Ford Motor Company Form 8-K Filing

This Form 8-K filing by Ford Motor Company details significant events on May 20, 2026, related to its joint venture, BlueOval SK (BOSK). Following the closing of the Joint Venture Disposition Agreement, Ford's membership in BOSK was redeemed. Consequently, Ford's obligation to contribute up to $6.6 billion to BOSK was terminated. A Ford subsidiary, Ford Energy Battery LLC (FEB), acquired BOSK's interests in two Kentucky battery plants. Ford was released from its prior guarantee obligations related to the BOSK DOE Loan and instead assumed obligations under a $3,805,040,000 promissory note to the DOE for one of the Kentucky plants. This assumption is formalized through a new Loan Arrangement and Reimbursement Agreement between Ford and the DOE. The loan carries an interest rate of 4.814% per annum, with quarterly interest-only payments until January 2030, followed by principal and interest payments until July 2040. The agreement includes covenants and events of default similar to Ford's existing credit agreements, with specific provisions related to the project and DOE's requirements. This transaction effectively transitions the responsibility for one of the key battery plant projects from the joint venture to Ford directly.