Form 8-K · Current Report · Filed 2024-08-01
Trimble Inc. Secures Extension on Credit Agreement Deadlines
On July 29, 2024, Trimble Inc. announced a second Consent and Waiver in relation to its Credit Agreement, dated March 24, 2022, as amended. This agreement extends the company's deadlines for delivering certain financial deliverables and waives potential defaults due to late submissions. Specifically, the Financial Reporting Deadline was extended to October 11, 2024 for fiscal quarters ending March 29, 2024, and June 28, 2024, and to August 27, 2024 for the Sustainability Pricing Certificate for the calendar year ending December 31, 2023. The company and its independent auditors are still working on assessing the impacts of an additional material weakness in internal control over financial reporting previously disclosed.
- Filer
- Trimble Inc. TRMB · NASDAQ
- Filed
- Accession
- 0000864749-24-000191
- CIK
- 0000864749
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Financial Statements and Exhibits
Market reaction
Close before filing
$54.54
Next session
-6.7%
Since filing
+9.0%
Latest close
$59.47
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from TRMB reporting the same item, with the next session's move:
Exhibits (1)
About Trimble Inc.
Trimble Inc. is a technology company that develops positioning and productivity solutions for various industries. It focuses on connecting the physical and digital worlds through advanced integrated solutions. Trimble's portfolio includes industries like agriculture, construction, geospatial, transportation, and natural resources, where accurate positioning and measurement are crucial. The company offers products such as GPS receivers, laser rangefinders, unmanned aerial vehicle systems, and software tools. Founded in 1978 and headquartered in Sunnyvale, California, Trimble has consistently contributed to technological advancements by providing systems that improve productivity, quality, safety, and compliance. Trimble's solutions are vital in automating and streamlining workflows, thus fostering efficiency and innovation across sectors. Its presence is felt globally as it enables businesses to make data-driven decisions, promoting sustainable practices and operational intelligence.
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