APi Group Files Routine 8-K, Confirms NYSE Listing & Corporate Details
Ticker: APG · Form: 8-K · Filed: Jan 2, 2024 · CIK: 1796209
| Field | Detail |
|---|---|
| Company | Api Group CORP (APG) |
| Form Type | 8-K |
| Filed Date | Jan 2, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $33.9465, $24.3968 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: administrative, corporate-governance, form-8k
TL;DR
**APG filed a standard 8-K, no major news here.**
AI Summary
APi Group Corporation filed an 8-K on January 2, 2024, under the 'Other Events' category. This filing primarily serves to update administrative details, confirming its status as a Delaware corporation with its principal executive offices in New Brighton, MN, and its common stock trading on the New York Stock Exchange under the symbol APG. For investors, this filing is largely procedural and doesn't signal any immediate operational or financial changes, meaning there's no direct impact on the stock's valuation from this specific document.
Why It Matters
This filing is mostly administrative, confirming APi Group's corporate structure and stock exchange listing. It doesn't contain new financial or operational news that would typically move the stock.
Risk Assessment
Risk Level: low — This 8-K is a routine administrative filing and does not introduce any new risks or material changes to the company's operations or financial standing.
Analyst Insight
Investors should note this is a standard administrative filing with no new material information. It's a good reminder to always check the 'Item Information' section of an 8-K to understand its significance.
Key Numbers
- 001-39275 — Commission File Number (identifies APi Group Corporation with the SEC)
- 98-1510303 — I.R.S. Employer Identification Number (identifies APi Group Corporation for tax purposes)
- $0.0001 — par value per share (par value of APi Group Corporation's Common Stock)
Key Players & Entities
- APi Group Corporation (company) — the registrant filing the 8-K
- Delaware (company) — state of incorporation for APi Group Corporation
- New York Stock Exchange (company) — exchange where APi Group Corporation's common stock is registered
- APG (company) — trading symbol for APi Group Corporation's common stock
- New Brighton, MN (company) — location of APi Group Corporation's principal executive offices
FAQ
What is the purpose of this 8-K filing by APi Group Corporation?
This 8-K filing, dated January 2, 2024, is categorized under 'Other Events' and primarily serves to update and confirm administrative details about APi Group Corporation, such as its state of incorporation, principal executive offices, and stock exchange listing, as per the 'ITEM INFORMATION: Other Events' section.
Where is APi Group Corporation incorporated and where are its main offices located?
APi Group Corporation is incorporated in Delaware and its principal executive offices are located at 1100 Old Highway 8 NW, New Brighton, MN 55112, as stated in the filing's header and business address section.
On which stock exchange is APi Group Corporation's common stock traded and what is its trading symbol?
APi Group Corporation's Common Stock, with a par value of $0.0001 per share, is registered on The New York Stock Exchange under the trading symbol APG, as indicated in the 'Securities registered pursuant to Section 12(b) of the Act' table.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 2, 2024, as explicitly stated under 'Date of Report (date of earliest event reported) 1/02/2024'.
Is APi Group Corporation considered an 'emerging growth company' according to this filing?
No, APi Group Corporation is not an 'emerging growth company' as defined in Rule 12b-2 of the Exchange Act, indicated by the unchecked box next to 'Emerging growth company' in the filing.
Filing Stats: 565 words · 2 min read · ~2 pages · Grade level 13.1 · Accepted 2024-01-02 17:14:07
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share APG The New York Stock Exchan
- $33.9465 — er the last ten trading days of 2023 of $33.9465 was greater than the highest price prev
- $24.3968 — alculating the annual dividend price of $24.3968. Consistent with the Company's previous
Filing Documents
- apg-20240102.htm (8-K) — 24KB
- 0001628280-24-000077.txt ( ) — 146KB
- apg-20240102.xsd (EX-101.SCH) — 2KB
- apg-20240102_lab.xml (EX-101.LAB) — 23KB
- apg-20240102_pre.xml (EX-101.PRE) — 12KB
- apg-20240102_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. On December 31, 2023, the Board of Directors of APi Group Corporation (the "Company") approved a stock dividend of 7,944,104 shares of the Company's common stock (the "Common Stock") with respect to the 4,000,000 shares of Series A preferred stock currently outstanding (the "Series A Preferred Stock"). As previously disclosed, pursuant to the terms of the Series A Preferred Stock, the holder of the Series A Preferred Stock was entitled to receive the annual dividend amount because the volume weighted average share price over the last ten trading days of 2023 of $33.9465 was greater than the highest price previously used in calculating the annual dividend price of $24.3968. Consistent with the Company's previously disclosed intention, the Board of Directors elected to settle the 2023 annual dividend amount in shares of Common Stock which were issued on January 2, 2024. After giving effect to such issuance and the issuance on January 2, 2024 of 337,044 shares of Common Stock to the holders of the Company's Series B preferred stock in settlement of the 4th quarter 2023 dividend due thereon (but before giving effect to the issuance of any shares of Common Stock upon vesting of certain employee restricted stock unit awards on January 1, 2024 or pursuant to the Company's employee stock purchase plan for the offering period ended December 31, 2023), the Company has 243,856,464 shares of Common Stock outstanding. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. APi Group Corporation Date: January 2, 2024 By: /s/ Kevin S. Krumm Name: Kevin S. Krumm Title: Chief Financial Officer