Franklin Electric Reports Material Agreement & Financial Obligation

TL;DR

Franklin Electric signed a new deal and took on debt on 9/26. Details in new 8-K.

AI Summary

Franklin Electric Co., Inc. filed an 8-K on October 2, 2025, reporting a material definitive agreement and a direct financial obligation entered into on September 26, 2025. The filing includes financial statements and exhibits related to these events.

Why It Matters

This filing indicates Franklin Electric has entered into a significant new agreement and incurred a financial obligation, which could impact its future financial performance and operations.

Risk Assessment

Risk Level: medium — The filing details a material definitive agreement and a direct financial obligation, which inherently carry financial risks and require further analysis of the specific terms.

Key Players & Entities

• FRANKLIN ELECTRIC CO., INC. (company) — Registrant
• September 26, 2025 (date) — Date of earliest event reported
• October 2, 2025 (date) — Date of report
• Indiana (location) — State of incorporation
• 35-0827455 (organization_id) — Commission File Number

FAQ

Key Financial Figures

• $0.10 — ction 12(b) of the Act: Common Stock, $0.10 par value FELE NASDAQ Global Select Mar
• $125 million — e and the Purchasers agreed to purchase $125 million aggregate principal amount of the Compa
• $75 million — s due September 26, 2032, consisting of $75 million aggregate principal amount and $50 mill
• $50 million — million aggregate principal amount and $50 million aggregate principal amount (collectivel

Filing Documents

• fele-20250926.htm (8-K) — 30KB
• a100225ex101nylshelfagreem.htm (EX-10.1) — 44KB
• a100225ex102prushelfagreem.htm (EX-10.,2) — 25KB
• 0000038725-25-000172.txt ( ) — 225KB
• fele-20250926.xsd (EX-101.SCH) — 3KB
• fele-20250926_lab.xml (EX-101.LAB) — 22KB
• fele-20250926_pre.xml (EX-101.PRE) — 13KB
• fele-20250926_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. As previously reported in a Form 8-K filed by Franklin Electric Co., Inc. on May 15, 2024, (the "May 8-K"), Franklin Electric Co., Inc. ("the Company"), and Franklin Electric B.V., a Netherlands private company with limited liability ("Franklin B.V", and together with the Company, collectively, the "Borrowers"), entered into two Private Shelf Agreements (the "Private Shelf Agreements") with the purchasers named therein (the "Purchasers"). On September 26, 2025, pursuant to the Private Shelf Agreements, the Company agreed to issue and the Purchasers agreed to purchase $125 million aggregate principal amount of the Company's 5.01% Senior Notes due September 26, 2032, consisting of $75 million aggregate principal amount and $50 million aggregate principal amount (collectively, the "Notes"). In accordance with the Notes, the Company issued the Notes on September 26, 2025 and anticipates using the proceeds received from the issuance of the Notes refinancing existing indebtedness and financing working capital. This Form 8-K does not constitute an offer to sell or a solicitation of an offer to buy any Notes. The Notes will not be and have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirement. The description above is only a summary of the material provisions of the Notes and is qualified in its entirety by reference to the copy of the Notes which are filed as Exhibit Numbers 10.1 and 10.2 to this current report on Form 8-K and is incorporated herein by reference thereto. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosure in response to Item 1.01 of this Form 8-K is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits: Exhibit Number Description 10.1 Confirmation of Acceptance in reference to the Amended and Restated Note Purchase and Private Shelf Agreement, dated September 22, 2025, by and among Franklin Electric Co., Inc., Franklin Electric B.V., NYL Investors LLC , and the purchasers named therein (filed herewith) 10.2 Confirmation of Acceptance in reference to the Fourth Amended and Restated Note Purchase and Private Shelf Agreement, dated September 22, 2025, by and among Franklin Electric Co., Inc., Franklin Electric B.V., Prudential Insurance Company, and the purchasers named therein (filed herewith) 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 104 The cover page from this Current Report on Form 8-K, formatted as Inline XBRL SIGNATURE 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. FRANKLIN ELECTRIC CO., INC. (Registrant) Date: October 2, 2025 By /s/ Jennifer A. Wolfenbarger Jennifer A. Wolfenbarger Vice President, Chief Financial Officer (Principal Financial and Accounting Officer)

View Full Filing

View this 8-K filing on SEC EDGAR