JE forwarded this tweet:
Firms are starting to include initial estimates of the #coronavirus on their revenues in their 10-K and 8-K filings with the SEC. As the following figure shows, some discussion of the virus in the 10-K is becoming routine. #EconTwitter pic.twitter.com/2zpbghZSOt
— Ryan Israelsen (@israelsen) March 4, 2020
Some of you should know what a 10-K is. If you don’t, it’s an annual statement, required by the SEC, from large publicly traded corporations. It is publicly available, and outlines the firms past, and expected financial performance.
Most of you will not know what an 8-K is (I had to ask up and down the hall to find an answer). An 8-K is used, as needed, when a company has news of a special event that investors should know about.
Both are part of the ways firms keep investors fully informed about their performance.
The increase in mentions on these firms indicates that firms either expect their performance to be affected (presumably negatively), or they want to notify investors that management believes they’re set up well to weather the storm.
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