What Is The Purpose Of An 8 K?

What triggers an 8 K filing?

Certain types of events trigger an obligation for a company to file Form 8-K with the SEC within four business days.

Other events include changes in corporate control or governance, including directors joining or leaving the corporate board, changes in the company bylaws and amendments to the corporate board of ethics..

When must a Form 8 K be filed?

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.

What is the purpose of a 10 K?

A Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC), that gives a comprehensive summary of a company’s financial performance.

How often is a 10k filed?

three times a yearThe company is only required to file it three times a year as the 10-K is filed in the fourth quarter. The form 8-K though is required by the SEC whenever companies announce major events of which shareholders must be made aware.

What is the difference between a 10k and annual report?

The 10-K is generally more detailed than the annual report but lacks photos and graphics. Publicly traded companies will complete both an annual report and 10-K yearly. … The 10-K can be found on the SEC website, while the annual report should be readily available on the company’s website.

What should I look for in a 10k report?

Audited Financial Statements Balance sheets as of the end of each of the two most recent fiscal years. Income statements for each of the three preceding fiscal years. Cash flow statements for each of the three preceding fiscal years.

What is a Super 8k?

A “Super 8-K” is an industry term used for an 8-K filed under Item 2.01 for the completion of a transaction and Item 5.06 of Form 8-K to report a change in shell status. … In other words, a Super 8-K is an 8-K with a Form 10 registration statement included therein.

What is the difference between 8 K and 10 K?

An 8K can be any sort of announcement of significant corporate information. … A 10K is a formal annual filing that contains the annual financial statements and lots of other information. Amending an 8K is no big deal, it usually results from either a typo in the original or rapidly changing events.

What does a Form 8 K mean?

current reportForm 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.

What are the 10 Q and 10 K used to report?

The SEC form 10-Q is a comprehensive report of a company’s performance that must be submitted quarterly by all public companies to the Securities and Exchange Commission (SEC). The 10-Q is generally an unaudited report. In the 10-Q, firms are required to disclose relevant information regarding their financial position.

What is a 10q and 10k?

10K reports are annual and must include audited financial statements. 10Q reports are quarterly and include unaudited financial statements.