---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-283091"
form_type: "8-K"
ticker: "BOX"
cik: "0001372612"
company_name: "BOX INC"
filed_at: "2024-12-20T23:59:59+00:00"
generated_at: "2026-05-29T00:11:45.460246+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Box reduces revolving credit facility to $75M and grants CEO performance-based equity

## Summary
- Revolving commitments reduced from $150M to $75M; no loans outstanding, $11M letters of credit.
- Maturity date amended to earliest of June 30, 2028, Oct 16, 2025 (subject to liquidity >= convertible notes), Feb 11, 2028 (if preferred stock outstanding).
- CEO Aaron Levie granted PSUs covering 600K shares with price hurdles $40, $50, $60 and minimum vesting periods of 1,2,3 years.
- Grant date Dec 18, 2024; PSUs performance-based on stock price average over 45 trading days.

## SEC filing metadata
- accession: 0001193125-24-283091
- form_type: 8-K
- ticker: BOX
- cik: 0001372612
- company_name: BOX INC
- filed_at: 2024-12-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1372612/000119312524283091/0001193125-24-283091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1372612/000119312524283091/d891454d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-283091
- JSON: https://secwatch.observer/filing/0001193125-24-283091.json
- Plain text: https://secwatch.observer/filing/0001193125-24-283091.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.