278 material Form 8-K filings that 243 companies we cover made with the SEC in May 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).
Vornado Realty L.P., the operating partnership of Vornado Realty Trust, amended its $1.25 billion revolving credit facility maturing December 2027 and its $800 million term loan maturing December 2027 on May 14, 2024. The changes conform definitions and provisions to a new $915 million revolving credit facility maturing April 2029 that the partnership entered into on May 3, 2024.
Amendments dated May 14, 2024, with JPMorgan Chase Bank N.A. as administrative agent
Revolver pricing is Term SOFR plus 115 basis points with a 25 basis point facility fee; term loan pricing is Term SOFR plus 130 basis points
Sustainability thresholds may adjust the term loan rate by up to 5 basis points, the revolver rate by up to 4 basis points, and the facility fee by 1 basis point
Covenants include total outstanding indebtedness not exceeding 60% of capitalization value and a combined EBITDA to fixed charges ratio of at least 1.40 to 1.00
Medical Properties Trust received a New York Stock Exchange notice on May 16, 2024, because it has not yet filed its Form 10-Q for the period ended March 31, 2024. The company attributes the delay to added impairment reviews after tenant Steward Health Care System filed for voluntary bankruptcy, and says the notice has no immediate effect on its listing. Shareholders face the risk that the NYSE could start delisting procedures if the filing is not completed within the allowed period.
The quarterly report was not filed by its prescribed due date, after Steward Health Care System's voluntary bankruptcy petition, filed four days before that date, required additional impairment procedures.
The NYSE notice, received May 16, 2024, cites non-compliance with Section 802.01E, which requires timely filing of periodic reports.
The company has six months from May 15, 2024 to regain compliance, with a possible additional six-month extension at the NYSE's discretion.
PricewaterhouseCoopers LLP needs more time to complete its interim review, and the NYSE may begin delisting procedures earlier if it deems circumstances warrant.
Cirrus Logic said Chief Financial Officer Venk Nathamuni will resign effective May 24, 2024, to pursue other professional opportunities outside the semiconductor industry. The Board appointed Ulf Habermann, the company's Principal Accounting Officer, as interim CFO while the company searches for a permanent successor, which matters to shareholders because it changes the company's finance leadership during the search.
Nathamuni gave notice on May 11, 2024; his resignation takes effect May 24, 2024.
The company states the departure is not the result of any disagreement with the company or its Board on operations, financial reporting, policies, or practices.
On May 14, 2024, the Board appointed Habermann as interim CFO, and he will also continue as Principal Accounting Officer.
Habermann has been with the company since February 2002; no new compensatory arrangements were entered into for his interim role.
Park Hotels & Resorts' subsidiaries issued $550 million of 7.000% senior notes due 2030 and a new $200 million unsecured term loan, using the proceeds to buy back $311,473,000 of its 7.500% notes due 2025 through a tender offer. The company said it will redeem the remaining 2025 notes on about June 1, 2024, replacing debt maturing in 2025 with debt maturing in 2027 and 2030 at a 7.000% fixed rate on the new notes. The filing does not report earnings or guidance, and it also notes that the company has ceased payments on a $725 million CMBS loan on two San Francisco hotels, with the lender exercising remedies.
$550 million 7.000% senior notes due February 1, 2030, issued May 16, 2024
$200 million unsecured term loan maturing May 14, 2027, fully funded May 16, 2024
$311,473,000 of the $650 million 7.500% notes due 2025 accepted in the tender offer; remaining notes to be redeemed at 100% on about June 1, 2024
Filing states Park ceased payments on a $725 million non-recourse CMBS loan on Hilton San Francisco Union Square and Parc 55 San Francisco
DXC reported fourth-quarter fiscal 2024 revenue of $3.39 billion, down 5.7% from a year earlier, and a net loss of $195 million, narrower than the $758 million loss a year earlier. Non-GAAP diluted EPS fell to $0.97 from $1.02, and fiscal 2025 guidance projects revenue of $12.67 billion to $12.95 billion, below fiscal 2024's $13.67 billion, which may weigh on shareholders.
Q4 FY24 revenue was $3.39 billion, down 5.7%, and down 4.9% on an organic basis
Q4 FY24 diluted EPS was $(1.10) versus $(3.38); non-GAAP diluted EPS was $0.97 versus $1.02
FY25 guidance: revenue of $12.67 billion to $12.95 billion and non-GAAP diluted EPS of $2.50 to $3.00, versus $3.13 in FY24
Doximity reported fiscal fourth-quarter revenue of $118.1 million, up 6% year-over-year, with net income of $40.6 million, up 32%, and adjusted EBITDA of $56.4 million, up 15%. The company also gave fiscal 2025 revenue guidance of $506 million to $518 million and authorized a $500 million share repurchase program, which matters to shareholders because it signals profit growth alongside capital returns.
Q4 revenue of $118.1 million versus $111.0 million; subscription revenue of $112.7 million, up 9%
Fiscal 2024 revenue of $475.4 million, up 13%; net income of $147.6 million, up 31%
Guidance: fiscal Q1 2025 revenue of $119.5 million to $120.5 million; fiscal 2025 revenue of $506 million to $518 million
Board authorized up to $500 million of Class A stock repurchases on May 1, 2024, with no expiration date
Take-Two reported fourth-quarter fiscal 2024 Net Bookings of $1.35 billion, down 3% from a year earlier, and a GAAP net loss of $2.90 billion, or $17.02 per share, driven largely by a $2.18 billion goodwill impairment. The company also gave initial fiscal 2025 guidance of $5.55 to $5.65 billion in Net Bookings and said the Grand Theft Auto VI window has narrowed to the fall of calendar 2025.
Q4 fiscal 2024 GAAP net revenue fell 3% to $1.40 billion; GAAP net loss was $2.90 billion, versus $610.3 million a year earlier
Fiscal 2024 Net Bookings rose 1% to $5.33 billion; GAAP net loss for the year was $3.74 billion, or $22.01 per share
Grand Theft Auto VI release window narrowed to Fall of Calendar 2025, from Calendar 2025, per the filing
Texas Capital Bancshares elected Mark Midkiff, former chief risk officer at KeyCorp, to its Board of Directors effective June 1, 2024, and he will also join the Board's Risk Committee. The filing describes him as bringing over thirty years of risk management experience and says he qualifies as independent under Nasdaq rules.
Board elected Mark Midkiff on May 10, 2024; service begins June 1, 2024
Midkiff will serve on the Board's Risk Committee
Previously chief risk officer at KeyCorp from 2018 until December 2023, then in a transition role until his retirement earlier in 2024
Compensation will match other non-management directors, per the 2024 proxy statement filed March 7, 2024
The India Fund announced the final results of its transferable rights offering, which allowed holders to subscribe for up to 10,352,100 shares of common stock. The press release says the exercised rights will result in the issuance and sale of 6,237,159 shares, while the 8-K states 6,442,659 shares, so the final count is not consistent across the two documents. The offering increases the number of shares outstanding, and the shares are expected to be issued on or about May 21, 2024.
Final subscription price was $17.75 per share, set at 93% of net asset value per share at the close on May 14, 2024
Offering ran from April 19, 2024, and expired May 14, 2024
Press release cites 6,237,159 shares issued and gross proceeds of about $110 million; the 8-K cites 6,442,659 shares
Shares expected to be issued on or about May 21, 2024
Merchants Bancorp sold 2,400,000 shares of common stock at $43.00 per share in an underwritten public offering under an agreement dated May 13, 2024, and the offering closed on May 16, 2024. The company expects net proceeds of about $97.6 million, which it plans to use for general corporate purposes, including supporting balance sheet growth at Merchants Bank of Indiana. Shareholders would see a larger share count after the offering, and the underwriters also hold a 30-day option to buy up to 360,000 more shares.
2,400,000 shares sold at a public offering price of $43.00 per share
Underwriters have a 30-day right to buy up to an additional 360,000 shares
Expected net proceeds of about $97.6 million; offering closed May 16, 2024
Proceeds intended for general corporate purposes, including balance sheet growth at Merchants Bank of Indiana
At its May 15, 2024 annual meeting, Reliance, Inc. stockholders re-elected all eight board nominees and approved a 5-year extension of the Second Amended and Restated 2015 Incentive Award Plan, now running through 2030. Stockholders also approved the advisory vote on executive compensation and ratified KPMG LLP as the independent auditor for 2024.
Eight directors were elected to serve until the next annual meeting; Douglas W. Stotlar received the most votes against at 4,040,357.
Incentive Award Plan amendment approved: 45,679,584 for, 1,543,015 against, 54,532 abstentions.
Advisory vote on named executive officer compensation: 45,486,561 for, 1,742,917 against.
KPMG LLP ratified for fiscal 2024: 50,230,150 for, 624,481 against; 88.67% of shares outstanding were represented.
Tennant Company elected Mark W. Sheahan, President and CEO of Graco Inc., to its Board of Directors effective May 15, 2024, and appointed him to the Audit and Executive Committees. The filing describes a board appointment with standard non-employee director compensation, not a change in financial results or guidance.
Board elected Mark W. Sheahan on May 13, 2024, effective May 15, 2024
Sheahan joins the Audit Committee and Executive Committee and will stand for re-election at the 2025 annual meeting as a Class II director
He will receive standard non-employee director compensation, pro-rated from election until the 2025 annual meeting, as disclosed in the March 21, 2024 proxy statement
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.