This should be a public event and for all purposes require an 8K filing. If so, we should have the news sometimes this week. Thursday, March 5th is 30days from PR so 4 days after that will be next Monday at the latest. See the below...
Form 8-KFrom Wikipedia, the free encyclopediaJump to: navigation, search For other uses, see 8K (disambiguation).
Form 8-K is a very broad form used to notify investors of any material event that is important to shareholders or the United States Securities and Exchange Commission. This is one of the most common types of forms filed with the SEC. After a significant event like bankruptcy or departure of a CEO, a public company generally must file a Current Report on Form 8-K within four business days to provide an update to previously filed quarterly reports on Form 10-Q and/or Annual Reports on Form 10-K. Form 8-K is required to be filed by public companies with the SEC pursuant to the Securities Exchange Act of 1934, as amended. For a list of events that would trigger a Form 8-K to be filed, see the Official SEC Form 8-K Summary, reproduced below.
Contents [hide]
1 When Form 8-K is required
2 Reading Form 8K
3 References
4 External links
[edit] When Form 8-K is requiredForm 8-K is used to notify investors of a current event. These types of events include:
Material definitive agreements not made in the ordinary course of business
Bankruptcies or receiverships
Director is elected
Director departs
If a director departs because of a disagreement with the company on any matter relating to the registrant’s operations, policies, or practices then an 8-K must be filed to disclose a brief description of the circumstances representing the disagreement.[1]
Asset movement: acquisition or sale
Result of operations and financial condition
Material Direct Financial obligations (bonds, debentures)
Triggering events that accelerate material obligations (defaults on a loan)
Exit or disposal plans
Layoffs
shutting down a plant
material change in services or outlets
Material impairments
Delisting or transfer exchange notices
Unregistered equity sales
Modifications to shareholder rights
Change in accountant - and good idea to explain why
SEC investigations and internal reviews
Financial non-reliance notices
Changes in control of the company
Someone takes a large equity position (more than 15%); shareholder also needs to file with SEC as to intent
Someone takes a 51% position
Changes in executive management
Officer leaves
Officer is fired
Officer is hired
Departure or appointment of company officers
Amendments to company Governance Policies
Code of Ethics
Board Committee Governance Policies
Trading suspension
Change in credit
Change in company status
Other events
Financial exhibits
Investors should always read any 8-K filings that are made by companies in which they are invested. These reports are both material and relevant to the company, and often contain information that will affect the share price.
[edit] Reading Form 8KTypically an 8-K filing will only have two major parts. They are:
The name and description of the event - this contains all the information that the company considers relevant to shareholders and the SEC. It is important to read this information, as it has been deemed "material" by the company.
Any exhibits that are relevant - these exhibits may include financial statements, press releases, data tables, or other information that is referenced in the description of the event.
