Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT





On June 16, 2021, Brady Corporation (the "Company") and its wholly owned
subsidiary, BW Acquisition Corp. ("Acquisition Sub"), entered into a Stock
Purchase Agreement (the "Agreement") with The Code Corporation ("Code"), certain
stockholders of Code and Shareholder Representative Services, LLC, as the
representative of Code's selling stockholders, pursuant to which Acquisition Sub
acquired Code by merger on June 17, 2021.

Pursuant to the Agreement, Acquisition Sub was merged with and into Code, with
Code surviving as a wholly-owned subsidiary of the Company. The purchase price
was approximately $173 million, which amount is subject to a working capital
adjustment and escrow provisions. The Agreement provides for customary
indemnification rights with respect to a breach of a representation, warranty or
covenant by either party. The Company financed the acquisition by using existing
cash and borrowings under its revolving credit facility as described under Item
2.03 of this Current Report on Form 8-K.

The Agreement is filed as Exhibit 2.1 to this Current Report on Form 8-K and is
incorporated herein by reference. The brief summary of the material provisions
of the Agreement set forth above is qualified in its entirety by reference to
the Agreement filed as an exhibit hereto. The Company issued a press release on
June 17, 2021, and hosted a conference call regarding the merger on June 18,
2021. The press release is attached hereto as Exhibit 99.1, and the
informational slides referenced in the conference call are attached hereto as
Exhibit 99.2.

Item 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE


               SHEET ARRANGEMENT OF A REGISTRANT



On June 15, 2021, the Company drew down approximately $75 million from its
revolving credit facility as exists and pursuant to the terms of the Company's
Credit Agreement, dated as of August 1, 2019, by and between the Company and
certain of its subsidiaries, the lenders listed thereto, and BMO Harris Bank,
N.A., as administrative agent and L/C issuer (the "Credit Agreement") to fund a
portion of the purchase price payable upon closing of the merger described in
Item 1.01 of this Current Report on Form 8-K. Under the revolving credit
facility, the Company may borrow an aggregate amount of up to $200 million.
After giving effect to this borrowing, the Company has an additional $121
million available for borrowing under the revolving credit facility. This
borrowing under the revolving credit facility has a final maturity date of
August 1, 2024, and the Company has the option to select either a base interest
rate (based upon the higher of (i) the federal funds rate plus one-half of 1%,
(ii) the prime rate of Bank of Montreal plus a margin based on the Company's
consolidated net leverage ratio or (iii) the one-month LIBOR rate plus 1%) or a
Eurocurrency interest rate (at the LIBOR rate plus a margin based on the
Company's consolidated net leverage ratio). Initial borrowings on the revolving
credit facility have an interest rate of 0.81%.

The foregoing description of the revolving credit facility under the Credit
Agreement is qualified in its entirety by the terms of the Credit Agreement, a
copy of which was filed as Exhibit 10.1 to the Company's Current Report on Form
8-K, filed with the Securities and Exchange Commission on August 1, 2019, and is
incorporated herein by reference.


Item 7.01   REGULATION FD DISCLOSURE



On June 18, 2021, the Company hosted a conference call related to its
acquisitions of The Code Corporation, Magicard Limited, and Nordic ID Oyj. A
copy of the slides referenced in the conference call, which is also posted on
the Corporation's website, is being furnished to the Securities and Exchange
Commission as Exhibit 99.2 attached hereto and is incorporated herein by
reference.

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Item 9.01   FINANCIAL STATEMENTS AND EXHIBITS



(d) Exhibits

EXHIBIT NUMBER      DESCRIPTION
2.1                   Stock Purchase Agreement, dated as of June 16, 2021, by and among Brady
                    Worldwide, Inc., BW Acquisition Corp., The Code

Corporation, Certain Stockholders


                    of the Code Corporation, and Shareholder Representative

Services LLC. Schedules


                    and exhibits to this document are not being filed

herewith pursuant to Item


                    601(b)(2) of Regulation S-K.*
99.1                  Press Release of Brady Corporation, dated June 17,

2021, announcing the


                    acquisition of The Code Corporation.
99.2                  Informational slides provided by Brady Corporation,

dated June 18, 2021,


                    relating to recent acquisitions.

104                 Cover Page Interactive Data File (embedded within

Inline XBRL document).

* The registrant agrees to furnish a copy of any such schedule or exhibit to the Securities and Exchange Commission upon request.

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