DigitalBridge Files 8-K for Routine Securities Registration Update
Ticker: DBRG-PJ · Form: 8-K · Filed: Jan 10, 2024 · CIK: 1679688
Complexity: simple
Sentiment: neutral
Topics: compliance, securities-registration, administrative
TL;DR
**DigitalBridge filed a routine 8-K to update its registered securities, showing standard compliance.**
AI Summary
DigitalBridge Group, Inc. filed an 8-K on January 10, 2024, to update its registered securities, specifically its Common Class A Member stock, Series H Preferred Stock, Series I Preferred Stock, and Series J Preferred Stock, all traded on the NYSE. This filing is a routine update to ensure compliance with SEC regulations regarding its listed securities. For investors, this means the company is maintaining proper legal and financial hygiene, which is a positive sign of operational stability and transparency, though it doesn't signal any new strategic moves or financial performance changes.
Why It Matters
This filing is a standard compliance update, confirming DigitalBridge Group, Inc. is properly registered for its listed securities on the NYSE, which is important for maintaining investor confidence and market access.
Risk Assessment
Risk Level: low — This 8-K is a routine administrative filing with no material financial or operational changes, indicating very low risk.
Analyst Insight
Investors should view this as a routine compliance update, indicating good corporate governance but not signaling any immediate investment action. It's a non-event for stock price movement.
Key Players & Entities
- DigitalBridge Group, Inc. (company) — the registrant filing the 8-K
- Common Class A Member (other) — type of security registered
- Series H Preferred Stock (other) — type of security registered
- Series I Preferred Stock (other) — type of security registered
- Series J Preferred Stock (other) — type of security registered
- NYSE (other) — the exchange where securities are traded
FAQ
What is the purpose of this 8-K filing by DigitalBridge Group, Inc.?
The purpose of this 8-K filing, dated January 10, 2024, is to report 'Other Events' and 'Financial Statements and Exhibits' related to the registration of its securities pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What specific securities are mentioned in this filing?
The filing specifically mentions the registration of us-gaap:CommonClassAMember, us-gaap:SeriesHPreferredStockMember, dbrg:SeriesIPreferredStockMember, and dbrg:SeriesJPreferredStockMember.
On what exchange are DigitalBridge Group, Inc.'s securities traded, according to the filing?
According to the filing, DigitalBridge Group, Inc.'s securities are traded on exch:XNYS, which refers to the New York Stock Exchange (NYSE).
What is the earliest event reported date in this 8-K?
The Date of Report (Date of earliest event reported) is January 10, 2024.
What is DigitalBridge Group, Inc.'s former company name mentioned in the filing?
The filing lists 'Colony Capital, Inc.' with a date of name change of 20180621, and 'Colony NorthStar, Inc.' with a date of name change of 20160714, as former company names.
Filing Stats: 629 words · 3 min read · ~2 pages · Grade level 10.2 · Accepted 2024-01-10 16:46:58
Key Financial Figures
- $0.01 — Which Registered Class A Common Stock, $0.01 par value DBRG New York Stock Exchange
Filing Documents
- dbrg-20240110.htm (8-K) — 38KB
- dbrgvantagesdcdeconsolidat.htm (EX-99.1) — 11KB
- image.jpg (GRAPHIC) — 49KB
- 0001679688-24-000003.txt ( ) — 315KB
- dbrg-20240110.xsd (EX-101.SCH) — 3KB
- dbrg-20240110_def.xml (EX-101.DEF) — 19KB
- dbrg-20240110_lab.xml (EX-101.LAB) — 37KB
- dbrg-20240110_pre.xml (EX-101.PRE) — 19KB
- dbrg-20240110_htm.xml (XML) — 6KB
01
Item 8.01. Other Events. On January 10, 2024, DigitalBridge Group, Inc. (the "Company") announced that following the execution of a series of agreements, including the conversion of certain earnout payments to investors in Vantage SDC (Stabilized Data Centers) to equity interests in Vantage SDC and the modification of certain governance rights of Vantage SDC in connection therewith on December 31, 2023, DigitalBridge no longer holds a controlling financial interest in Vantage SDC and will deconsolidate Vantage SDC effective December 31, 2023. Vantage SDC was the sole remaining asset in the Company's Operating segment, which will be discontinued, with investment management as DigitalBridge's sole line of business as of December 31, 2023. The Company's equity investment in Vantage SDC, representing a 12.8% ownership interest (diluted from 13.1% as part of this transaction and excluding interests held by limited partners in vehicles managed and consolidated by the Company) will be carried under Investments on the Company's balance sheet. A copy of the Company's press release announcing the deconsolidation is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The following exhibits are being filed with this Current Report on Form 8-K. Exhibit No. Description 99.1 Press Release, dated January 10, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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. Date: January 10, 2024 DIGITALBRIDGE GROUP, INC. By: /s/ Jacky Wu Jacky Wu Executive Vice President and Chief Financial Officer