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Form 8-K · Current Report · Filed 2024-12-10

Trimble Inc. Expects to File Delayed Reports and Restart Stock Repurchase Program

Trimble Inc. announced that the assessment of its internal controls over financial reporting is nearing completion. The company expects to file its amended Annual Report on Form 10-K for the year ended December 29, 2023, and its Quarterly Reports on Form 10-Q for the first three quarters of 2024, within approximately two weeks. The filings are expected to result in regaining compliance with Nasdaq Listing Rule 5250(c)(1). Management has not identified any errors that would necessitate a restatement of the consolidated financial statements. Additionally, Trimble plans to restart its common stock repurchase program as soon as practicable.

Filer
Trimble Inc. TRMB · NASDAQ
Filed
Accession
0000864749-24-000259
CIK
0000864749
Signal
High impactTechnology

Items reported

Item 8.01

Other Events

Regulatory Investigation Share Repurchase Program Announced

Market reaction

Close before filing

$74.61

Next session

-0.9%

Since filing

-20.3%

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 Inc. to Proceed with 2024 Annual Meeting Amidst Internal Control Assessment+2.6%
Trimble Inc. Reconvening 2024 Annual Meeting Due to Delayed Amended Form 10-K Filing+2.0%
Trimble Inc. Reports Strong Q2 2024 Financial Results with Earnings Beat and Guidance Raise+1.5%
Trimble Inc. Updates By-Laws and Adjourns Annual Meeting-1.8%
Trimble Inc. Discloses Material Weakness in Internal Controls, Delays Financial Filings-6.5%

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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