Trimble (TRMB) is Now 'Trimble Inc'
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Trimble (Nasdaq: TRMB) announced that is has formally changed its company name from Trimble Navigation Limited to Trimble Inc. In addition, the company has completed its reincorporation from the State of California to the State of Delaware.
"Trimble's name change reflects the evolution from our origins as a GPS products company to a leading provider of integrated information technology solutions," said Steven W. Berglund, president and CEO of Trimble. "Our new name better represents the diversity of both our technologies and markets."
Trimble's name change and change in legal domicile became effective October 1, 2016.
The reincorporation was previously approved by shareholders at Trimble's 2016 Annual Meeting. Stock certificates previously issued for shares in Trimble Navigation Limited, the California corporation, automatically represent shares in Trimble Inc., the Delaware corporation, and stockholders are not required to exchange stock certificates as a result of the reincorporation.
Trimble Inc. will continue to operate without change. The reincorporation will have no material impact on Trimble management, employees or customers. The corporate headquarters will remain in California.
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