What is 8-K? A Comprehensive Guide to Its Legal Definition

Definition & Meaning

An 8-K is a report that publicly traded companies must file with the Securities and Exchange Commission (SEC) to disclose unscheduled material events or corporate changes that may be important to shareholders. This report is required to be submitted within ten days of the end of the month in which the event occurs. Examples of events that trigger the filing of an 8-K include changes in control of the company, bankruptcy declarations, significant asset acquisitions or disposals, changes in accountants, resignations of directors, and other major corporate developments.

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Real-world examples

Here are a couple of examples of abatement:

Example 1: A company acquires another firm, significantly expanding its market share. The acquiring company files an 8-K to inform shareholders of this strategic move.

Example 2: A director resigns unexpectedly from a company. The company must file an 8-K to disclose this change to its investors and the SEC. (hypothetical example)

Comparison with related terms

Term Definition Key Differences
10-Q A quarterly report filed by public companies. 10-Q is filed quarterly, while 8-K is for specific events.
10-K An annual report providing a comprehensive overview of a company's financial performance. 10-K is filed annually, whereas 8-K is for unscheduled events.

What to do if this term applies to you

If you are a shareholder or involved in a company that experiences a significant event, ensure that the company files an 8-K as required. If you are responsible for filing, consider using US Legal Forms to access templates that can simplify the process. For complex situations, consulting a legal professional may be necessary to ensure compliance with all regulations.

Quick facts

  • Filing deadline: within ten days of the event.
  • Applicable to: publicly traded companies.
  • Key events: changes in control, bankruptcy, significant acquisitions or disposals, resignations of directors.

Key takeaways

Frequently asked questions

Events such as changes in control, bankruptcy, significant asset transactions, and director resignations require an 8-K filing.