secwatch.observer — SEC 8-K summary
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Issuer:     TITAN INTERNATIONAL INC (TWI)
CIK:        0000899751
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0000899751-25-000003
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Titan International enters global supply agreement with Deere & Company through Oct 2027
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- Global Long-Term Agreement effective Nov 1, 2024 to Oct 30, 2027, covering wheels and tires from Titan's North and South America plants.
- Includes supplier share commitments; if share drops below commitment, recovery plan required and price decreases may be paused.
- Titan must maintain service parts capability for 15 years after last production part supplied and provide one-time buy option upon termination.
- No minimum purchase quantities; Deere may buy standard commercial service parts from other sources, excluding them from Titan warranty.
- Raw material price adjustments reviewed quarterly with set implementation dates; cost reduction activities tracked via John Deere CROP process.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899751/000089975125000003/0000899751-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899751/000089975125000003/twi-20250116.htm
  HTML page:      https://secwatch.observer/filing/0000899751-25-000003

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