Artivion Changes Fiscal Year End to March 31
Ticker: AORT · Form: 8-K · Filed: May 17, 2024 · CIK: 784199
| Field | Detail |
|---|---|
| Company | Artivion, Inc. (AORT) |
| Form Type | 8-K |
| Filed Date | May 17, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: fiscal-year-change, reporting-change, administrative
TL;DR
ARTIVION just changed its fiscal year end to March 31, effective next year. Big reporting shift incoming.
AI Summary
On May 15, 2024, Artivion, Inc. filed an 8-K report detailing a change in its fiscal year end from December 31 to March 31. This change will be effective for the fiscal year ending March 31, 2025. The company also filed financial statements and exhibits related to this reporting period.
Why It Matters
This change in fiscal year end could impact how investors and analysts evaluate the company's financial performance and compare it to industry peers. It may also affect reporting cycles for debt covenants or other agreements.
Risk Assessment
Risk Level: low — The filing is a routine administrative change regarding the company's fiscal year end and does not indicate any immediate financial distress or significant operational changes.
Key Numbers
- March 31 — New Fiscal Year End (Effective for the fiscal year ending March 31, 2025.)
- December 31 — Previous Fiscal Year End (The company previously ended its fiscal year on this date.)
Key Players & Entities
- Artivion, Inc. (company) — Registrant
- March 31 (date) — New Fiscal Year End
- December 31 (date) — Previous Fiscal Year End
FAQ
What is the primary reason for Artivion, Inc. changing its fiscal year end?
The filing does not explicitly state the reason for the change, but it is a formal notification of the shift to March 31.
When will the new fiscal year end become effective?
The change will be effective for the fiscal year ending March 31, 2025.
What was Artivion's previous fiscal year end?
Artivion's previous fiscal year end was December 31.
What other items were filed along with the fiscal year end change notification?
The filing also includes financial statements and exhibits.
Does this filing indicate any changes to Artivion's business operations?
No, this filing specifically pertains to an administrative change in the company's fiscal year end and does not detail operational changes.
Filing Stats: 871 words · 3 min read · ~3 pages · Grade level 15.1 · Accepted 2024-05-17 16:14:36
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value AORT NYSE Indicate by check
Filing Documents
- aort-20240515.htm (8-K) — 29KB
- aort-form8xkxex32.htm (EX-3.2) — 144KB
- 0000784199-24-000184.txt ( ) — 326KB
- aort-20240515.xsd (EX-101.SCH) — 2KB
- aort-20240515_lab.xml (EX-101.LAB) — 22KB
- aort-20240515_pre.xml (EX-101.PRE) — 13KB
- aort-20240515_htm.xml (XML) — 3KB
03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year On May 15, 2024, the Board of Directors (the "Board") of Artivion, Inc. (the "Company") approved amending and restating the Company's amended and restated bylaws (the "Amended & Restated Bylaws"), effective immediately upon approval by the Board. Among other things, the amendments update, narrow, and remove certain procedures and disclosure requirements relating to advance notice requirements applicable to stockholder-submitted nominations and other business proposals (the "Advance Notice Bylaw") and make other updates in line with the Delaware General Corporation Law ("DGCL"). These amendments include, among other things, (i) clarifying that the requirement that a stockholder's notice required by the Advance Notice Bylaw must disclose the name and address of any entity or person known to be supporting a stockholder nomination is limited to financial support of such nomination; (ii) removing the requirement that a stockholder's notice required by the Advance Notice Bylaw disclose any performance-related fees based on any increase or decrease in the value of the shares or derivative instruments of the Company to which a stockholder or Stockholder Associated Person (as defined in the Amended & Restated Bylaws) is entitled; (iii) removing the requirement that a stockholder's notice required by the Advance Notice Bylaw disclose any direct or indirect interest in any contract with the Company's affiliates or principal competitors or in any litigation or regulatory proceeding involving any affiliate of the Company; (iv) removing a word limit requirement for the text of any business proposals included in a stockholder's notice required by the Advance Notice Bylaw; (v) removing any requirement to disclose information with respect to "others acting in concert" in a stockholder's notice required by the Advance Notice Bylaw; (vi) removing the requirement that any stockholder-nominee under th
01(d) Exhibits
Item 9.01(d) Exhibits (d) Exhibits. Exhibit Number Description 3.2 Amended and Restated Bylaws of Artivion, Inc. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). -2-
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Artivion, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 17, 2024 ARTIVION, INC. By: /s/ Lance A. Berry Name: Lance A. Berry Title: Chief Financial Officer and Executive Vice President, Finance -3-