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Vulcan Materials 8-K Report, Corporate Update (Feb 20, 2024)

Reports
Other Events
Filing Date
Filed February 20, 2024
Period End
February 20, 2024
Security
VMC
In the record · 2016–202610-K1110-Q338-K128

VMC filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 128 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Feb ’18Feb ’18
  2. Material agreement8-K · Apr ’20Apr ’20
  3. Leadership change8-K · Jul ’22Jul ’22
  4. Leadership change8-K · Oct ’26Oct ’26

01—Abstract

Summary

Summary of the 8-K filed February 20, 2024. Cited figures are marked; the original filing is the authoritative source.

Vulcan Materials Company (NYSE: VMC) filed this Form 8-K on February 20, 2024 to report that on that same date it elected to redeem all of the $550 milliona aggregate principal amount of its outstanding 5.800% notes due 2026 (CUSIP No. 929160BA6).

Regions Bank, acting as trustee and paying agent under the indenture governing the notes, mailed a notice of redemption to the record holders on February 20, 2024. The redemption is scheduled to occur on March 1, 2024. The filing is brief and reports no financial results, guidance, or other operational developments.

Its significance for investors is limited to a debt-management action: retiring the full $550 millionb of 5.800% notes ahead of their 2026 maturity. The filing does not state the funding source for the redemption, the redemption price, or any effect on the company's financial position.

02—Key points

Key Highlights

  1. Vulcan Materials elected to redeem all $550 million aggregate principal amount of its outstanding 5.800% notes due 2026 (CUSIP No. 929160BA6).
  2. Regions Bank, as trustee and paying agent, mailed the notice of redemption to record holders on February 20, 2024.
  3. The redemption is scheduled to occur on March 1, 2024.
  4. The filing is a standalone Item 8.01 (Other Events) disclosure and contains no financial results or guidance.
  5. The filing does not state the redemption price, funding source, or accounting impact of the redemption.

03—Questions

Frequently Asked Questions

  1. What is being redeemed?

    Vulcan Materials is redeeming all $550 million aggregate principal amount of its outstanding 5.800% notes due 2026, identified by CUSIP No. 929160BA6.

  2. When will the redemption take place?

    The filing states that the redemption is scheduled to occur on March 1, 2024, with the notice of redemption mailed on February 20, 2024.

  3. Who is handling the redemption?

    Regions Bank serves as trustee and paying agent under the indenture governing the notes and mailed the notice of redemption to record holders.

  4. Does this filing include financial results or guidance?

    No. The filing consists only of an Item 8.01 (Other Events) disclosure about the note redemption and contains no financial results or forward-looking guidance.

04—Continue

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