Lindsay Corp Enters Material Definitive Agreement
Ticker: LNN · Form: 8-K · Filed: Aug 27, 2025 · CIK: 836157
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
Lindsay Corp just signed a big deal, creating new financial obligations.
AI Summary
Lindsay Corporation entered into a material definitive agreement on August 26, 2025. This agreement also created a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to this event.
Why It Matters
This filing indicates a significant new financial commitment or arrangement for Lindsay Corporation, which could impact its financial obligations and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating new financial obligations can introduce financial risks and operational changes that warrant careful monitoring.
Key Players & Entities
- Lindsay Corporation (company) — Registrant
- August 26, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 47-0554096 (identifier) — IRS Employer Identification No.
- 18135 Burke Street Suite 100 (address) — Principal Executive Offices
- Omaha, Nebraska (location) — Principal Executive Offices City and State
- 68022 (zip_code) — Principal Executive Offices Zip Code
- (402) 82 (phone_number) — Registrant's Telephone Number
FAQ
What type of material definitive agreement did Lindsay Corporation enter into?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on August 26, 2025.
What is the nature of the financial obligation created by the agreement?
The filing states that the agreement created a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' but does not provide specific details.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on August 26, 2025.
Where is Lindsay Corporation's principal executive office located?
Lindsay Corporation's principal executive offices are located at 18135 Burke Street, Suite 100, Omaha, Nebraska, 68022.
What is Lindsay Corporation's IRS Employer Identification Number?
Lindsay Corporation's IRS Employer Identification Number is 47-0554096.
Filing Stats: 807 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2025-08-27 16:15:26
Key Financial Figures
- $1.00 — nge on which registered Common Stock, $1.00 par value LNN New York Stock Exchan
- $50 million — ") and which continues to provide for a $50 million unsecured revolving credit facility. Co
Filing Documents
- lnn-20250826.htm (8-K) — 45KB
- lnn-ex10_1.htm (EX-10.1) — 52KB
- lnn-ex10_2.htm (EX-10.2) — 21KB
- 0000836157-25-000003.txt ( ) — 232KB
- lnn-20250826.xsd (EX-101.SCH) — 24KB
- lnn-20250826_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. As previously disclosed, on February 18, 2015, Lindsay Corporation (the "Company") entered into the Amended and Restated Revolving Credit Agreement (the "Credit Agreement") with Wells Fargo Bank, National Association (the "Bank"), which was amended on February 28, 2017 (the "First Credit Amendment"), May 31, 2019 (the "Second Credit Amendment"), and August 26, 2021 (the "Third Credit Amendment") and which continues to provide for a $50 million unsecured revolving credit facility. Copies of the Credit Agreement, the First Credit Amendment, the Second Credit Amendment, and the Third Credit Amendment were filed as Exhibits 10.2, 10.1, 10.2, and 10.1, respectively, to the Current Reports on Form 8-K filed by the Company on February 20, 2015, March 1, 2017, June 5, 2019, and August 31, 2021, respectively. On August 26, 2025, the Company and the Bank entered into the Fourth Amendment to the Credit Agreement (the "Fourth Credit Amendment"). The Fourth Credit Amendment, among other things, (i) extends the termination date of the unsecured revolving credit facility from August 26, 2026 to August 26, 2030 and (ii) expressly provides the Company with the right, without premium or penalty, to terminate or reduce the size of the unsecured revolving credit facility. The Company also previously executed the Second Amended and Restated Line of Credit Note in favor of the Bank on August 26, 2021 (the "Line of Credit Note"). A copy of the Line of Credit Note was filed as Exhibit 10.2 to the Current Report on Form 8-K filed by the Company on August 31, 2021. On August 26, 2025, the Company and the Bank entered into the First Modification to the Line of Credit Note to similarly extend the maturity date of the Line of Credit Note from August 26, 2026 to August 26, 2030. The foregoing description does not purport to be complete and is subject to and qualified in its entirety by reference to the complete texts of the Fourth Cre
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. 10.1 Fourth Amendment to Amended and Restated Revolving Credit Agreement, dated August 26, 2025, by and between the Company and the Bank . 10.2 First Modification to Second Amended and Restated Line of Credit Note, dated August 26, 2025, by and between the Company and the Bank . 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. LINDSAY CORPORATION Date: August 27, 2025 By: /s/ Brian L. Ketcham Brian L. Ketcham, Senior Vice President and Chief Financial Officer