During World War II, it was common to find different names applied to a single item of supply used by each military service. That made it difficult for the military services to locate supplies and, in most cases, impossible to share items of supply. This resulted in an item depletion situation for one service and… Continue reading Why Was The Concept of a NSN Created?
What is a National Stock Number (NSN)?
A National Stock Number is simply the official label applied to an item of supply that is repeatedly procured, stocked, stored, issued, and used throughout the federal supply system. It is a unique item identifying series of numbers. When a NSN is assigned to an item of supply, data is assembled to describe the item.… Continue reading What is a National Stock Number (NSN)?
Item 9.01 – Financial Statements and Exhibits | 8-K Explained
Under this item, a company must file certain financial statements and list the exhibits that it has filed as part of the 8-K. For example, if a company discloses in Item 2.01 that it has acquired a business, Item 9.01 would require the company to provide the financial statements of the business acquired in the… Continue reading Item 9.01 – Financial Statements and Exhibits | 8-K Explained
Item 8.01 – Other Events | 8-K Explained
This is the place where companies may report anything that they believe is important but is not specifically required elsewhere in the 8-K.
Item 7.01 – Regulation FD | 8-K Explained
The purpose of Regulation FD—for “fair disclosure”—is to prevent companies from selectively disclosing material, non-public information. Regulation FD is intended to level the playing field: companies generally must give material information to the public at the same time they provide it to others, such as securities market professionals. Companies may submit an 8-K under this… Continue reading Item 7.01 – Regulation FD | 8-K Explained
Item 5.07 – Submission of Matters to a Vote of Security Holders | 8-K Explained
Within four business days of the end of an annual or special meeting, companies must file the results of shareholder votes in director elections and on all other matters put to a vote. If the company is only able to report preliminary results at that time, it must file an amended 8-K to report the… Continue reading Item 5.07 – Submission of Matters to a Vote of Security Holders | 8-K Explained
Item 5.05 – Amendments to the Registrant’s Code of Ethics, or Waiver of a Provision of the Code of Ethics | 8-K Explained
Companies must generally report changes to their code of ethics that apply to the chief executive officer, chief financial officer, chief accounting officer or controller, or others performing similar functions. The company also must disclose any waivers granted to any of these persons. Many investors consider ethics waivers to be a red flag. Please note… Continue reading Item 5.05 – Amendments to the Registrant’s Code of Ethics, or Waiver of a Provision of the Code of Ethics | 8-K Explained
Item 5.03 – Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year | 8-K Explained
This item generally requires disclosure if a company amends its articles of incorporation or bylaws, or changes its fiscal year, unless the company already disclosed the proposed amendment or fiscal year change in a proxy statement or information statement. Companies that issue only debt securities are typically not required to comply with this item.
Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 8-K Explained
If a board member resigns or refuses to stand for reelection because of a disagreement with the company relating to the company’s operations, policies or practices, or a director is removed for cause from the board, the company must briefly describe the circumstances of the disagreement. If the director provides a letter regarding her resignation,… Continue reading Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 8-K Explained
Item 5.01 – Changes in Control of Registrant | 8-K Explained
If there is a change of control of the company, the company must identify the persons who have acquired control and the percentage of voting securities that they beneficially own, as well as any arrangements between the old and new control groups regarding the election of directors or other matters.