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Chapter 19: 8-K Filings Guide Quiz
Test your knowledge of the 8-K filings chapter material!
1 / 10
Any “material” cybersecurity incident or breach must be disclosed along with the actual material impact on the company’s operations or financial condition must be filed under what item number?
The answer can be found on page 204.
Correct!
2 / 10
If you were looking for financial statements and exhibits, what item number would you look for?
The answer can be found on page 209.
Correct! This code is usually used in conjunction with others, such as Item 2.01 (acquisition and disposition of assets), to include reworked financial statements reflecting the impact of the acquisition or sale.
3 / 10
What item number is also referred to as a “posion pill”?
The answer can be found on page 206.
Correct! This item is triggered if a company reduces the rights of its shareholders (or debtholders). One common way companies do this is through a so-called poison pill measure, designed to make hostile takeovers more difficult. Simply adopting a “shareholder rights plan” generally triggers Item 1.01, not this item.
4 / 10
Filings guru Michelle Leder calls filing an 8-K after the markets close on a Friday what?
The answer can be found on page 210.
5 / 10
Which of these is a free service that helps find specific words or phrases across filing from multiple companies?
The answer can be found on page 201.
Correct! It does many of the things that the paid services above will do, although the site’s interface can be less intuitive and take more practice to learn and operate.
6 / 10
What is listed under Item 1.03?
That’s right. If you see an 8-K listing information under Item 1.03 for a company not already in bankruptcy proceedings, pay attention. This filing outlines the company’s plan for reorganization or liquidation.
7 / 10
Items 7.01 is for filing related to Regulation FD. What does the FD stand for?
That's right! This item prohibits companies from disclosing significant details to select investors. Regulation FD 8-Ks generally disclose some piece of previously undisclosed information that was inadvertently shared with a smaller group of investors, perhaps at an analyst’s conference.
8 / 10
SEC rules state that companies must stick to one topic in an 8-K.
The answer can be found on page 202.
Correct! There’s no rule that says companies have to stick to one topic in an 8-K – some disclose details about multiple unrelated developments.
9 / 10
An 8-K must always be filed within four days of any significant event?
The answer can be found on page 211.
Correct! There are instances where an 8-K is required to be filed within four days, however the rules aren’t always so straightforward. Learn more on page 211.
10 / 10
If you are looking for information related to a specific company's filing, you can ask the SEC's public affairs office for assistance.
Correct! The public affairs office can answer technical questions about EDGAR, filings, and filing requirements. However, they tend to shy away from company-specific questions and controversial issues.
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