San Juan Basin Royalty Trust(SJT) - 2025 Q2 - Quarterly Results
2025-07-21 18:26
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 (State or Other Jurisdiction of Incorporation) Texas 001-08032 75-6279898 (Commission File Number) (IRS Employer Identification No.) Argent Trust Company, Trustee 3838 Oak Lawn Ave. Suite 1720 Dallas, Texas 75219 (Address of Principal Executive Offices, including zip code) Registrant's Telephone Number, Including Area Code: (855) 588-7839 (For ...
PermRock Royalty Trust(PRT) - 2025 Q2 - Quarterly Results
2025-07-21 16:58
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (State or Other Jurisdiction of Incorporation) Delaware 001-38472 82-6725102 (Commission File Number) (IRS Employer FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: July 21, 2025 PERMROCK ROYALTY TRUST (Exact name of Registrant as Specified in Its Charter) Identification No.) Argent Trust Company, Trustee 3838 Oak Lawn Ave. Suite 1720 Dallas, Texas 75219 (Address of Principal ...
GE(GE) - 2025 Q2 - Quarterly Report
2025-07-21 16:01
Commission file number 001-00035 GENERAL ELECTRIC COMPANY (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ New York 14-0689340 (State or oth ...
ICICI Bank(IBN) - 2025 Q1 - Quarterly Report
2025-07-21 14:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a -16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2025 Commission File Number: 001-15002 ICICI Bank Limited (Translation of registrant's name into English) ICICI Bank Towers, Bandra-Kurla Complex Mumbai, India 400 051 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20 ...
Permian Basin Royalty Trust(PBT) - 2025 Q2 - Quarterly Results
2025-07-21 13:42
Notwithstanding requests from the Trustee to Blackbeard Operating, LLC ("Blackbeard"), the operator of the Waddell Ranch properties, and the fact that prior to May 2024, Blackbeard has provided this information on a monthly basis since Argent Trust Company has become Trustee of the Trust, Blackbeard has refused to provide the Trustee information necessary to calculate the net profits interest ("NPI") proceeds for July 2025 as of the announcement date for this month's distribution. As a result of Blackbeard' ...
Peoples Bancorp of North Carolina(PEBK) - 2025 Q2 - Quarterly Results
2025-07-21 13:30
EARNINGS RELEASE EXHIBIT (99)(a) Jeffrey N. Hooper Executive Vice President and Chief Financial Officer 828-464-5620 For Immediate Release EX-99.A 2 pebk_ex99a.htm PRESS RELEASE July 21, 2025 Contact: William D. Cable, Sr. President and Chief Executive Officer PEOPLES BANCORP ANNOUNCES SECOND QUARTER 2025 RESULTS Peoples Bancorp of North Carolina, Inc. (NASDAQ: PEBK) (the "Company"), the parent company of Peoples Bank (the "Bank"), reported second quarter 2025 results with highlights as follows: Second quar ...
Clear Channel Outdoor(CCO) - 2025 Q2 - Quarterly Results
2025-08-05 01:01
[Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) This section incorporates by reference financial results for the quarter ended June 30, 2025, as detailed in Item 7.01 and Exhibit 99.1 - Information related to the completed fiscal period, specifically the quarter ended June 30, 2025, as detailed in Item 7.01 and Exhibit 99.1, is incorporated by reference into this item[4](index=4&type=chunk)[5](index=5&type=chunk) [Item 7.01 Regulation FD Disclosure](index=2&type=section&id=Item%207.01%20Regulation%20FD%20Disclosure) The company disclosed a new private note offering and second-quarter 2025 debt repurchase activities on July 21, 2025, via a confidential preliminary offering memorandum [Private Offering](index=2&type=section&id=Private%20Offering) The company initiated a private offering of $2,050.0 million in Senior Secured Notes due 2031 and 2033, with preliminary Q2 2025 financial data provided Details of the Private Offering | Item | Detail | | :--- | :--- | | **Offering Type** | Private Offering of Senior Secured Notes | | **Securities** | Senior Secured Notes due 2031 & 2033 | | **Aggregate Principal Amount** | $2,050.0 million | | **Date** | July 21, 2025 | [Debt Repurchase Activity](index=2&type=section&id=Debt%20Repurchase%20Activity) In Q2 2025, the company repurchased $229.8 million in senior notes for $203.4 million cash, which remain uncanceled Q2 2025 Debt Repurchases | Notes Repurchased | Principal Amount | Total Cash Payment (incl. interest/fees) | | :--- | :--- | :--- | | 7.750% Senior Notes due 2028 | $95.7 million | $85.4 million | | 7.500% Senior Notes due 2029 | $134.1 million | $118.0 million | [Item 8.01 Other Events](index=2&type=section&id=Item%208.01%20Other%20Events) This section details the company's press release announcing the private offering and the intended use of its proceeds for debt redemptions and related expenses - The company issued a press release on July 21, 2025, announcing the commencement of the Private Offering[8](index=8&type=chunk) - The proceeds from the offering, along with cash on hand, are intended to be used for the following purposes[8](index=8&type=chunk) - Fund the early redemption of its outstanding 5.125% Senior Secured Notes due 2027[8](index=8&type=chunk) - Fund the early redemption of its outstanding 9.000% Senior Secured Notes due 2028[8](index=8&type=chunk) - Pay related transaction fees and expenses[8](index=8&type=chunk) - The company clarifies that this Form 8-K does not constitute a notice of redemption for the existing notes[8](index=8&type=chunk) [Cautionary Statement Concerning Forward-Looking Statements](index=2&type=section&id=Cautionary%20Statement%20Concerning%20Forward-Looking%20Statements) This section warns that forward-looking statements regarding the Private Offering and Redemption are subject to risks and uncertainties beyond the company's control, with no obligation to update - The report contains forward-looking statements regarding the Private Offering and the Redemption, which are subject to numerous risks and uncertainties, with many factors determining the outcome beyond the company's control, and no obligation to update these statements[11](index=11&type=chunk)[12](index=12&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=3&type=section&id=Item%209.01.%20Financial%20Statements%20and%20Exhibits) This section lists the financial statements and exhibits filed, including excerpts from the preliminary offering memorandum, a press release, and the interactive data file Filed Exhibits | Exhibit No. | Description of Exhibit | | :--- | :--- | | 99.1 | Excerpts from Clear Channel Outdoor Holdings, Inc.'s confidential preliminary offering memorandum, dated as of July 21, 2025 | | 99.2 | Press Release issued by Clear Channel Outdoor Holdings, Inc. on July 21, 2025 | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
DENTSPLY SIRONA(XRAY) - 2025 Q2 - Quarterly Results
2025-07-21 12:33
Employment Agreement This agreement details the terms of employment, compensation, termination, and restrictive covenants for the President and CEO [1. Employment](index=1&type=section&id=1.%20Employment) The agreement establishes the executive's role, a three-year initial term, duties, and primary location of employment - The employment term begins on August 1, 2025, for an **initial period of three years**[7](index=7&type=chunk) - The agreement will **automatically renew for successive 12-month periods** unless either party provides a 90-day notice of non-renewal[7](index=7&type=chunk) - Executive will serve as the **President and Chief Executive Officer** of the Company, reporting to the Board of Directors[8](index=8&type=chunk) - Executive must devote substantially all working time to the company but is permitted to manage personal affairs, serve on non-profit boards, and, with Board approval, serve on one other public or private company board[8](index=8&type=chunk) - The executive's principal office will be at the Company's commercial headquarters in **Charlotte, North Carolina**[10](index=10&type=chunk) [2. Compensation and Related Matters](index=2&type=section&id=2.%20Compensation%20and%20Related%20Matters) The executive's compensation package includes base salary, annual bonuses, long-term incentives, and one-time initial grants Annual Base Salary | Component | Amount | | :--- | :--- | | Annual Base Salary | $1,030,000 | Annual Bonus Target | Component | Target | | :--- | :--- | | Annual Bonus | 135% of Annual Base Salary | - For fiscal year 2025, the annual bonus will be prorated, and performance will be deemed achieved at the **greater of 75% of target** or the multiplier based on actual full-year performance[14](index=14&type=chunk) Annual Long-Term Incentive Target | Component | Target Value | | :--- | :--- | | Annual Equity Incentive (starting FY2026) | $7,750,000 | Initial Equity Grants | Grant Type | Grant Date Value | | :--- | :--- | | **Total Initial Grants** | **~$6,400,000** | | Pro-rata Annual Grant | $3,875,000 | | Inducement Grant | $2,525,000 | | Option Initial Grant (50% of total) | $3,200,000 | | PSU Initial Grant (50% of total) | $3,200,000 | - The Option Initial Grant vests in **three substantially equal annual installments**, beginning on the first anniversary of the Commencement Date[17](index=17&type=chunk) - The PSU Initial Grant vests based on **time and performance conditions** similar to those for other executive officers' FY25 PSU awards[18](index=18&type=chunk) Signing Bonuses | Bonus Type | Amount/Formula | | :--- | :--- | | Relocation Signing Bonus | $150,000 | | Additional Signing Bonus | $1,600,000 multiplied by the fraction of 2025 prior to the start date | - Signing bonuses may be required to be repaid if the executive's employment is terminated by the Company for Cause or by the Executive without Good Reason before the first anniversary of the start date[22](index=22&type=chunk) [3. Termination](index=5&type=section&id=3.%20Termination) The agreement defines conditions for employment termination and outlines baseline payment obligations and required resignations - Employment can be terminated under the following circumstances: **Death, Disability, by the Company for Cause, by the Company without Cause, by the Executive without Good Reason, or by the Executive for Good Reason**[28](index=28&type=chunk)[29](index=29&type=chunk) - Upon any termination, the executive (or their estate) is entitled to receive **earned but unpaid Annual Base Salary, reimbursement for business expenses, and any vested employee benefits**[31](index=31&type=chunk) - Upon termination of employment for any reason, the Executive is **deemed to have resigned from all offices and directorships** held with the Company or its Affiliates[32](index=32&type=chunk)[33](index=33&type=chunk) [4. Severance](index=7&type=section&id=4.%20Severance) The executive is eligible for severance under the company's plan, contingent on a release of claims - The Executive is eligible to participate in the company's Key Employee Severance Benefits Plan, with benefits **contingent on signing and not revoking a release of claims**[35](index=35&type=chunk) - If employment is terminated due to death or Disability, the executive (or their estate) will receive a **prorated Annual Bonus** for the fiscal year in which termination occurs, based on actual company performance[36](index=36&type=chunk) - Severance benefits under this agreement are **not intended to duplicate other benefits**, and the company may reduce payments to avoid duplication[37](index=37&type=chunk) [5. Covenants](index=8&type=section&id=5.%20Covenants) The agreement establishes a 24-month post-termination non-compete, non-solicitation, and mutual non-disparagement covenants - The "Restriction Period" for covenants is defined as the period of employment plus **twenty-four (24) months** following the date of termination[41](index=41&type=chunk) - During the Restriction Period, the executive is **prohibited from being employed by or acting as a senior advisor to any Competing Business**[38](index=38&type=chunk) - The executive is **prohibited from soliciting company customers or employees** during the Restriction Period[39](index=39&type=chunk) - The agreement includes a **mutual non-disparagement clause**, binding on both the executive and the company's officers and directors[42](index=42&type=chunk) [6. Nondisclosure of Proprietary Information](index=10&type=section&id=6.%20Nondisclosure%20of%20Proprietary%20Information) The executive has a perpetual obligation to protect the company's confidential information and return all property upon termination - The executive must, **in perpetuity, maintain the confidence of and not use or disclose the Company's Confidential Information**, which includes a broad range of business, financial, and technical information[46](index=46&type=chunk) - Upon termination, the executive must **promptly return all company documents and property**, in any form, that contain Confidential Information[47](index=47&type=chunk) - The agreement provides **immunity under the Defend Trade Secrets Act** (18 U.S.C. § 1833(b)) for disclosing a trade secret to a government official or an attorney solely for the purpose of reporting or investigating a suspected violation of law[51](index=51&type=chunk) [7. Inventions](index=11&type=section&id=7.%20Inventions) All inventions created by the executive during employment related to the company's business are its exclusive property - All rights to discoveries, inventions, improvements, and innovations related to the company's business created by the executive during employment ("Inventions") are the **exclusive property of the Company**[52](index=52&type=chunk) - The executive must **promptly disclose all Inventions** to the Company and assist the Company in obtaining, defending, and enforcing its rights, even after employment ends[52](index=52&type=chunk)[53](index=53&type=chunk) [8. Injunctive Relief](index=12&type=section&id=8.%20Injunctive%20Relief) The company is entitled to seek injunctive relief for breaches of covenants without posting a bond - A breach of the covenants in Sections 5-7 is acknowledged to cause **irreparable damage** to the Company[54](index=54&type=chunk) - In the event of such a breach, the Company is entitled to seek **specific performance and injunctive relief** without the requirement to post a bond[54](index=54&type=chunk) [9. Clawback Provisions](index=12&type=section&id=9.%20Clawback%20Provisions) All incentive-based compensation is subject to clawback as required by company policy, law, or exchange listing rules - Any incentive-based compensation paid to the Executive is **subject to deduction and clawback** as may be required by Company policy, law, government regulation, or stock exchange listing requirements[55](index=55&type=chunk) [10. Section 280G](index=12&type=section&id=10.%20Section%20280G) Parachute payments will be structured to maximize the executive's after-tax benefit by either paying in full or reducing to avoid excise tax - If any payments in connection with a Change in Control would constitute a "parachute payment" under Section 280G of the Code, the total payment will be either delivered in full or reduced to avoid the excise tax, **whichever results in the greatest after-tax amount for the Executive**[56](index=56&type=chunk) [11. Assignment and Successors](index=13&type=section&id=11.%20Assignment%20and%20Successors) The company may assign the agreement to a successor, while the executive's rights are generally non-assignable - The Company may assign its rights and obligations to a successor or a U.S. subsidiary; **The Executive's rights and obligations are not assignable**[58](index=58&type=chunk) - The Executive may designate a beneficiary to receive compensation due after his death[58](index=58&type=chunk) [12. Certain Definitions](index=13&type=section&id=12.%20Certain%20Definitions) This section defines key terms used in the agreement, referencing the company's Severance Plan for several definitions - Defines key terms used in the agreement; **"Cause" and "Good Reason" are defined by referencing the company's Current Severance Plan**[59](index=59&type=chunk)[61](index=61&type=chunk) [13. Miscellaneous Provisions](index=14&type=section&id=13.%20Miscellaneous%20Provisions) This section contains standard legal clauses, including governing law and provisions to ensure compliance with Section 409A - The agreement is governed by the laws of the **State of North Carolina**[61](index=61&type=chunk) - The provisions of **Sections 4 through 11 and Section 13 will survive** the termination of employment[62](index=62&type=chunk) - The agreement is intended to comply with **Section 409A of the Internal Revenue Code**, and payments may be delayed for six months if the executive is a "specified employee"[71](index=71&type=chunk)[72](index=72&type=chunk)[73](index=73&type=chunk) Exhibit A: Separation and Release of Claims Agreement This exhibit outlines the terms of separation, a comprehensive release of claims, and related legal provisions [1-4. Separation Terms and Benefits](index=19&type=section&id=1-4.%20Separation%20Terms%20and%20Benefits) These sections formalize the separation date, property return, and the executive's entitlement to severance benefits - The agreement sets forth the terms of the Executive's separation from employment as of the **"Separation Date"**[82](index=82&type=chunk) - The Executive must **return all Employer property within five business days** of the Separation Date[83](index=83&type=chunk) - In exchange for signing the agreement, the Executive will receive the **severance payments and benefits** specified in the Employment Agreement and the Severance Plan[85](index=85&type=chunk) [5. Release](index=20&type=section&id=5.%20Release) The executive provides a broad, irrevocable waiver of all known and unknown claims against the company, with specific exceptions - The Executive provides a **full and unconditional release of all claims** against the Employer and its affiliates ("Released Parties") arising up to the date of signing[87](index=87&type=chunk) - The release specifically covers claims under numerous laws, including **Title VII, ADA, FMLA, ERISA**, and various other federal and state statutes[87](index=87&type=chunk) - The release **does not waive certain rights**, including: the right to file a charge with the EEOC, claims for vested benefits, rights under this agreement, and indemnification rights[89](index=89&type=chunk) [6. Specific Release of ADEA Claims](index=21&type=section&id=6.%20Specific%20Release%20of%20ADEA%20Claims) This section ensures the waiver of age discrimination claims is knowing and voluntary, providing review and revocation periods - The Executive specifically waives and releases all claims arising under the **Age Discrimination in Employment Act (ADEA)**[90](index=90&type=chunk)[91](index=91&type=chunk) - The agreement confirms the Executive was given at least **twenty-one (21) days to consider** the terms and has a **seven (7) day period after signing to revoke** the ADEA release[91](index=91&type=chunk) [7-10. Agreement Mechanics and Enforcement](index=22&type=section&id=7-10.%20Agreement%20Mechanics%20and%20Enforcement) These sections detail the agreement's effective date, confidentiality, and the company's remedies for a breach by the executive - The agreement becomes effective on the **eighth day after the Executive signs**, provided it is not revoked during the 7-day Revocation Period[92](index=92&type=chunk) - The Executive reaffirms their obligation to comply with all **post-termination obligations and restrictive covenants** from the original Employment Agreement[93](index=93&type=chunk) - The Executive agrees to **keep the terms of the agreement confidential**, with exceptions for disclosures to a spouse, attorney, and tax advisors[94](index=94&type=chunk) - If the Executive breaches the agreement, the Company is entitled to seek **injunctive relief and may terminate any further severance payments**[96](index=96&type=chunk) [11-22. General Legal Provisions](index=24&type=section&id=11-22.%20General%20Legal%20Provisions) This final part contains standard legal clauses, including governing law, an entire agreement clause, and no admission of liability - The agreement is governed by the laws of **North Carolina**, with jurisdiction in Charlotte[98](index=98&type=chunk) - The agreement **does not constitute an admission of wrongdoing or liability** by either the Employer or the Executive[103](index=103&type=chunk) - The agreement is intended to comply with **Section 409A of the Internal Revenue Code**, and payments may be structured or delayed to ensure compliance[105](index=105&type=chunk)[106](index=106&type=chunk)
First United (FUNC) - 2025 Q2 - Quarterly Results
2025-07-21 12:31
Exhibit 99.1 FIRST UNITED CORPORATION ANNOUNCES SECOND QUARTER 2025 FINANCIAL RESULTS OAKLAND, MARYLAND— July 21, 2025: First United Corporation (the "Corporation", "we", "us", and "our") (NASDAQ: FUNC), a bank holding company and the parent company of First United Bank & Trust (the "Bank"), today announced financial results for the three- and six-month periods ended June 30, 2025. Consolidated net income was $6.0 million for the second quarter of 2025, or $0.92 per diluted common share, compared to $4.9 mi ...
Dynex Capital(DX) - 2025 Q2 - Quarterly Results
2025-07-21 12:08
Exhibit 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE CONTACT: Alison Griffin July 21, 2025 (804) 217-5897 DYNEX CAPITAL, INC. ANNOUNCES SECOND QUARTER 2025 RESULTS GLEN ALLEN, Va. -- Dynex Capital, Inc. ("Dynex" or the "Company") (NYSE: DX) reported its second quarter 2025 financial results today. Management will host a call today at 10:00 a.m. Eastern Time to discuss the results and business outlook. Details to access the call can be found below under "Earnings Conference Call." Second Quarter Financial Perfor ...