Warner Music Group Files 8-K/A Amendment
Ticker: WMG · Form: 8-K/A · Filed: Sep 19, 2024 · CIK: 1319161
| Field | Detail |
|---|---|
| Company | Warner Music Group Corp. (WMG) |
| Form Type | 8-K/A |
| Filed Date | Sep 19, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $200 million, $140 million, $105 million, $85 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, restructuring, financial-update
Related Tickers: WMG
TL;DR
WMG filed an 8-K/A amendment on Feb 7, 2024, updating exit/disposal costs.
AI Summary
Warner Music Group Corp. filed an amendment (8-K/A) on February 7, 2024, to report on costs associated with exit or disposal activities. The filing details the company's principal executive offices located at 1633 Broadway, New York, NY 10019, and its telephone number is (212) 275-2000. This amendment was filed as of September 19, 2024.
Why It Matters
This filing provides updated information regarding Warner Music Group's financial activities related to restructuring or asset disposals, which can impact investor understanding of the company's operational efficiency and future financial health.
Risk Assessment
Risk Level: low — The filing is an amendment to a previous report and primarily provides updated administrative and financial details without introducing new material risks.
Key Players & Entities
- Warner Music Group Corp. (company) — Registrant
- February 7, 2024 (date) — Earliest event reported date
- 1633 Broadway, New York, NY 10019 (location) — Principal executive offices
- 212-275-2000 (phone_number) — Registrant's telephone number
- September 19, 2024 (date) — Filing date as of
FAQ
What is the primary purpose of this 8-K/A filing for Warner Music Group Corp.?
The primary purpose is to report on costs associated with exit or disposal activities, as indicated by the 'Item Information' section.
When was the earliest event reported in this filing?
The earliest event reported was on February 7, 2024.
What is the principal executive office address for Warner Music Group Corp.?
The principal executive offices are located at 1633 Broadway, New York, NY 10019.
What is the telephone number for Warner Music Group Corp.?
The telephone number, including area code, is (212) 275-2000.
What is the filing date as of for this amendment?
The filing is dated as of September 19, 2024.
Filing Stats: 1,251 words · 5 min read · ~4 pages · Grade level 15 · Accepted 2024-09-19 17:02:00
Key Financial Figures
- $0.001 — which registered Class A Common Stock, $0.001 par value per share WMG The Nasdaq
- $200 million — e pre-tax cost savings of approximately $200 million on an annualized run-rate basis by the
- $140 million — urring pre-tax charges of approximately $140 million or approximately $105 million of total
- $105 million — oximately $140 million or approximately $105 million of total non-recurring after-tax charge
- $85 million — pre-tax charges included approximately $85 million of severance payments and other related
- $55 million — ted termination costs and approximately $55 million of non-cash impairment charges primaril
- $120 million — ssociated with the Plan — approximately $120 million of total non-recurring pre-tax charges
- $90 million — urring pre-tax charges or approximately $90 million of total after-tax charges — to be incu
- $65 million — pre-tax charges included approximately $65 million in severance payments and other termina
- $35 million — of fiscal year 2025, with approximately $35 million of those payments and costs expected to
- $260 m — e pre-tax cost savings of approximately $260 million, a significant majority of which
- $210 million — urring pre-tax charges of approximately $210 million or approximately $135 million of total
- $135 million — oximately $210 million or approximately $135 million of total non-recurring after-tax charge
- $150 million — d pre-tax charges include approximately $150 million of severance payments and other termina
- $5 million — ayments and other termination costs and $5 million of other non-cash charges, along with t
Filing Documents
- d872421d8ka.htm (8-K/A) — 30KB
- 0001193125-24-222169.txt ( ) — 151KB
- wmg-20240207.xsd (EX-101.SCH) — 2KB
- wmg-20240207_lab.xml (EX-101.LAB) — 17KB
- wmg-20240207_pre.xml (EX-101.PRE) — 11KB
- d872421d8ka_htm.xml (XML) — 4KB
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. WARNER MUSIC GROUP CORP. Date: September 19, 2024 By: /s/ Bryan Castellani Name: Bryan Castellani Title: Executive Vice President and Chief Financial Officer