Morningstar, Inc. Files 8-K with Financial Updates
Ticker: MORN · Form: 8-K · Filed: Jul 25, 2024 · CIK: 1289419
| Field | Detail |
|---|---|
| Company | Morningstar, Inc. (MORN) |
| Form Type | 8-K |
| Filed Date | Jul 25, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-results, disclosure, sec-filing
Related Tickers: MORN
TL;DR
MORN dropped an 8-K on 7/24 with financial results and exhibits. Check it out.
AI Summary
On July 24, 2024, Morningstar, Inc. filed an 8-K report detailing its financial results and other material information. The filing includes financial statements and exhibits related to its operations. The company is incorporated in Illinois and its principal executive offices are located at 22 West Washington Street, Chicago, IL.
Why It Matters
This 8-K filing provides investors with crucial, up-to-date information on Morningstar's financial performance and operational status, impacting investment decisions.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of financial information and does not appear to contain any new or unusual risks.
Key Players & Entities
- Morningstar, Inc. (company) — Registrant
- Illinois (location) — State of incorporation
- 22 West Washington Street (location) — Principal executive offices address
- Chicago (location) — City of principal executive offices
- July 24, 2024 (date) — Date of earliest event reported
FAQ
What is the primary purpose of this 8-K filing by Morningstar, Inc.?
The primary purpose is to report on its Results of Operations and Financial Condition, Regulation FD Disclosure, and Financial Statements and Exhibits as of July 24, 2024.
When was the earliest event reported in this filing?
The earliest event reported was on July 24, 2024.
What is Morningstar, Inc.'s principal executive office address?
Morningstar, Inc.'s principal executive offices are located at 22 West Washington Street, Chicago, Illinois, 60602.
In which state was Morningstar, Inc. incorporated?
Morningstar, Inc. was incorporated in Illinois.
What is the SEC file number for Morningstar, Inc.?
The SEC file number for Morningstar, Inc. is 000-51280.
Filing Stats: 1,287 words · 5 min read · ~4 pages · Grade level 13.1 · Accepted 2024-07-24 18:31:11
Filing Documents
- morn-20240724.htm (8-K) — 37KB
- exhibit991-pressrelease_06.htm (EX-99.1) — 455KB
- morningstar_q2x2024xsupp.htm (EX-99.2) — 29KB
- shareholderletter-q224fi.htm (EX-99.3) — 15KB
- investorfaq-updatedjuly2.htm (EX-99.4) — 13KB
- image_0.jpg (GRAPHIC) — 4KB
- image_1.jpg (GRAPHIC) — 16KB
- investorfaq-updatedjuly2001.jpg (GRAPHIC) — 224KB
- investorfaq-updatedjuly2002.jpg (GRAPHIC) — 223KB
- investorfaq-updatedjuly2003.jpg (GRAPHIC) — 39KB
- morningstar_q2x2024xsupp001.jpg (GRAPHIC) — 393KB
- morningstar_q2x2024xsupp002.jpg (GRAPHIC) — 327KB
- morningstar_q2x2024xsupp003.jpg (GRAPHIC) — 238KB
- morningstar_q2x2024xsupp004.jpg (GRAPHIC) — 375KB
- morningstar_q2x2024xsupp005.jpg (GRAPHIC) — 415KB
- morningstar_q2x2024xsupp006.jpg (GRAPHIC) — 394KB
- morningstar_q2x2024xsupp007.jpg (GRAPHIC) — 307KB
- morningstar_q2x2024xsupp008.jpg (GRAPHIC) — 456KB
- morningstar_q2x2024xsupp009.jpg (GRAPHIC) — 475KB
- morningstar_q2x2024xsupp010.jpg (GRAPHIC) — 357KB
- morningstar_q2x2024xsupp011.jpg (GRAPHIC) — 137KB
- shareholderletter-q224fi001.jpg (GRAPHIC) — 190KB
- shareholderletter-q224fi002.jpg (GRAPHIC) — 210KB
- shareholderletter-q224fi003.jpg (GRAPHIC) — 146KB
- shareholderletter-q224fi004.jpg (GRAPHIC) — 92KB
- 0001289419-24-000055.txt ( ) — 7664KB
- morn-20240724.xsd (EX-101.SCH) — 2KB
- morn-20240724_def.xml (EX-101.DEF) — 14KB
- morn-20240724_lab.xml (EX-101.LAB) — 24KB
- morn-20240724_pre.xml (EX-101.PRE) — 15KB
- morn-20240724_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On July 24, 2024, Morningstar, Inc. (the "Company" or "we") issued a press release announcing its financial results for the second quarter ended June 30, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. Additionally, on July 24, 2024, the Company published a Supplemental Presentation. A copy of the Supplemental Presentation is attached hereto as Exhibit 99.2 and incorporated herein by reference. The Press Release and Supplemental Presentation shall each be deemed furnished, not filed, for purposes of this Current Report on Form 8-K (this "Report").
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On July 24, 2024, the Company published a Shareholder Letter. The Shareholder Letter is included as Exhibit 99.3 to this Report and incorporated herein by reference. The Shareholder Letter shall be deemed furnished, not filed, for purposes of this Report. Additionally, on July 24, 2024, the Company published updated questions and answers ("Updated Q&A") regarding the previously announced transaction between the Company and AssetMark, Inc. ("AssetMark"), pursuant to which AssetMark will acquire all of the client advisory agreements associated with the Company's U.S. turnkey asset management platform (the "Transaction"). A copy of the Updated Q&A is included as Exhibit 99.4 to this Report and incorporated herein by reference. The Updated Q&A shall be deemed furnished, not filed, for purposes of this Report. The information set forth under Item 2.02, "Results of Operations and Financial Condition" is incorporated herein by reference. Information or documents on the Company's website referred to in this Report or in the exhibits to this Report are not incorporated by reference into this Report. Cautionary Note Regarding Forward-Looking Statements This Report 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 consider," "estimate," "forecast," "future," "goal," "designed to," "maintain," "may," "objective," "ongoing," "could," "expect," "intend," "plan," "possible," "potential," "anticipate," "believe," "predict," "continue," "strategy," "strive," "will," "would," "determine," "evaluate," or the negative thereof, and similar expressions. These statements involve known and unknown risks and uncertainties that may cause the e
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 99.1 Press Release dated July 24, 2024. 99.2 Supplemental Presentation dated July 24, 2024. 99.3 Shareholder Letter dated July 24, 2024. 99.4 Updated Q&A dated July 24, 2024. 104 The cover page from this Current Report on Form 8-K formatted in Inline XBRL (included as Exhibit 101). _____________________________________________________________________________________ 3
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. MORNINGSTAR, INC. Date: July 24, 2024 By:/s/ Jason Dubinsky Name: Jason Dubinsky Title: Chief Financial Officer 4