InterDigital Files 8-K for Reg FD Disclosure on Jan 18 Event
Ticker: IDCC · Form: 8-K · Filed: Jan 19, 2024 · CIK: 1405495
Complexity: simple
Sentiment: neutral
Topics: regulation-fd, disclosure, corporate-governance
TL;DR
**InterDigital just filed an 8-K for a Reg FD disclosure, meaning they're sharing important news with everyone at once.**
AI Summary
InterDigital, Inc. filed an 8-K on January 19, 2024, reporting an event that occurred on January 18, 2024, under Regulation FD Disclosure. This filing indicates that the company is making a public disclosure of material non-public information, likely to ensure fair and equal access to information for all investors. For shareholders, this means InterDigital is proactively managing information flow, which can build trust and prevent market speculation based on selective disclosures.
Why It Matters
This filing ensures all investors receive important company information simultaneously, preventing unfair trading advantages and promoting transparency.
Risk Assessment
Risk Level: low — This filing is a standard regulatory disclosure and does not inherently indicate a negative event, but rather a commitment to transparency.
Analyst Insight
A smart investor would monitor InterDigital's subsequent announcements or investor relations communications for the specific details of the Regulation FD disclosure, as this filing only indicates that a disclosure was made, not its content.
Key Numbers
- 001-33579 — SEC File Number (unique identifier for InterDigital's filings with the SEC)
- 82-4936666 — IRS Employer Identification No. (InterDigital's tax identification number)
- $0.01 — par value per share (par value of InterDigital's Common Stock)
Key Players & Entities
- InterDigital, Inc. (company) — the registrant filing the 8-K
- January 18, 2024 (date) — date of the earliest event reported
- January 19, 2024 (date) — date the 8-K was filed
- IDCC (company) — trading symbol for InterDigital, Inc.
- Nasdaq Stock Market LLC (company) — exchange where InterDigital's common stock is registered
Forward-Looking Statements
- InterDigital will provide further details regarding the specific material non-public information disclosed under Regulation FD. (InterDigital, Inc.) — medium confidence, target: Q1 2024
FAQ
What is the primary purpose of InterDigital, Inc.'s 8-K filing dated January 19, 2024?
The primary purpose of InterDigital, Inc.'s 8-K filing is a Regulation FD Disclosure, indicating the company is making a public disclosure of material non-public information to ensure fair and equal access for all investors, as reported on January 18, 2024.
On what date did the earliest event reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on January 18, 2024, as stated in the 'DATE OF REPORT (Date of earliest event reported)' section.
What is InterDigital, Inc.'s trading symbol and on which exchange is its common stock registered?
InterDigital, Inc.'s trading symbol is IDCC, and its Common Stock, par value $0.01 per share, is registered on the Nasdaq Stock Market LLC.
What is the business address and phone number of InterDigital, Inc. as listed in the filing?
InterDigital, Inc.'s business address is 200 Bellevue Parkway, Suite 300, Wilmington, DE 19809-3727, and its telephone number is 302-281-3600.
Is InterDigital, Inc. classified as an 'emerging growth company' according to this filing?
No, InterDigital, Inc. is not classified as an 'emerging growth company' as indicated by the unchecked box next to 'Emerging growth company' in the filing.
Filing Stats: 548 words · 2 min read · ~2 pages · Grade level 12.6 · Accepted 2024-01-19 14:00:36
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share IDCC Nasdaq Stock Market
- $430 million — rrent annual recurring revenue of about $430 million. This reference was an inadvertent erro
Filing Documents
- ef20019261_8k.htm (8-K) — 24KB
- 0001140361-24-002881.txt ( ) — 157KB
- idcc-20240118.xsd (EX-101.SCH) — 4KB
- idcc-20240118_lab.xml (EX-101.LAB) — 22KB
- idcc-20240118_pre.xml (EX-101.PRE) — 16KB
- ef20019261_8k_htm.xml (XML) — 4KB
01
Item 7.01. Regulation FD Disclosure. On January 18, 2024, InterDigital, Inc. (the "Company") presented at the 26 th Annual Needham Growth Conference. During that presentation, Liren Chen, Chief Executive Officer of the Company, referred to current annual recurring revenue of about $430 million. This reference was an inadvertent error and was not intended to update the previously issued guidance for fourth quarter 2023 or outlook for first quarter 2024 that the Company issued on January 16, 2024. In issuing this Form 8-K, the Company is not affirming or updating guidance but merely correcting the inadvertent error. The Company disclaims any intention or obligation to update or revise its prior guidance, whether as a result of new information, future events or otherwise. The information in this report is being furnished pursuant to Item 7.01 of Form 8-K 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 liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
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. INTERDIGITAL, INC. By: /s/ Joshua D. Schmidt Joshua D. Schmidt Chief Legal Officer and Corporate Secretary Date: January 19, 2024