Morningstar Files 8-K: Corporate Updates and Financials

TL;DR

Morningstar dropped an 8-K with financial results, exec changes, and other key corporate news.

AI Summary

On October 23, 2024, Morningstar, Inc. filed an 8-K report detailing significant corporate events. The filing includes information regarding the company's results of operations and financial condition, the departure and election of directors, the appointment of officers, and compensatory arrangements. It also covers Regulation FD disclosures and financial statements and exhibits.

Why It Matters

This 8-K filing provides crucial updates on Morningstar's financial performance and executive leadership, which are key indicators for investors assessing the company's stability and future direction.

Risk Assessment

Risk Level: medium — The filing contains information about financial results and executive changes, which can impact stock price and investor confidence.

Key Players & Entities

• Morningstar, Inc. (company) — Registrant
• October 23, 2024 (date) — Date of earliest event reported
• 22 West Washington Street Chicago, Illinois 60602 (address) — Principal executive offices
• (312) 696-6000 (phone_number) — Registrant's telephone number

FAQ

Filing Documents

• morn-20241023.htm (8-K) — 37KB
• exhibit991-pressrelease_09.htm (EX-99.1) — 463KB
• morningstar_q3x2024xsupp.htm (EX-99.2) — 29KB
• jddeparturepressrelease.htm (EX-99.3) — 6KB
• shareholderletterq324fin.htm (EX-99.4) — 17KB
• image_0a.jpg (GRAPHIC) — 4KB
• image_1a.jpg (GRAPHIC) — 16KB
• jddeparturepressrelease001.jpg (GRAPHIC) — 190KB
• jddeparturepressrelease002.jpg (GRAPHIC) — 139KB
• morningstar_q3x2024xsupp001.jpg (GRAPHIC) — 395KB
• morningstar_q3x2024xsupp002.jpg (GRAPHIC) — 350KB
• morningstar_q3x2024xsupp003.jpg (GRAPHIC) — 233KB
• morningstar_q3x2024xsupp004.jpg (GRAPHIC) — 368KB
• morningstar_q3x2024xsupp005.jpg (GRAPHIC) — 385KB
• morningstar_q3x2024xsupp006.jpg (GRAPHIC) — 379KB
• morningstar_q3x2024xsupp007.jpg (GRAPHIC) — 304KB
• morningstar_q3x2024xsupp008.jpg (GRAPHIC) — 433KB
• morningstar_q3x2024xsupp009.jpg (GRAPHIC) — 468KB
• morningstar_q3x2024xsupp010.jpg (GRAPHIC) — 349KB
• morningstar_q3x2024xsupp011.jpg (GRAPHIC) — 134KB
• shareholderletterq324fin001.jpg (GRAPHIC) — 209KB
• shareholderletterq324fin002.jpg (GRAPHIC) — 224KB
• shareholderletterq324fin003.jpg (GRAPHIC) — 170KB
• shareholderletterq324fin004.jpg (GRAPHIC) — 91KB
• 0001289419-24-000107.txt ( ) — 7422KB
• morn-20241023.xsd (EX-101.SCH) — 2KB
• morn-20241023_def.xml (EX-101.DEF) — 14KB
• morn-20241023_lab.xml (EX-101.LAB) — 24KB
• morn-20241023_pre.xml (EX-101.PRE) — 15KB
• morn-20241023_htm.xml (XML) — 3KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On October 23, 2024, Morningstar, Inc. (the "Company" or "we") issued a press release announcing its financial results for the third quarter ended September 30, 2024 (the "Earnings Release"). A copy of the Earnings Release is attached hereto as Exhibit 99.1 and incorporated herein by reference. Additionally, on October 23, 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 Earnings Release and Supplemental Presentation shall each be deemed furnished, not filed, for purposes of this Current Report on Form 8-K (this "Report"). Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 23, 2024, the Company announced that Jason Dubinsky, chief financial officer, will be stepping down from his role with the company effective December 31, 2024, after which he will serve in a consulting capacity through June 30, 2025. A copy of the press release is filed as Exhibit 99.3 to this Report and is incorporated herein by reference.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On October 23, 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. 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 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 and index businesses; fail

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 99.1 Earnings Release dated October 23, 2024. 99.2 Supplemental Presentation dated October 23, 2024. 99.3 Press Release dated October 23, 2024. 99.4 Shareholder Letter dated October 23, 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: October 23, 2024 By:/s/ Jason Dubinsky Name: Jason Dubinsky Title: Chief Financial Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR