[{"data":1,"prerenderedAt":555},["ShallowReactive",2],{"doc-fundamentals/understanding-8ks":3},{"id":4,"title":5,"appLink":6,"body":7,"category":537,"description":538,"extension":539,"level":540,"meta":541,"navigation":542,"next":543,"path":544,"related":545,"seo":548,"stem":549,"tags":550,"__hash__":554,"_path":544},"docs/docs/fundamentals/understanding-8ks.md","Understanding 8-K Filings","/company-actions-tracker",{"type":8,"value":9,"toc":526},"minimark",[10,14,19,23,33,37,40,52,56,59,181,189,193,229,232,248,251,255,261,267,273,279,283,425,429,461,464,468,474,480,486,492,496,502,509,522],[11,12,5],"h1",{"id":13},"understanding-8-k-filings",[15,16,18],"h2",{"id":17},"what-is-an-8-k-filing","What is an 8-K filing?",[20,21,22],"p",{},"An 8-K is a current report. A public company files it with the SEC when a specific material event happens. The company does not wait for the end of a quarter. The SEC sets a deadline of 4 business days after the event for most items. The filing names the event with a numbered item code, describes what happened, and often attaches the press release as an exhibit. The 8-K becomes public on SEC EDGAR as soon as the company files it.",[24,25,26],"blockquote",{},[20,27,28,32],{},[29,30,31],"strong",{},"Educational Content:"," This page explains SEC filing rules and how to read a filing. It is not investment advice or a recommendation to buy or sell securities. All trading involves risk.",[15,34,36],{"id":35},"why-8-k-filings-exist","Why 8-K filings exist",[20,38,39],{},"Before the SEC required current reports, a company could hold a material event back or tell some investors first. The 8-K rule removes that gap. When a material event happens, every reader gets the same document at the same time.",[20,41,42,43,47,48,51],{},"You can read every 8-K a company has filed on its history page. For example, ",[44,45,46],"a",{"href":46},"/8k/aapl/"," lists Apple filings, and ",[44,49,50],{"href":50},"/8k/"," lists all companies with 8-K coverage.",[15,53,55],{"id":54},"what-triggers-an-8-k","What triggers an 8-K",[20,57,58],{},"The SEC groups the trigger events into numbered sections. Each event has an item number.",[60,61,62,78],"table",{},[63,64,65],"thead",{},[66,67,68,72,75],"tr",{},[69,70,71],"th",{},"Section",[69,73,74],{},"Subject",[69,76,77],{},"Examples",[79,80,81,93,104,115,126,137,148,159,170],"tbody",{},[66,82,83,87,90],{},[84,85,86],"td",{},"1",[84,88,89],{},"Business and operations",[84,91,92],{},"Material agreements, termination of an agreement, bankruptcy, mine safety, cybersecurity incidents",[66,94,95,98,101],{},[84,96,97],{},"2",[84,99,100],{},"Financial information",[84,102,103],{},"Completed acquisitions, earnings results, new debt, exit costs, asset impairments",[66,105,106,109,112],{},[84,107,108],{},"3",[84,110,111],{},"Securities and trading markets",[84,113,114],{},"Delisting notices, unregistered stock sales, changes to shareholder rights",[66,116,117,120,123],{},[84,118,119],{},"4",[84,121,122],{},"Accountants and financial statements",[84,124,125],{},"A change of auditor, a statement that past financials are unreliable",[66,127,128,131,134],{},[84,129,130],{},"5",[84,132,133],{},"Corporate governance and management",[84,135,136],{},"Change of control, officer and director changes, bylaw amendments, shareholder votes",[66,138,139,142,145],{},[84,140,141],{},"6",[84,143,144],{},"Asset-backed securities",[84,146,147],{},"Servicer changes, missed distributions",[66,149,150,153,156],{},[84,151,152],{},"7",[84,154,155],{},"Regulation FD",[84,157,158],{},"Information the company gives to the public under Regulation FD",[66,160,161,164,167],{},[84,162,163],{},"8",[84,165,166],{},"Other events",[84,168,169],{},"Any event the company chooses to disclose",[66,171,172,175,178],{},[84,173,174],{},"9",[84,176,177],{},"Financial statements and exhibits",[84,179,180],{},"Statements for an acquired business, pro forma data, press releases",[20,182,183,184,188],{},"The ",[44,185,187],{"href":186},"/docs/fundamentals/8k-event-types","8-K Event Types"," page lists every item number with its official SEC name.",[15,190,192],{"id":191},"the-4-business-day-rule","The 4-business-day rule",[194,195,200],"pre",{"className":196,"code":197,"language":198,"meta":199,"style":199},"language-mermaid shiki shiki-themes material-theme-lighter material-theme material-theme-palenight","graph LR\n    A[Material event happens] -->|Up to 4 business days| B[Company files the 8-K]\n    B -->|Immediately| C[Filing appears on SEC EDGAR]\n    C -->|Minutes| D[Filing appears on Profitelligence]\n","mermaid","",[201,202,203,211,217,223],"code",{"__ignoreMap":199},[204,205,208],"span",{"class":206,"line":207},"line",1,[204,209,210],{},"graph LR\n",[204,212,214],{"class":206,"line":213},2,[204,215,216],{},"    A[Material event happens] -->|Up to 4 business days| B[Company files the 8-K]\n",[204,218,220],{"class":206,"line":219},3,[204,221,222],{},"    B -->|Immediately| C[Filing appears on SEC EDGAR]\n",[204,224,226],{"class":206,"line":225},4,[204,227,228],{},"    C -->|Minutes| D[Filing appears on Profitelligence]\n",[20,230,231],{},"Two exceptions apply to that deadline:",[233,234,235,242],"ul",{},[236,237,238,241],"li",{},[29,239,240],{},"Item 7.01 (Regulation FD Disclosure)."," The company must file at the same time as the public disclosure, or before it.",[236,243,244,247],{},[29,245,246],{},"Item 1.05 (Material Cybersecurity Incidents)."," The 4-day clock starts when the company decides the incident is material, not on the date of the incident.",[20,249,250],{},"A company that misses the deadline can file Form NT 8-K to report the delay.",[15,252,254],{"id":253},"how-to-read-an-8-k","How to read an 8-K",[20,256,257,260],{},[29,258,259],{},"The header."," The header gives the company name, the ticker, the filing date, the event date, and the item numbers. Compare the event date to the filing date. A large gap shows the company used most of the 4-day window.",[20,262,263,266],{},[29,264,265],{},"The item numbers."," Each number maps to one SEC event type. One 8-K can report several items. A filing that reports both Item 5.02 (an officer change) and Item 4.01 (an auditor change) describes two separate events on the same day.",[20,268,269,272],{},[29,270,271],{},"The body."," The body describes the parties, the financial terms, the effective date, and any conditions. Look for the actual numbers and for the word \"contingent\".",[20,274,275,278],{},[29,276,277],{},"The exhibits."," Exhibit 99.1 is usually the press release. Exhibit 99.2 is usually a slide deck. The exhibits often hold more detail than the body of the filing.",[15,280,282],{"id":281},"materiality-depends-on-size","Materiality depends on size",[20,284,285,286,419,420,424],{},"A number in a filing means little on its own. Compare it to the company. A contract worth ",[204,287,290,359],{"className":288},[289],"katex",[204,291,294],{"className":292},[293],"katex-mathml",[295,296,298],"math",{"xmlns":297},"http://www.w3.org/1998/Math/MathML",[299,300,301,354],"semantics",{},[302,303,304,308,312,315,318,320,322,325,328,330,333,335,338,340,343,345,348,351],"mrow",{},[305,306,307],"mn",{},"45",[309,310,311],"mi",{},"m",[309,313,314],{},"i",[309,316,317],{},"l",[309,319,317],{},[309,321,314],{},[309,323,324],{},"o",[309,326,327],{},"n",[309,329,44],{},[309,331,332],{},"d",[309,334,332],{},[309,336,337],{},"s",[309,339,44],{},[309,341,342],{},"b",[309,344,324],{},[309,346,347],{},"u",[309,349,350],{},"t",[305,352,353],{},"25",[355,356,358],"annotation",{"encoding":357},"application/x-tex","45 million adds about 25% to the annual revenue of a company that earns ",[204,360,364],{"className":361,"ariaHidden":363},[362],"katex-html","true",[204,365,368,373,377,381,386,389,392,396,400,403,407,410,413,416],{"className":366},[367],"base",[204,369],{"className":370,"style":372},[371],"strut","height:0.6944em;",[204,374,307],{"className":375},[376],"mord",[204,378,309],{"className":379},[376,380],"mathnormal",[204,382,385],{"className":383,"style":384},[376,380],"margin-right:0.01968em;","ll",[204,387,314],{"className":388},[376,380],[204,390,324],{"className":391},[376,380],[204,393,395],{"className":394},[376,380],"na",[204,397,399],{"className":398},[376,380],"dd",[204,401,337],{"className":402},[376,380],[204,404,406],{"className":405},[376,380],"ab",[204,408,324],{"className":409},[376,380],[204,411,347],{"className":412},[376,380],[204,414,350],{"className":415},[376,380],[204,417,353],{"className":418},[376],"180 million a year. The same contract barely changes a company that earns $50 billion. Open the ",[44,421,423],{"href":422},"/financials/aapl/","financial statements"," for the company to get the revenue and the share count you need for that comparison.",[15,426,428],{"id":427},"how-profitelligence-processes-8-k-filings","How Profitelligence processes 8-K filings",[430,431,432,438,444,450],"ol",{},[236,433,434,437],{},[29,435,436],{},"Monitor."," The system polls the SEC EDGAR feeds continuously and finds new filings within minutes.",[236,439,440,443],{},[29,441,442],{},"Classify."," A language model reads the filing, records the item numbers, extracts the dates and amounts, and writes a plain-English summary.",[236,445,446,449],{},[29,447,448],{},"Compare."," Each filing page shows the price reaction after the filing and lists earlier filings of the same type by the same company.",[236,451,452,455,456,460],{},[29,453,454],{},"Alert."," You can set alerts for the companies on your watchlist in the ",[44,457,459],{"href":458},"/alert-manager","Alert Manager",".",[20,462,463],{},"The filing pages report what happened and what happened before. They do not forecast a price.",[15,465,467],{"id":466},"common-questions","Common questions",[20,469,470,473],{},[29,471,472],{},"How fast do companies file?"," The deadline is 4 business days. Many companies file within 1 or 2 days. Companies often file earnings results on the same day they announce them.",[20,475,476,479],{},[29,477,478],{},"Does every material event need an 8-K?"," No. Only the events in the SEC item list trigger an 8-K. A company reports other developments in its 10-Q or 10-K.",[20,481,482,485],{},[29,483,484],{},"What is an 8-K/A?"," An 8-K/A amends an earlier 8-K. Some amendments correct a typo. Others add financial statements that the SEC allows the company to file later. Read the explanatory note at the top.",[20,487,488,491],{},[29,489,490],{},"Are 8-K filings public right away?"," Yes. The filing appears on SEC EDGAR as soon as the company submits it.",[15,493,495],{"id":494},"next-steps","Next steps",[20,497,498,499,501],{},"Read ",[44,500,187],{"href":186}," for the full list of item numbers and what each one reports.",[20,503,498,504,508],{},[44,505,507],{"href":506},"/docs/fundamentals/sec-filings-explained","SEC Filings Explained"," to see how the 8-K fits with the 10-Q, the 10-K, and Form 4.",[20,510,511,512,518,519,460],{},"To see filings for one company, open its research page at ",[44,513,517],{"href":514,"rel":515},"https://profitelligence.com/company/nvda",[516],"nofollow","profitelligence.com/company/nvda",", or go straight to the 8-K history at ",[44,520,521],{"href":521},"/8k/nvda/",[523,524,525],"style",{},"html .light .shiki span {color: var(--shiki-light);background: var(--shiki-light-bg);font-style: var(--shiki-light-font-style);font-weight: var(--shiki-light-font-weight);text-decoration: var(--shiki-light-text-decoration);}html.light .shiki span {color: var(--shiki-light);background: var(--shiki-light-bg);font-style: var(--shiki-light-font-style);font-weight: var(--shiki-light-font-weight);text-decoration: var(--shiki-light-text-decoration);}html .default .shiki span {color: var(--shiki-default);background: var(--shiki-default-bg);font-style: var(--shiki-default-font-style);font-weight: var(--shiki-default-font-weight);text-decoration: var(--shiki-default-text-decoration);}html .shiki span {color: var(--shiki-default);background: var(--shiki-default-bg);font-style: var(--shiki-default-font-style);font-weight: var(--shiki-default-font-weight);text-decoration: var(--shiki-default-text-decoration);}html .dark .shiki span {color: var(--shiki-dark);background: var(--shiki-dark-bg);font-style: var(--shiki-dark-font-style);font-weight: var(--shiki-dark-font-weight);text-decoration: var(--shiki-dark-text-decoration);}html.dark .shiki span {color: var(--shiki-dark);background: var(--shiki-dark-bg);font-style: var(--shiki-dark-font-style);font-weight: var(--shiki-dark-font-weight);text-decoration: var(--shiki-dark-text-decoration);}",{"title":199,"searchDepth":213,"depth":213,"links":527},[528,529,530,531,532,533,534,535,536],{"id":17,"depth":213,"text":18},{"id":35,"depth":213,"text":36},{"id":54,"depth":213,"text":55},{"id":191,"depth":213,"text":192},{"id":253,"depth":213,"text":254},{"id":281,"depth":213,"text":282},{"id":427,"depth":213,"text":428},{"id":466,"depth":213,"text":467},{"id":494,"depth":213,"text":495},"fundamentals","What an 8-K filing is, which events trigger one, the 4-business-day deadline, and how to read the filing.","md","beginner",{},true,"fundamentals/8k-event-types","/docs/fundamentals/understanding-8ks",[546,543,547],"fundamentals/sec-filings-explained","analytics/reading-opportunity-scores",{"title":5,"description":538},"docs/fundamentals/understanding-8ks",[551,552,553,537],"8k","sec-filings","material-events","ElgqDsG05LdBoBZ3LsYQPtW4GrNoQLz4-9sett2f7zQ",1785812714971]