Titan Machinery Inc 8-K, filed Feb 25, 2022
Titan Machinery Inc. (TITN)
8-K
2022-02-25
For: 2022-02-24
View Original
Added on
April 11, 2026
About this 8-K
Titan Machinery Inc filed this 8-K on February 25, 2022, reporting on events of February 24, 2022.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): February 24, 2022
(Exact Name of Registrant as Specified in its Charter)
(State or Other Jurisdiction of Incorporation)
| (Commission File Number) | (IRS Employer Identification No.) | |||||||
(Address of Principal Executive Offices) (Zip Code)
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
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:
Indicate by a 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. o
Item 8.01 Other Events.
On February 24, 2022, the ongoing Russia/Ukraine conflict significantly intensified. Titan Machinery Inc. (the "Company") is actively monitoring the quickly evolving geopolitical situation between Ukraine and Russia. The well-being of the employees of Titan Machinery Ukraine, our wholly owned Ukraine subsidiary, is the Company's primary concern and our team is providing as much support as possible to help them through this difficult situation.
For the nine months ended October 31, 2021 revenues and assets of Titan Machinery Ukraine accounted for under 5% of the Company's total revenues and assets and under 25% of revenues and assets of our International segment. The physical assets (e.g. inventory and fixed assets) of Titan Machinery Ukraine are almost exclusively located in the central and western areas of the country.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
| Exhibit No. | Description of Exhibit | |||||||
| 104 | Cover page interactive data file (embedded within the Inline XBRL document) | |||||||
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.
| TITAN MACHINERY INC. | |||||||||||
| Date: | February 25, 2022 | By | /s/ Mark Kalvoda | ||||||||
| Mark Kalvoda | |||||||||||
| Chief Financial Officer | |||||||||||