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Chapter 19: 8-K Filings Guide Quiz
Test your knowledge of the 8-K filings chapter material!
1 / 10
Items 7.01 is for filing related to Regulation FD. What does the FD stand for?
The answer can be found on page 209.
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.
2 / 10
If you were looking for the compensation of top officers in an 8-K Filing, what Item number would you be on the lookout for?
The answer can be found on page 208.
Correct! New or modified pay details for top executives are filed with the same code as the appointment or departure of directors and officers. Here, companies have some leeway in describing the new or changed pay, but they can choose whether to include the actual employment agreement or another contract.
3 / 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.
Correct!
4 / 10
What item number can be a signal that a big outside investor is buying a significant stake in the company?
The answer can be found on page 205.
That’s right! These 8-Ks are triggered by the sale of 1% (or, for smaller companies, 5%) of the company’s shares in a private transaction.
5 / 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.
The answer can be found on page 211.
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.
6 / 10
What is listed under Item 1.03?
The answer can be found on page 204.
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
What item code would you find information about restructuring and write-offs?
Correct! Item 2.05 in 8-Ks can include announcements of big layoffs or the dollar amounts associated with restructuring.
8 / 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.
9 / 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.
10 / 10
If you were looking for financial statements and exhibits, what item number would you look for?
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.
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