8-KMaterial AgreementsExhibits & Filings

Mondelez International, Inc. 8-K Report, Material Agreement (Dec 19, 2005)

Filed December 19, 2005For Securities:MDLZ

Summary

This 8-K filing from Kraft Foods Inc. (predecessor to Mondelez International, Inc.) on December 19, 2005, details a material definitive agreement concerning the acquisition of an aircraft hangar and related property in Milwaukee, Wisconsin. Kraft Foods Global, Inc., a subsidiary, purchased the property for approximately $3.3 million from Altria Corporate Services, Inc. This transaction involves the assumption of rights and obligations under a ground lease and the purchase of improvements and personal property. The filing also outlines an Amended and Restated Aircraft Management Agreement and an Environmental Agreement. The management agreement governs aviation services provided by Altria Corporate Services to Kraft, while the environmental agreement clarifies responsibilities for hazardous substances on the property, with Kraft assuming responsibility for post-closing issues and Altria retaining responsibility for pre-closing conditions. These agreements are significant for Kraft's operational infrastructure and risk management.

Key Highlights

  • 1Kraft Foods Inc. subsidiary acquired an aircraft hangar and related property in Milwaukee, Wisconsin.
  • 2The transaction involved a purchase price of approximately $3.3 million.
  • 3The acquisition includes rights and obligations under a ground lease, as well as improvements and personal property.
  • 4An Amended and Restated Aircraft Management Agreement was entered into, detailing ongoing aviation services.
  • 5An Environmental Agreement was established to define responsibilities for hazardous substances on the property.
  • 6Altria Corporate Services remains responsible for pre-closing environmental issues, while Kraft assumes post-closing responsibility.

Frequently Asked Questions

The main purpose of this 8-K filing was to report the entry into a material definitive agreement by Kraft Foods Inc. (a subsidiary) to acquire an aircraft hangar and related property, along with associated management and environmental agreements.

Kraft Foods paid approximately $3.3 million to Altria Corporate Services, Inc. for the aircraft hangar and related property.

The Environmental Agreement clarifies responsibilities for hazardous or toxic substances on the property. Altria Corporate Services is responsible for any issues occurring up to the closing date (December 16, 2005), and Kraft Foods assumes responsibility for any issues occurring on or after the closing date.

This filing is from December 2005, when the company was known as Kraft Foods Inc. Mondelez International was later formed in 2012 as a spin-off of Kraft Foods' global snacks business. While this filing concerns a predecessor entity, it provides historical insight into Kraft's operational assets and agreements during that period.