TM/28 Toyota Motor Credit

Filed: 24 Mar 21, 2:43pm




Washington, D.C. 20549






Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported):


March 24, 2021



(Exact Name of Registrant as Specified in its Charter)


(State or Other Jurisdiction of Incorporation)(Commission File Number)(IRS Employer Identification No.)


6565 Headquarters Drive, Plano, TX 75024

(Address of principal executive offices, including zip code)


(469) 486-9300

(Registrant's telephone number, including area code)


Not Applicable

(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 (see General Instruction A.2. below):


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 Securities Exchange Act of 1934:


Title of each class Trading symbol(s) Name of each exchange on which registered

Medium-Term Notes, Series B

Stated Maturity Date January 11, 2028

 TM/28 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. ☐





Item 8.01 Other Events.


On March 24, 2021, Toyota Motor Credit Corporation (the “Company”) announced that it will restructure its customer service operations to better serve its customers, by relocating and streamlining the Company’s customer service center operations and investing in new technology. Over the next two years, the Company will move its three regional customer service centers to be co-located with regional dealer service centers in Chandler, Arizona (serving the West region), Plano, Texas (serving the Central region) and Alpharetta, Georgia (serving the East region).


We note that there are uncertainties related to the restructuring of the Company’s customer service center operations. The Company can give no assurance that the restructuring will be completed as planned or within the expected timing or budget, and the expected benefits may not be fully realized due to associated disruption to customer service operations and personnel.




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.


Date: March 24, 2021By: /s/ Scott Cooke 
  Scott Cooke 
  Group Vice President and Chief Financial Officer