0001587523 FALSE 0001587523 2021-10-27 2021-10-27
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): November 3, 2021

Knowles Corporation
(Exact name of registrant as specified in its charter)

Delaware | 001-36102 | 90-1002689
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.)

1151 Maplewood Drive, Itasca, IL
(Address of Principal Executive Offices)
60143
(Zip Code)
Registrant's telephone number, including area code: (630) 250-5100
(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 |  | Name of each exchange on which registered
Common Stock, $0.01 par value per share |  | KN |  | 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. o

Item 1.01 Entry into a Material Definitive Agreement.
On November 3, 2021, Knowles Corporation (the "Company") entered into that certain First Amendment (the "First Amendment") to the Credit Agreement (the "Credit Agreement") dated as of September 4, 2020 among the Company and one or more of its subsidiaries designated from time to time by the Company (together with the Company, the "Borrowers"), JPMorgan Chase Bank, N.A. ("JPMorgan"), as administrative agent (the "Administrative Agent"), and a syndicate of other financial institutions (the "Lenders") named in the Credit Agreement. The First Amendment amends the Credit Agreement to, among other things, change the reference rate under the Credit Agreement for borrowings denominated in Pounds Sterling from a LIBOR-based rate to a daily simple SONIA-based rate subject to certain adjustments specified in the Credit Agreement.
The foregoing description of the material terms of the First Amendment does not purpose to be complete and is qualified in its entirety by reference to the full text of the First Amendment, a copy of which is attached hereto as Exhibit 10.1 and incorporated by reference herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The discussion in Item 1.01 of this Form 8-K regarding the First Amendment is hereby incorporated by reference.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. |  |
The following exhibits are furnished as part of this report:
Exhibit Number |  | Description
10.1 |  | First Amendment, dated November 3, 2021, by and among Knowles Corporation, JPMorgan Chase Bank, N.A. and the other lenders party thereto.
104 |  | Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

| KNOWLES CORPORATION |
Date: November 5, 2021 | By: /s/ Robert J. Perna |
| Robert J. Perna |
| Senior Vice President, General Counsel & Secretary |