Form 8-K: Everything You Need to Know
Sep 28, · An 8-K is a report of unscheduled material events or corporate changes at a company that could be of importance to the shareholders or the Securities and Exchange Commission (SEC). Also known as a. Form 8-K is known as a “current report” and it is the report that companies must file with the SEC to announce major events that shareholders should know about. Companies generally have four business days to file a Form 8-K for an event that triggers the filing requirement.
Company Filings More Search Options. In addition to filing annual reports on Form K and quarterly reports on Form Qpublic companies must report certain material corporate events on a more current basis. The instructions for Form 8-K describe the types of events that trigger a public company's obligation to file a current report, including any of the following :.
Companies have four business days to file a Form 8-K for the events specified in the items how to make finger joint Sections and 9 above. However, if the issuer is whta a Form 8-K solely to satisfy its obligations under Regulation FDthen the due date might be earlier. For more information how to dry wet turf how to read a Form 8-K, including more detailed descriptions of some of the events required to be disclosed on Form 8-K, you can read our investor bulletin on How to Read an 8-K.
You may wish to read answers to Frequently Asked Questions about the implementation and interpretation of the Form 8-K items, produced by the staff of the Division of Corporation Finance. Search SEC.
Securities and Exchange Commission. Fast Answers. Form 8-K. The instructions for Form 8-K describe the types of events that trigger a public company's obligation to file a current report, including any of the following : Section 1 Registrant's Business and Operations Item 1. Section 9 Financial Statements and Exhibits Item 9.
Other Events Repott registrant can use this Id to report events that are not specifically called for by Form 8-K, that the registrant considers to be of importance to security holders.
Form 8-K is used to give shareholders timely notice of unscheduled events that occur between your regular quarterly (Q) and annual (K) reports. Failing to file Form 8-K may result in SEC regulatory action including heavy fines. Use Form 8-K If: Form 8-K has nine broad sections covering different types of material events. Jun 16, · An 8-K is sometimes called a "current report" as it provides a snapshot of a material event and must be filed with the SEC within four business days of the event. . Jun 06, · 8-K - a form that is filed by companies to inform their shareholders of "unscheduled material events that are important to shareholders".
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An 8-K is a report of unscheduled material events or corporate changes at a company that could be of importance to the shareholders or the Securities and Exchange Commission SEC. Also known as a Form 8K, the report notifies the public of events, including acquisitions, bankruptcy, the resignation of directors, or changes in the fiscal year.
An 8-K is required to announce significant events relevant to shareholders. Companies usually have four business days to file an 8-K for most specified items. An organization must determine if the information is material and submit the report to the SEC. There are nine sections within the Investor Bulletin. Each of these sections may have anywhere from one to eight subsections.
The most recent permanent change to Form 8-K disclosure rules occurred in First and foremost, Form 8-K provides investors with timely notification of significant changes at listed companies. Many of these changes are defined explicitly by the SEC. In contrast, others are simply events that firms consider to be sufficiently noteworthy.
In any case, the form provides a way for firms to communicate directly with investors. The information provided is not filtered or altered by media organizations in any way.
Furthermore, investors do not have to watch TV programs, subscribe to magazines, or even wade through financial news websites to get the 8-K. Form 8-K also provides substantial benefits to listed companies. By filing an 8-K in a timely fashion, the firm's management can meet specific disclosure requirements and avoid insider trading allegations.
Companies may also use Form 8-K to notify investors of any events that they consider to be important. Finally, Form 8-K provides a valuable record for economic researchers. For example, academics might wonder what influence various events have on stock prices. It is possible to estimate the impact of these events using regressions , but researchers need reliable data. Because 8-K disclosures are legally required, they provide a complete record and prevent sample selection bias.
Like any legally required paperwork, Form 8-K imposes costs on businesses. There is the cost of preparing and submitting the forms, as well as possible penalties for failing to file on time.
Although it is only one small part of the problem, the need to file Form 8-K also deters small companies from going public in the first place. Requiring companies to provide information helps investors make better choices.
However, it can reduce their investment options when the burden on businesses becomes too high. The SEC requires disclosure for numerous changes relating to a registrant's business and operations. Changes to a material definitive agreement or the bankruptcy of an entity must be reported.
Other financial information disclosure requirements include the completion of an acquisition, changes in the firm's financial condition, disposal activities, and substantial impairments. The SEC mandates filing an 8-K for the delisting of a stock, failure to meet listing standards, unregistered sales of securities, and material modifications to shareholder rights.
An 8-K is required when a business changes accounting firms used for certification. Changes in corporate governance, such as control of the registrant or amendments to articles of incorporation, need to be reported. Changes in the fiscal year and modifications of the registrant's code of ethics must also be disclosed. The SEC also requires a report upon the election, appointment, or departure of a director or specific officers. Form 8-K must be used to report changes related to asset-backed securities.
The form may also be used to meet Regulation Fair Disclosure requirements. Form 8-K reports may be issued based on other events up to the company's discretion that the registrant considers to be of importance to shareholders.
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Form 8-K is a valuable source of complete and unfiltered information for investors and researchers. Investors can count on the information in an 8-K to be timely. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.
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