Morningstar Files 8-K
Ticker: MORN · Form: 8-K · Filed: Mar 22, 2024 · CIK: 1289419
| Field | Detail |
|---|---|
| Company | Morningstar, Inc. (MORN) |
| Form Type | 8-K |
| Filed Date | Mar 22, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $4 million, $9 million, $37 million, $10.3 m, $40.2 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulation-fd, disclosure
Related Tickers: MORN
TL;DR
Morningstar filed a standard 8-K on 3/22, no big news.
AI Summary
On March 22, 2024, Morningstar, Inc. filed an 8-K to disclose information under Regulation FD. The filing does not contain specific financial figures or material events beyond the standard reporting requirements for this form type.
Why It Matters
This filing indicates Morningstar is adhering to its regulatory disclosure obligations. It does not contain new operational or financial information that would immediately impact investors.
Risk Assessment
Risk Level: low — The filing is a routine 8-K for Regulation FD disclosure and does not contain any new material information or events.
Key Players & Entities
- Morningstar, Inc. (company) — Registrant
- March 22, 2024 (date) — Date of Report
FAQ
What is the purpose of this 8-K filing?
This 8-K filing is for a Regulation FD Disclosure, indicating the company is complying with its reporting obligations.
What is the exact date of the earliest event reported?
The date of the earliest event reported is March 22, 2024.
What is the company's principal executive office address?
The address of the principal executive offices is 22 West Washington Street, Chicago, Illinois 60602.
What is Morningstar, Inc.'s IRS Employer Identification No.?
Morningstar, Inc.'s IRS Employer Identification No. is 36-3297908.
Does this filing contain specific financial results or material events?
No, this filing is a standard 8-K for Regulation FD Disclosure and does not appear to contain specific financial results or new material events.
Filing Stats: 4,487 words · 18 min read · ~15 pages · Grade level 13.1 · Accepted 2024-03-22 16:58:54
Key Financial Figures
- $4 million — arter of 2023 would be in excess of the $4 million in severance related to these actions.
- $9 million — ar Credit will be well in excess of the $9 million in associated severance. These savings
- $37 million — comp expense in 2023 (compared with the $37 million in 2022 from third year of the prior PS
- $10.3 m — e for the PitchBook segment in 2023 was $10.3 million, down from $40.2 million in 2022.
- $40.2 million — nt in 2023 was $10.3 million, down from $40.2 million in 2022. Note that this includes perfor
- $28.6 million — s plan awards in an aggregate amount of $28.6 million will be available for issuance with ann
- $7.15 million — able for issuance with annual grants of $7.15 million available in each of 2023 and 2024 and
- $14.3 million — available in each of 2023 and 2024 and $14.3 million in 2025. If PitchBook exceeds certain p
- $50 million — 023 results included slightly less than $50 million in revenue related to LCD. However, a s
Filing Documents
- morn-20240322.htm (8-K) — 86KB
- 0001289419-24-000017.txt ( ) — 248KB
- morn-20240322.xsd (EX-101.SCH) — 2KB
- morn-20240322_def.xml (EX-101.DEF) — 14KB
- morn-20240322_lab.xml (EX-101.LAB) — 24KB
- morn-20240322_pre.xml (EX-101.PRE) — 15KB
- morn-20240322_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure The following information is included in this Current Report on Form 8-K as a result of Morningstar, Inc.'s policy regarding public disclosure of corporate information. Caution Concerning Forward-Looking Statements This current report on Form 8-K contains forward-looking statements as that term is used in the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations about future events or future financial performance. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, and often contain words such as " committed," "consider," "estimate," "forecast," "future," "goal," "is designed to," "maintain," "may," "might," "objective," "ongoing," "could," "expect," "intend," "plan," "possible," "potential," "seek," "anticipate," "believe," "estimate," "predict," "potential," "prospects", "continue," "seek," "strategy," "strive," "will," "would," or the negative thereof, and similar expressions. These statements involve known and unknown risks and uncertainties that may cause the events we discuss not to occur or to differ significantly from what we expect. For us, these risks and uncertainties include, among others: failing to maintain and protect our brand, independence, and reputation; failure to prevent and/or mitigate cybersecurity events and the failure to protect confidential information, including personal information about individuals; compliance failures, regulatory action, or changes in laws applicable to our credit ratings operations, investment advisory, environmental, social, and governance (ESG), and index businesses; failing to innovate our product and service offerings or anticipate our clients' changing needs; the impact of artificial intelligence (AI) and related new technologies on our business, legal, and regulatory exposure profile and reputation; failure to detect errors in our products or failure of our product