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Form 8-K · Current Report · Filed 2024-10-10

Trimble Inc. Extends Financial Reporting Deadlines in Credit Agreement

Trimble Inc. has entered into a series of amendments to its Credit Agreement, securing extensions on financial reporting deadlines and waivers of certain defaults. These amendments include the First Consent and Waiver on May 22, 2024, the Second Consent and Waiver on July 29, 2024, and the Third Consent and Waiver on October 9, 2024. The latest waiver extends the deadline to December 10, 2024, for the submission of financial deliverables for specified fiscal quarters. Additionally, the Company is working on completing the assessment of its internal controls over financial reporting, aiming to file the Quarterly Reports on Form 10-Q as soon as practicable.

Filer
Trimble Inc. TRMB · NASDAQ
Filed
Accession
0000864749-24-000246
CIK
0000864749
Signal
Medium impactTechnology

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$62.23

Next session

+1.3%

Since filing

-4.4%

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:

Trimble to Sell Global Transportation Telematics Business to Platform Science+3.2%
Trimble Receives Nasdaq Notification for Delayed Quarterly Report Filings-0.1%
Trimble Inc. Reports Strong Q2 2024 Financial Results with Earnings Beat and Guidance Raise+1.5%
Trimble Inc. Secures Extension on Credit Agreement Deadlines-6.7%
Trimble Inc. Updates By-Laws and Adjourns Annual Meeting-1.8%

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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