# EDGAR Filing Document

**Accession Number:** 0000923120
**File Stem:** 0001193125-26-248240
**Filing Date:** 2026-5
**Character Count:** 19931
**Document Hash:** 7f2efbffdc98499a1d9e343495ba6b0b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-248240.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0001193125-26-248240

**CONFORMED SUBMISSION TYPE**: SD

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GREENBRIER COMPANIES INC
- **CENTRAL INDEX KEY:** 0000923120
- **STANDARD INDUSTRIAL CLASSIFICATION:** RAILROAD EQUIPMENT [3743]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 930816972
- **STATE OF INCORPORATION:** OR
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** SD
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13146
- **FILM NUMBER:** 261044247

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CENTERPOINTE DR
- **STREET 2:** STE 200
- **CITY:** LAKE OSWEGO
- **STATE:** OR
- **ZIP:** 97035
- **BUSINESS PHONE:** 5036847000

**MAIL ADDRESS:**
- **STREET 1:** ONE CENTERPOINTE DR
- **STREET 2:** STE 200
- **CITY:** LAKE OSWEGO
- **STATE:** OR
- **ZIP:** 97035

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM SD**

**Specialized Disclosure Report**

**Commission File No. 1-13146**

# THE GREENBRIER COMPANIES, INC.
**(Exact name of registrant as specified in its charter)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Oregon 93-0816972**

**(State of Incorporation) (I.R.S. Employer Identification No.)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**One Centerpointe Drive, Suite 200, Lake Oswego, OR 97035**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Address of principal executive offices) (Zip Code)**

**Christian M. Lucky**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(503) 684-7000**

**(Name and telephone number, including area code, of the person to contact in connection with this report)**

Check the appropriate box to indicate the rule pursuant to which this form is being submitted, and provide the period to which the information in this Form applies:

☒ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2025.

☐ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended August 31, 2025.

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**INFORMATION TO BE INCLUDED IN THE REPORT**

**SECTION 1 – CONFLICT MINERALS DISCLOSURE**

**Items 1.01 and 1.02 Conflict Minerals Disclosure and Report, Exhibit**

**Conflict Minerals Disclosure**

During the period from January 1, 2025 to December 31, 2025, The Greenbrier Companies, Inc. (the "Company," "Greenbrier," "we," "us" or "our") manufactured a small number of freight railcar products that may contain conflict minerals (as defined in Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010) that we believe are necessary to the functionality or production of those products. Conflict minerals constitute only a small portion of the materials content of those products, and an even smaller portion of all of our manufactured products.

A copy of the Company's 2025 Conflict Minerals Report is provided as Exhibit 1.01 hereto and is publicly available at http://www.gbrx.com. The information contained on our website is not incorporated by reference into this Form SD or our Conflict Minerals Report and should not be considered part of this Form SD or the Conflict Minerals Report.

**SECTION 2 – RESOURCE EXTRACTION ISSUER DISCLOSURE**

Not applicable.

**SECTION 3 – EXHIBITS**

**Item 3.01 Exhibits**

Exhibit 1.01 – The Greenbrier Companies, Inc. 2025 Conflict Minerals Report

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**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 duly authorized undersigned.

**THE GREENBRIER COMPANIES, INC.**

&nbsp;&nbsp;&nbsp;&nbsp;(Registrant)

<u>/s/ Christian M. Lucky</u> <u>May 29, 2026</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Christian M. Lucky (Date)

Senior Vice President, Chief Legal and Compliance Officer

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## Exhibit 1.01

**Exhibit 1.01**

**Conflict Minerals Report**

The Greenbrier Companies, Inc. ("the Company," "Greenbrier," "we," "us," or "our") has included this Conflict Minerals Report as an exhibit to its Form SD as required by Rule 13p-1 under the Securities Exchange Act of 1934, as amended, and Form SD (collectively, the "Conflict Minerals Rule").

We are a leading international supplier of equipment and services to global freight transportation markets. Through our wholly-owned subsidiaries and consolidated and unconsolidated joint ventures, we design, build and market freight railcars in North America, Europe and Brazil. We are a leading provider of freight railcar wheel services, component parts, maintenance and sustainable conversion services in North America. We own a lease fleet of railcars that originate primarily from our manufacturing operations. We offer railcar management, regulatory compliance services and leasing services to railroads and other railcar owners in North America.

We operate an integrated business model that combines freight car manufacturing, wheel services, railcar maintenance, component parts, leasing and fleet management services. Our model is designed to provide customers with a comprehensive set of freight car product and service solutions by utilizing our substantial engineering, mechanical and technical capabilities, as well as our experienced commercial personnel. Our integrated model allows us to develop cross-selling opportunities and synergies among our reportable segments thereby enhancing our margins. We believe our integrated model is difficult to duplicate and provides greater value for our customers and investors.

We support ending the violence and human rights abuses taking place in the Democratic Republic of the Congo (the "DRC") and its adjoining countries (the "Covered Countries"). We are committed to ensuring that any conflict minerals necessary to the functionality or production of our products are sourced from sources that do not fund armed conflict in the Covered Countries.

**Conflict Minerals Policy**

We have adopted and posted on our public internet website a company policy for the supply chain of conflict minerals (the "Conflict Minerals Policy"). As used herein and in the Conflict Minerals Policy, "conflict minerals" are gold, columbite-tantalite (coltan), cassiterite and wolframite and their derivatives (currently limited to tantalum, tin and tungsten), and any other mineral or its derivatives determined by the Secretary of State to be financing conflict in the Covered Countries without regard to the location of origin of the minerals or derivative metals. Our Conflict Minerals Policy includes, but is not limited to, our expectations that our suppliers:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•refrain from using materials that fund armed conflict and human rights atrocities in the Covered Countries in the products they sell to Greenbrier,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•complete a conflict minerals questionnaire in a timely manner, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•if requested, provide supporting documentation.

The Conflict Minerals Policy indicates that, in the event that we determine that a supplier's efforts to comply with the Conflict Minerals Policy have been insufficient or the supplier fails to cooperate in developing and implementing reasonable steps to comply, we reserve the right to take appropriate actions necessary up to and including discontinuing the business relationship with the supplier.

The Conflict Minerals Policy has been communicated internally to relevant personnel and posted on our website.

**Due Diligence Program**

We have adopted a due diligence process to be applied to materials or components included in our products which our reasonable country of origin inquiry ("RCOI") identifies may have originated in the Covered Countries. The process follows the applicable framework set forth in the Organization for Economic Co-operation and Development's (the "OECD") Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, (collectively, the "OECD Guidance"), taking into account the facts and circumstances of our company, products and place in the supply chain.

The OECD Guidance has established a five-step framework for due diligence as a basis for responsible global supply chain management of minerals from conflict-affected and high-risk areas. This framework consists of the following elements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.Establish strong company management systems ("Step One");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Identify and assess risk in the supply chain ("Step Two");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.Design and implement a strategy to respond to identified risks ("Step Three");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.Carry out independent third-party audit of supply chain due diligence at identified points in the supply chain ("Step Four"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.Report on supply chain due diligence ("Step Five").

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**Calendar 2025 Due Diligence Program Execution**

Our RCOI process for calendar year 2025 identified a small number of materials, components or parts (the "Potential CMR Materials") used in the manufacturing of certain freight railcars that we believe may contain at least one conflict mineral necessary to their functionality or production, which materials, components or parts may or may not have originated in a Covered Country. We performed the following due diligence measures with respect to the Potential CMR Materials.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*1. <u>OECD</u> <u>Guidance Step One:</u> "Establish strong company management systems"*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.For calendar year 2025, due diligence was conducted as to the Potential CMR Materials by the Company's Global Supply/Purchasing functions and was overseen by the Company's Assistant General Counsel under the supervision of our Chief Legal and Compliance Officer. More complex management systems will be adopted as necessary if the volume of affected products increases over time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.For calendar year 2025, business records relating to conflict minerals due diligence were maintained according to our existing business record processes. More complex records retention processes specific to conflict minerals may be adopted as necessary if there is an increase in the products that may use conflict minerals in the future.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*2. <u>OECD Guidance Step Two:</u> "Identify and assess risk in the supply chain"*

We consider all materials and components that contain conflict minerals in our supply chain to be a potential risk as we are downstream from the origin of any conflict minerals. Accordingly, all inputs to our products that we know or believe may contain conflict minerals are subject to our RCOI process and, where applicable, subsequent due diligence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*3. <u>OECD Guidance Step Three:</u> "Design and implement a strategy to respond to identified risks"*

Our RCOI process is our strategy to identify product inputs that pose risk. Our subsequent due diligence is our process for responding to risks so identified.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*4. <u>OECD Guidance Step Four:</u> "Carry out independent third-party audit of supply chain due diligence at identified points in the supply chain"* 

In January 2026, we sent a questionnaire or survey to relevant suppliers inquiring about the country/ies of origin of any Potential CMR Materials. All suppliers who were surveyed responded to the survey or submitted Conflict Minerals Reporting Templates (CMRTs). The vast majority (more than 90 percent) of these suppliers indicated that they did not provide materials, components or parts to us that contained a conflict mineral, or if they did, the conflict mineral did not originate in a Covered Country. However, one supplier, a more than $10 billion annual revenue Fortune 500 multinational industrial company, responded with its CMRT, but indicated that it was "unknown" if any of the smelters in its supply chain source a conflict mineral from a Covered Country. Another supplier, also a very large multinational transportation equipment provider (with annual revenues exceeding $20 billion) responded with its CMRT and answered in the affirmative regarding whether any of the smelters in its supply chain source a conflict mineral from a Covered Country, but the CMRT was a company-level declaration and not a product-level declaration. Finally, a third supplier, a more than $8 billion Euro annual revenue European manufacturer, reported that it found five of its own suppliers had reported smelters or refiners (SORs) from Central Africa in their CMRTs, and that it requests its suppliers to provide reduced scope declarations (Product Level or User Defined) and to transition away from the high risk SORs. As such, it is not feasible or useful at this time to carry out or obtain independent third-party audits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*5. <u>OECD Guidance Step 5:</u> "Report on supply chain due diligence"*

We have filed a Form SD and this Conflict Minerals Report for Calendar 2025 with the Securities and Exchange Commission and made available on our website the Form SD and this Conflict Minerals Report.

**Description of Company and Product Information**

As indicated above, among its various business activities, Greenbrier is a manufacturer of railroad freight car equipment. The vast majority of the materials, components and parts that it uses in its manufacturing processes for its railcar products involve raw steel and other metals and materials that do not contain conflict minerals. However, from time to time, we may manufacture freight railcars that may contain a conflict mineral, such as because the product includes certain electronics or electronic circuit boards that may contain a conflict mineral. Accordingly, where we believe that a relevant supplier may have supplied such materials, components or parts that may contain a conflict mineral (Potential CMR Materials), we endeavor to conduct appropriate conflict minerals due diligence, including a questionnaire or survey to relevant suppliers inquiring about the country/ies of origin of any such conflict minerals.

In connection with our due diligence with respect to Potential CMR Materials, we did not identify the facilities that were used to process any necessary conflict minerals contained in the Potential CMR Materials or the country/ies of origin of any necessary conflict minerals contained in the Potential CMR Materials. We do not directly purchase materials from any Covered Country, and we have an extensive supply chain, so we are far removed from the actual mining of any conflict minerals. Given the scale and extent of our supply chain, we rely on relevant direct suppliers to provide information on the origin of any conflict minerals that may be contained in materials, components or parts that we may use to manufacture our products. Thus, we endeavored to determine the mine or location of origin of the conflict minerals contained in the Potential CMR Materials by requesting that our suppliers provide us with completed questionnaires concerning the source of any conflict minerals in the Potential CMR Materials that were sourced from the suppliers.

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As stated, the vast majority (more than 90 percent) of the suppliers we sent our conflict minerals questionnaire responded that they did not provide materials, components or parts to us that contain a conflict mineral, or if they did, the conflict mineral did not originate in a Covered Country. However, as indicated above, three suppliers either stated "unknown" if any of the smelters in its supply chain source a conflict mineral from a Covered Country, or if they answered in the affirmative, they either did so at the company-level and not a product-level or they have requested their suppliers to transition away from high risk smelters and refiners. Accordingly, we were not in a position to validate whether these suppliers' smelters and refiners actually provided a conflict mineral used in the manufacturing of our specific products, or were located in a Covered Country. As such, we are unable to identify the facilities used to process any conflict minerals in our products, the countries of origin of any necessary conflict minerals in these products, or the mine or location of origin. We will continue to request country of origin information from these suppliers, and if applicable, conduct due diligence with regard to any conflict mineral in the Potential CMR Materials that originated in a Covered Country.

*Risk Mitigation Efforts after December 31, 2025*

We intend to take the following additional steps in 2026 to mitigate the risk that any necessary conflict minerals that we use originate in one of the Covered Countries:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.Encourage those suppliers that provided information for 2025 confirming the presence of necessary conflict minerals in materials, components or parts supplied to us to provide information for 2026 through ongoing outreach with these suppliers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Disseminate our Conflict Minerals Policy to those suppliers who we identify through our RCOI process as providing us with materials, components or parts that are known or believed to contain necessary conflict minerals.

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