Tupperware Lenders Extend Deadlines for Delayed Reports and Turnaround Plan to February 2024
Tupperware Brands Corporation disclosed in a Form 8-K that on December 22, 2023 it entered a Sixth Amendment to its credit agreement with lenders led by Wells Fargo Bank, its second amendment of the quarter.
The amendment pushed the deadline for delivering unaudited financial statements for the quarter ended April 1, 2023 to February 2, 2024 from December 29, 2023, and for the quarter ended July 1, 2023 to February 2, 2024 from January 31, 2024. It also moved the deadline for delivering the company's Turnaround Plan to February 2, 2024 from December 29, 2023, and required Tupperware to give lenders an update on the status of its turnaround efforts by January 19, 2024.
Tupperware, led since October by Chief Executive Laurie Ann Goldman, remained behind on its 2023 quarterly SEC filings and faced a March 31, 2024 New York Stock Exchange deadline to become current.
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