLOTTE STATE: NC ZIP: 28277 BUSINESS PHONE: 980-264-4300 MAIL ADDRESS: STREET 1: 6210 ARDREY KELL ROAD STREET 2: SUITE 120 CITY: CHARLOTTE STATE: NC ZIP: 28277 FORMER COMPANY: FORMER CONFORMED NAME: NN BALL & ROLLER INC DATE OF NAME CHANGE: 19940203 8-K 1 nnbr-20250328.htm FORM 8-K nnbr-20250328 March 28, 2025 0000918541 false Charlotte North Carolina 0000918541 2025-03-28 2025-03-28 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): March 28, 2025 NN, Inc. (Exact name of registrant as specified in its charter) Delaware 001-39268 62-1096725 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 6210 Ardrey Kell Road, Suite 120 Charlotte , North Carolina 28277 (Address of principal executive offices) (Zip Code) ( 980 ) 264-4300 (Registrant’s telephone number, including area code)  (Former name or former address, if changed since last report) Check the appropriate box 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 Name of each exchange on which registered Common Stock, par value $0.01 NNBR 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 March 28, 2025, NN, Inc., a Delaware corporation (the “Company”), certain subsidiaries of the Company named therein, the lenders party thereto and Oaktree Fund Administration, LLC, as administrative agent (“Oaktree”), entered into that certain Amendment No. 6 to Term Loan Credit Agreement (the “Amendment”), which amended the Company’s existing Term Loan Credit Agreement, dated as of March 22, 2021 (as previously amended and as amended by the Am

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