149 material Form 8-K filings that 134 companies we cover made with the SEC in February 2024, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
Graham Holdings reported fourth-quarter and full-year 2023 results on February 23, 2024. Revenue rose 12% for the year to $4.4 billion and 10% in the fourth quarter to $1.2 billion, led by education, healthcare and automotive, while full-year operating income fell to $69.4 million from $83.9 million, mainly due to goodwill impairment charges. Reported net income rose to $205.3 million ($43.82 per share) from $67.1 million, but excluding certain items it fell to $200.5 million ($42.78 per share) from $287.2 million ($59.03 per share).
Full-year 2023 revenue was $4,414.9 million, up 12% from $3,924.5 million in 2022.
Full-year 2023 operating income was $69.4 million, compared with $83.9 million in 2022, due to goodwill impairment charges at World of Good Brands and Dekko.
Fourth-quarter 2023 net income attributable to common shares was $53.3 million ($11.72 per share), compared with $6.2 million ($1.28 per share) a year earlier.
Excluding certain items, fourth-quarter 2023 net income was $49.7 million ($10.94 per share), compared with $90.5 million ($18.80 per share) in the fourth quarter of 2022.
Fortinet expanded its board from eight to nine directors and appointed Mary Agnes "Maggie" Wilderotter as a director, effective April 19, 2024. The company also named Christiane Ohlgart as Chief Accounting Officer and principal accounting officer, effective March 18, 2024, replacing CFO Keith Jensen in that accounting role while he remains CFO.
Wilderotter's board appointment is effective April 19, 2024, and she has not yet been assigned to any board committees
Wilderotter is expected to receive a $55,000 annual cash retainer plus RSUs, pro-rated through the 2024 Annual Meeting
Ohlgart, age 56, is expected to receive a $450,000 annual base salary, a 50% target bonus, and $750,000 each in RSUs and PSUs (target values)
Keith Jensen will stop serving as principal accounting officer but remains Chief Financial Officer
Warby Parker and a subsidiary entered a credit agreement on February 21, 2024, providing a $120 million revolving credit facility maturing February 21, 2029, with no borrowings at closing. The company terminated its prior credit agreement from September 30, 2022, and cash collateralized $4.3 million of letters of credit. The filing describes the new facility as available for working capital and general corporate purposes, with a maximum senior net leverage covenant of 3.00:1.00 that applies only while borrowings exceed $30 million.
Revolving credit facility of up to $120 million, with an uncommitted accordion feature to $175 million
Facility matures February 21, 2029; no borrowings outstanding at closing
Borrowings are secured by first-lien interests in substantially all assets; interest at adjusted SOFR plus 1.65% to 1.90%, or prime-based rates
Prior credit agreement with Comerica Bank terminated; $4.3 million of letters of credit cash collateralized
Sunstone Hotel Investors reported fourth quarter 2023 net income of $127.0 million, up from $17.5 million, mainly due to the $123.8 million gain on the sale of Boston Park Plaza. Excluding that gain, fourth quarter net income would have been $3.2 million, and Adjusted EBITDA re excluding noncontrolling interest fell 20.5% to $54.6 million. For full year 2023, net income was $206.7 million and Adjusted FFO per diluted share rose 9.2% to $0.95, while the company's 2024 guidance projects Adjusted FFO per diluted share of $0.78 to $0.90.
Q4 2023 Adjusted FFO per diluted share was $0.19, down 26.9% from $0.26 a year earlier
Comparable RevPAR fell 2.2% to $206.58 in Q4 2023; full year comparable RevPAR rose 5.6% to $226.56
2024 guidance: net income of $46 million to $71 million and Adjusted EBITDA re of $230 million to $255 million
The company repurchased 5,971,192 shares in 2023 at an average price of $9.43, with $454.7 million remaining under its authorization
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.