Franklin Covey Files 8-K on Operations & Financial Condition
Ticker: FC · Form: 8-K · Filed: Jan 4, 2024 · CIK: 886206
Complexity: simple
Sentiment: neutral
Topics: financial-results, regulation-fd, corporate-disclosure
TL;DR
**Franklin Covey just dropped an 8-K on financial results, get ready for potential stock movement.**
AI Summary
Franklin Covey Co. filed an 8-K on January 4, 2024, to report on its 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure'. This filing indicates that the company is providing an update on its financial performance, likely ahead of a full earnings report, and ensuring that any material non-public information is disclosed to all investors simultaneously. For shareholders, this matters because it provides an early look at the company's financial health, which could influence stock price movements based on whether the results meet or exceed expectations.
Why It Matters
This filing signals that Franklin Covey is updating the market on its financial performance, which can impact investor sentiment and stock valuation.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial information, not indicating any immediate high-risk events.
Analyst Insight
A smart investor would look for the specific financial results that Franklin Covey Co. is disclosing under 'Results of Operations and Financial Condition' to assess the company's recent performance and compare it against analyst expectations before making any investment decisions.
Key Players & Entities
- FRANKLIN COVEY CO. (company) — the registrant filing the 8-K
- January 4, 2024 (date) — date of earliest event reported and filing date
- 001-11107 (number) — Commission File No. for Franklin Covey Co.
- Utah (location) — state of incorporation for Franklin Covey Co.
- 87-0401551 (number) — IRS Employer Identification Number for Franklin Covey Co.
- 2200 West Parkway Boulevard Salt Lake City , Utah 84119-2099 (location) — principal executive offices address
- (801) 817-1776 (number) — registrant's telephone number
- Common Stock, $.05 Par Value (other) — title of class of securities registered
- FC (other) — trading symbol for Franklin Covey Co.
- New York Stock Exchange (other) — exchange on which securities are registered
FAQ
What is the purpose of this 8-K filing by Franklin Covey Co.?
Franklin Covey Co. filed this 8-K to report on 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure' as of January 4, 2024, indicating an update on their financial performance and ensuring fair disclosure of information.
What is the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 4, 2024, which is also the date of the report.
Where are Franklin Covey Co.'s principal executive offices located?
Franklin Covey Co.'s principal executive offices are located at 2200 West Parkway Boulevard, Salt Lake City, Utah 84119-2099.
What is the trading symbol and on which exchange is Franklin Covey Co.'s common stock registered?
Franklin Covey Co.'s common stock trades under the symbol 'FC' and is registered on the New York Stock Exchange.
Is Franklin Covey Co. classified as an emerging growth company according to this filing?
No, the filing indicates with a '□' that Franklin Covey Co. is not an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 675 words · 3 min read · ~2 pages · Grade level 10.1 · Accepted 2024-01-04 16:05:55
Filing Documents
- fc-20240104x8k.htm (8-K) — 66KB
- fc-20240104xex99_1.htm (EX-99.1) — 337KB
- fc-20240104x8kg001.jpg (GRAPHIC) — 20KB
- fc-20240104xex99_1g001.jpg (GRAPHIC) — 222KB
- 0000886206-24-000002.txt ( ) — 882KB
- fc-20240104.xsd (EX-101.SCH) — 2KB
- fc-20240104_lab.xml (EX-101.LAB) — 13KB
- fc-20240104_pre.xml (EX-101.PRE) — 10KB
- fc-20240104x8k_htm.xml (XML) — 4KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On January 4, 2024, Franklin Covey Co. (the Company) announced its financial results for the first quarter fiscal 2024 , which ended on November 30, 2023. A copy of the earnings release is being furnished as exhibit 99.1 to this current report on Form 8-K. Certain information in this Report (including the exhibit) is furnished pursuant to Item 2.02 and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On December 20, 2023, the Company announced that it would host a discussion for shareholders and the financial community to review its financial results for the first quarter fiscal 2024. The discussion is scheduled to be held on Thursday, January 4, 2024, at 5:00 p.m. Eastern Time (3:00 p.m. Mountain Time). Interested persons may access a live webcast at https://edge.media-server.com/mmc/p/r2a3rane or may participate via telephone by registering at https://register.vevent.com/register/BI4da7714a312d4847a54f00840f328fd4 . Once registered, participants will have the option of 1) dialing into the call from their phone (via a personalized PIN); or 2) clicking the "Call Me" option to receive an automated call directly to their phone. For either option, registration will be required to access the call. A replay of the conference call webcast will be archived on the Company's website for at least 30 days.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits 99.1 Earnings release dated January 4, 2024 . 104 Cover Page Interactive Data File – the cover page XBRL tags are 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. FRANKLIN COVEY CO. Date: January 4, 2024 By: /s/ Stephen D. Young Stephen D. Young Chief Financial Officer