secwatch.observer — SEC 8-K summary
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Issuer:     BOX INC (BOX)
CIK:        0001372612
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001193125-24-283091
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1372612/000119312524283091/0001193125-24-283091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1372612/000119312524283091/d891454d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-283091

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer