Simple English definitions for legal terms
Read a random definition: bill of indemnity
8-K: A form that a company must file with the SEC if something important happens that affects its finances. This is in addition to the regular reports that companies have to file. It's like a special report that tells the SEC and investors about any big changes that could impact the company's value.
Definition: 8-K is a form that a registered corporation must file with the Securities and Exchange Commission (SEC) if a material event occurs that affects its financial condition between the due dates for regular SEC filings. This form is also known as Form 8-K and is different from the annual report (10-K).
These examples illustrate how a material event can affect a company's financial condition and require them to file an 8-K form with the SEC. By doing so, the company provides transparency to its investors and the public about significant changes in its operations or financial status.