Snap Inc. Files 8-K on Operations and Other Events
Ticker: SNAP · Form: 8-K · Filed: Oct 29, 2024 · CIK: 1564408
| Field | Detail |
|---|---|
| Company | Snap Inc (SNAP) |
| Form Type | 8-K |
| Filed Date | Oct 29, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.00001, $500 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, financial-condition, operations-update
Related Tickers: SNAP
TL;DR
SNAP filed an 8-K for operations update - details TBD.
AI Summary
Snap Inc. filed an 8-K on October 29, 2024, to report on its results of operations and financial condition, as well as other events. The filing does not contain specific financial figures or details about the 'other events' at this time.
Why It Matters
This 8-K filing indicates that Snap Inc. is providing updates on its financial performance and other significant corporate developments to the SEC and the public.
Risk Assessment
Risk Level: low — The filing is a standard disclosure and does not contain immediate negative or positive news, making the risk level low.
Key Players & Entities
- Snap Inc. (company) — Registrant
- October 29, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- 3000 31st Street Santa Monica, California 90405 (address) — Principal Executive Offices
FAQ
What specific information is being reported regarding Snap Inc.'s results of operations and financial condition?
The filing indicates that Snap Inc. is reporting on its results of operations and financial condition, but the specific details and figures are not provided in the initial summary of the 8-K.
What are the 'Other Events' that Snap Inc. is reporting?
The 8-K filing lists 'Other Events' as a category of information being reported, but the nature of these events is not detailed in the provided text.
When was this 8-K filing submitted to the SEC?
The filing was submitted on October 29, 2024.
What is Snap Inc.'s principal executive office address?
Snap Inc.'s principal executive offices are located at 3000 31st Street, Santa Monica, California 90405.
What is Snap Inc.'s fiscal year end?
Snap Inc.'s fiscal year ends on December 31.
Filing Stats: 652 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-10-29 16:12:11
Key Financial Figures
- $0.00001 — stered Class A Common Stock, par value $0.00001 per share SNAP New York Stock Exchange
- $500 million — zed a stock repurchase program of up to $500 million of its Class A common stock. Repurchase
Filing Documents
- snap-20241029.htm (8-K) — 29KB
- snap-20241029xexx991pressr.htm (EX-99.1) — 591KB
- investorletter_q3-24.htm (EX-99.2) — 37KB
- investorletter_q3-24001.jpg (GRAPHIC) — 50KB
- investorletter_q3-24002.jpg (GRAPHIC) — 252KB
- investorletter_q3-24003.jpg (GRAPHIC) — 271KB
- investorletter_q3-24004.jpg (GRAPHIC) — 256KB
- investorletter_q3-24005.jpg (GRAPHIC) — 244KB
- investorletter_q3-24006.jpg (GRAPHIC) — 241KB
- investorletter_q3-24007.jpg (GRAPHIC) — 251KB
- investorletter_q3-24008.jpg (GRAPHIC) — 178KB
- investorletter_q3-24009.jpg (GRAPHIC) — 29KB
- investorletter_q3-24010.jpg (GRAPHIC) — 353KB
- investorletter_q3-24011.jpg (GRAPHIC) — 165KB
- investorletter_q3-24012.jpg (GRAPHIC) — 156KB
- 0001564408-24-000058.txt ( ) — 4217KB
- snap-20241029.xsd (EX-101.SCH) — 2KB
- snap-20241029_def.xml (EX-101.DEF) — 6KB
- snap-20241029_lab.xml (EX-101.LAB) — 25KB
- snap-20241029_pre.xml (EX-101.PRE) — 16KB
- snap-20241029_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On October 29, 2024, Snap Inc. reported financial results for the three and nine months ended September 30, 2024. A copy of the press release and the investor letter are furnished as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K and incorporated by reference. The press release and investor letter are furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information shall not be deemed incorporated by reference into any other filing with the Securities and Exchange Commission made by Snap Inc., whether made before or after today's date, regardless of any general incorporation language in such filing.
01 Other Events
Item 8.01 Other Events. On October 29, 2024, Snap Inc. announced its board of directors has authorized a stock repurchase program of up to $500 million of its Class A common stock. Repurchases of Class A common stock may be made from time to time, either through open market transactions (including through Rule 10b5-1 trading plans) or through privately negotiated transactions in accordance with applicable securities laws. Repurchases under the program have been authorized for 12 months but the program may be initiated, modified, suspended, or terminated at any time during such period. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press release dated October 29, 2024. 99.2 Investor Letter dated October 29, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
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. SNAP INC. Date: October 29, 2024 By: /s/ Derek Andersen Derek Andersen Chief Financial Officer 2