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Material Agreement

Filed Aug 28, 2020 · 5y ago · Accession 0001193125-20-234724

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): August 27, 2020     ARTHUR J. GALLAGHER & CO. (Exact name of registrant as specified in its charter)       Delaware   1-09761   36-2151613 (State or other jurisdiction of incorporation or organization)   (Commission File Number)   (I.R.S. Employer Identification Number) 2850 W. Golf Road , Rolling Meadows , Illinois   60008-4050 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: (630) 773-3800 Not Applicable (Former name or former address, if changed since last report)     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:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $1.00 par value   AJG   New York Stock Exchange Indicate by 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.  ☐       Item 1.01. Entry into a Material Definitive Agreement. On August 27, 2020, Arthur J. Gallagher & Co. (“Gallagher”) entered into an amendment (the “Credit Agreement Amendment”) to its Second Amended and Restated Multicurrency Credit Agreement dated June 7, 2019 (as so amended, the “Credit Agreement”) with Bank of Montreal, as administrative agent, and the other lenders signatory thereto. The Credit Agreement Amendment, among other things, (i) provides that the obligations of each subsidiary of Gallagher that was a borrower, guarantor and/or obligor under the Credit Agreement, cease to apply and that each such subsidiary is released from all of its obligations under the Credit Agreement and (ii) replaces the existing minimum asset covenant with a priority indebtedness covenant that is substantially similar to other priority indebtedness covenants applicable to Gallagher under its private placement note purchase agreements. 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.         Arthur J. Gallagher & Co. Date: August 28, 2020            /s/ WALTER D. BAY       Walter D. Bay Vice President, General Counsel and Secretary
Filing details
Ticker
AJG
CIK
354190
Form type
8-K
Filing date
Aug 28, 2020
Report date
Aug 27, 2020
Document
d82400d8k.htm
Size
137 KB