Marathon Petroleum Confirms Non-Emerging Growth Company Status
Ticker: MPC · Form: 8-K · Filed: Jan 31, 2024 · CIK: 1510295
| Field | Detail |
|---|---|
| Company | Marathon Petroleum CORP (MPC) |
| Form Type | 8-K |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, corporate-governance, compliance
TL;DR
**MPC is officially a big company, not an 'emerging growth' one, meaning more SEC rules and transparency.**
AI Summary
On January 26, 2024, Marathon Petroleum Corporation (MPC) filed an 8-K to report that it is not an emerging growth company. This filing clarifies its regulatory status, indicating it has met the revenue or public float thresholds to be considered a more established company. For investors, this means MPC is subject to full SEC reporting requirements, which generally provides more transparency and regulatory oversight compared to emerging growth companies.
Why It Matters
This filing confirms Marathon Petroleum is a mature company, subject to full SEC disclosure rules, which provides investors with more comprehensive financial and operational information.
Risk Assessment
Risk Level: low — This filing is a routine disclosure about the company's regulatory status and does not indicate any new operational or financial risks.
Analyst Insight
Investors should recognize that MPC's non-emerging growth status implies a higher level of regulatory scrutiny and transparency, which can be beneficial for due diligence.
Key Numbers
- $.01 — par value per share (Common Stock par value)
Key Players & Entities
- Marathon Petroleum Corporation (company) — the registrant filing the 8-K
- January 26, 2024 (date) — date of earliest event reported
- New York Stock Exchange (company) — exchange where MPC Common Stock is registered
- 001-35054 (dollar_amount) — Commission File Number
Forward-Looking Statements
- Marathon Petroleum will continue to be subject to full SEC reporting requirements. (Marathon Petroleum Corporation) — high confidence, target: Ongoing
FAQ
What is the purpose of Marathon Petroleum Corporation's 8-K filing dated January 26, 2024?
The 8-K filing by Marathon Petroleum Corporation on January 26, 2024, serves to indicate that the registrant is not an emerging growth company, as defined by Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act.
What is Marathon Petroleum Corporation's trading symbol and on which exchange is its common stock registered?
Marathon Petroleum Corporation's trading symbol is MPC, and its Common Stock, with a par value of $.01, is registered on the New York Stock Exchange.
What is the business address and phone number of Marathon Petroleum Corporation as stated in the filing?
The business address of Marathon Petroleum Corporation is 539 South Main Street, Findlay, Ohio 45840, and its telephone number is (419) 422-2121.
What is the state of incorporation for Marathon Petroleum Corporation?
Marathon Petroleum Corporation is incorporated in Delaware.
What is the significance of a company not being an 'emerging growth company'?
A company not being an 'emerging growth company' means it is subject to more extensive regulatory requirements and disclosures under the Securities Act of 1933 and the Securities Exchange Act of 1934, as it has surpassed certain thresholds related to revenue or public float.
Filing Stats: 521 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-01-31 16:21:17
Filing Documents
- mpc-20240126.htm (8-K) — 24KB
- 0001510295-24-000008.txt ( ) — 147KB
- mpc-20240126.xsd (EX-101.SCH) — 2KB
- mpc-20240126_lab.xml (EX-101.LAB) — 24KB
- mpc-20240126_pre.xml (EX-101.PRE) — 12KB
- mpc-20240126_htm.xml (XML) — 3KB
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. Marathon Petroleum Corporation Date: January 31, 2024 By: /s/ Molly R. Benson Name: Molly R. Benson Title: Chief Legal Officer and Corporate Secretary