CORVEL Corp Relocates Principal Executive Offices to Fort Worth, TX
Ticker: CRVL · Form: 8-K · Filed: Jan 30, 2024 · CIK: 874866
| Field | Detail |
|---|---|
| Company | Corvel CORP (CRVL) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, administrative-change
TL;DR
**CRVL moved its main office to Fort Worth, TX, effective Jan 30, 2024.**
AI Summary
CORVEL CORPORATION (CRVL) filed an 8-K on January 30, 2024, to update its principal executive offices from Irvine, CA to 5128 Apache Plume Road, Suite 400, Fort Worth, Texas 76109. This change, effective January 30, 2024, indicates a relocation of their main operational hub. For investors, this matters as it signals a potential shift in operational strategy or cost structure, which could indirectly impact future financial performance, though the filing itself doesn't detail the 'why'.
Why It Matters
A change in principal executive offices can signal strategic shifts, potential cost savings, or expansion plans, which could influence the company's long-term operational efficiency and financial health.
Risk Assessment
Risk Level: low — This filing primarily reports an administrative change of address, which typically carries minimal direct financial risk.
Analyst Insight
Investors should note the administrative change but recognize that this filing alone does not provide enough information to warrant a significant investment decision. It's a minor update, not indicative of major operational shifts without further context.
Key Players & Entities
- CORVEL CORPORATION (company) — the registrant filing the 8-K
- CRVL (company) — trading symbol for CORVEL CORPORATION
- Nasdaq Global Select Market (company) — exchange where CRVL common stock is registered
- Fort Worth, Texas (location) — new principal executive offices address
- Irvine, CA (location) — former principal executive offices address
Forward-Looking Statements
- CORVEL CORPORATION may experience minor, one-time relocation costs in the next quarter. (CORVEL CORPORATION) — medium confidence, target: Q1 2024
- The change of address will not significantly impact CORVEL CORPORATION's core business operations or revenue in the short term. (CORVEL CORPORATION) — high confidence, target: Q1-Q2 2024
FAQ
What is the primary purpose of this 8-K filing by CORVEL CORPORATION?
The primary purpose of this 8-K filing is to report a change in the registrant's principal executive offices, as indicated by the 'Date of Report (Date of earliest event reported): January 30, 2024' and the updated address information.
What is the new address for CORVEL CORPORATION's principal executive offices?
The new address for CORVEL CORPORATION's principal executive offices is 5128 Apache Plume Road, Suite 400, Fort Worth, Texas 76109, with a telephone number of (817) 390-1416.
When did the change in CORVEL CORPORATION's principal executive offices become effective?
The change in CORVEL CORPORATION's principal executive offices became effective on January 30, 2024, as stated in the 'Date of Report (Date of earliest event reported): January 30, 2024'.
What was the previous address for CORVEL CORPORATION's principal executive offices?
While the filing doesn't explicitly state the former address in the main body, the business address listed in the header information is 2010 MAIN STREE, SUITE 1020, CITY: IRVINE, STATE: CA, ZIP: 92614.
On which exchange is CORVEL CORPORATION's Common Stock registered?
CORVEL CORPORATION's Common Stock, Par Value $0.0001 Per Share, is registered on the Nasdaq Global Select Market under the trading symbol CRVL.
Filing Stats: 546 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-01-29 19:30:08
Key Financial Figures
- $0.0001 — ch registered Common Stock, Par Value $0.0001 Per Share CRVL Nasdaq Global Select
Filing Documents
- crvl-20240130.htm (8-K) — 41KB
- crvl-ex99_1.htm (EX-99.1) — 124KB
- 0000950170-24-008469.txt ( ) — 283KB
- crvl-20240130.xsd (EX-101.SCH) — 24KB
- crvl-20240130_htm.xml (XML) — 5KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On January 30, 2024, CorVel Corporation (the "Company") issued a press release announcing its financial results for the three and nine months ended December 31, 2023. A copy of the press release is furnished herewith as Exhibit 99.1. The information contained in this Item 2.02 and in the exhibit attached to this report as Exhibit 99.1 is being furnished to the Securities and Exchange Commission and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, or incorporated by reference in any filing of the Company under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press Release, dated January 30, 2024, announcing CorVel Corporation's financial results for the three and nine months ended December 31, 2023 (furnished herewith but not filed pursuant to Item 2.02). 104 Cover Page Interactive Data file (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CORVEL CORPORATION , a Delaware corporation (Registrant) Date: January 30, 2024 By: /s/ Brandon T. O'Brien Brandon T. O'Brien Chief Financial Officer