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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Box Inc | NYSE:BOX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.07 | -0.27% | 26.14 | 26.57 | 25.96 | 26.51 | 1,100,320 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
July 12, 2019
Box, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 001-36805 | 20-2714444 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
900 Jefferson Ave.
Redwood City, California 94063
(Address of principal executive offices, including zip code)
(877) 729-4269
(Registrants telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
||
Class A Common Stock, $0.0001 par value per share | BOX | New York Stock Exchange, Inc. |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
☐ |
Emerging growth company |
☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. |
ITEM 1.01 |
Entry into a Material Definitive Agreement. |
On July 12, 2019, Box, Inc., a Delaware corporation (the Company ) entered into Amendment No. 1 to the Credit Agreement dated as of November 27, 2017 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the Credit Agreement ), between the Company and Wells Fargo Bank, National Association. Pursuant to the terms of the amendment, among other changes, (a) the revolving commitments were increased from $85.0 million to $100.0 million, (b) the maturity date of borrowings under the Credit Agreement was extended from November 27, 2020 to July 12, 2022, and (c) the sublimit for the issuance of letters of credit was increased from $30.0 million to $45.0 million. As of July 12, 2019, there was $40.0 million in revolving loans outstanding and $26.2 million in letters of credit issued under the Credit Agreement.
Additional details of the Credit Agreement were previously disclosed in the Companys Current Report on Form 8-K filed with the Securities and Exchange Commission on November 29, 2017, and are incorporated herein by reference.
The foregoing description of the amendment does not purport to be complete and is qualified in its entirety by the terms and conditions of the amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
ITEM 2.03 |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information related to the Credit Agreement set forth in Item 1.01 above is incorporated herein by reference.
ITEM 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit
|
Description |
|
10.1 | Amendment No. 1 to Credit Agreement, dated as of July 12, 2019, by and between Box, Inc. and Wells Fargo Bank, National Association. |
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.
BOX, INC. | ||||||
Date: July 15, 2019 | By: | /s/ Dylan Smith | ||||
Dylan Smith | ||||||
Chief Financial Officer |
1 Year Box Chart |
1 Month Box Chart |
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