Walmart Amends Bylaws, Confirms Jan 31 Fiscal Year End
Ticker: WMT · Form: 8-K · Filed: Feb 23, 2024 · CIK: 104169
Sentiment: neutral
Topics: corporate-governance, bylaws, fiscal-year, debt
TL;DR
**Walmart just filed an 8-K about bylaw changes and confirmed its fiscal year ends January 31, nothing major for traders.**
AI Summary
Walmart Inc. filed an 8-K on February 23, 2024, to report amendments to its Articles of Incorporation or Bylaws and a change in its fiscal year. The company's fiscal year end is January 31. The filing also lists various notes due between 2026 and 2039, including 2.550% Notes Due 2026 and 5.625% Notes Due 2034, indicating ongoing debt management.
Why It Matters
Changes to corporate bylaws can impact governance and shareholder rights, while a consistent fiscal year end is crucial for financial reporting and comparability.
Risk Assessment
Risk Level: low — The filing primarily concerns administrative updates to corporate governance and fiscal year, with no immediate indication of significant financial or operational risks.
Key Players & Entities
- Walmart Inc. (company) — filer of the 8-K
- February 23, 2024 (date) — date of report
- January 31 (date) — fiscal year end
- 2.550% Notes Due 2026 (dollar_amount) — debt instrument
- 5.625% Notes Due 2034 (dollar_amount) — debt instrument
FAQ
What was the purpose of Walmart Inc.'s 8-K filing on February 23, 2024?
The 8-K filing by Walmart Inc. on February 23, 2024, was to report amendments to its Articles of Incorporation or Bylaws and a change in its fiscal year.
What is Walmart Inc.'s fiscal year end, as stated in the filing?
Walmart Inc.'s fiscal year end is January 31, as stated in the filing.
Does the filing mention any specific debt instruments?
Yes, the filing mentions several debt instruments, including 2.550% Notes Due 2026, 1.050% Notes Due 2026, 1.500% Notes Due 2028, 4.875% Notes Due 2029, 5.750% Notes Due 2030, 1.800% Notes Due 2031, 5.625% Notes Due 2034, 5.250% Notes Due 2035, and 4.875% Notes Due 2039.
What is Walmart Inc.'s Central Index Key (CIK)?
Walmart Inc.'s Central Index Key (CIK) is 0000104169.
What was Walmart Inc.'s former company name and when did it change?
Walmart Inc.'s former company name was WAL MART STORES INC, and the name change occurred on July 3, 1992.
Filing Stats: 728 words · 3 min read · ~2 pages · Grade level 9.5 · Accepted 2024-02-23 17:07:45
Key Financial Figures
- $0.10 — ich registered Common Stock, par value $0.10 per share WMT New York Stock Exchange
Filing Documents
- wmt-20240223.htm (8-K) — 37KB
- formxex31xcertificateofame.htm (EX-3.1) — 9KB
- 0000104169-24-000033.txt ( ) — 269KB
- wmt-20240223.xsd (EX-101.SCH) — 5KB
- wmt-20240223_def.xml (EX-101.DEF) — 19KB
- wmt-20240223_lab.xml (EX-101.LAB) — 41KB
- wmt-20240223_pre.xml (EX-101.PRE) — 20KB
- wmt-20240223_htm.xml (XML) — 10KB
03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. As previously announced, on January 30, 2024, the Board of Directors of Walmart Inc. (the "Company") authorized a 3-for-1 forward split (the "Stock Split") of its common stock, par value $0.10 per share (the "Common Stock"), to be effected through the filing of a Certificate of Amendment to the Company's Restated Certificate of Incorporation (the "Certificate of Amendment"). The Company filed the Certificate of Amendment after the close of trading on February 23, 2024, and it became effective upon acceptance of the filing by the Secretary of State of the State of Delaware (the "Effective Time"). The Certificate of Amendment effected the Stock Split and also proportionately increased the number of shares of authorized Common Stock from 11,000,000,000 to 33,000,000,000. Each holder of record of Common Stock as of the close of business on February 22, 2024 is expected receive two additional shares of Common Stock after the close of trading on February 23, 2024. The $0.10 par value per share remains unchanged. Trading in the Common Stock is expected to commence on a split-adjusted basis on February 26, 2024 . Based on 2,684,264,089 shares of Common Stock outstanding as of February 22, 2024, the Company calculates that there will be approximately 8,052,792,267 shares of Common Stock outstanding on February 23, 2024, after giving effect to the Stock Split, less any nominal amount of shares that may be repurchased on such date.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits The following documents are furnished as exhibits to this Current Report on Form 8-K: 3.1 Certificate of Amendment to the Restated Certificate of Incorporation of the Company, effective February 23, 2024 Exhibit 104 Cover Page Interactive Data File (formatted as Inline XBRL).
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. Dated: February 23, 2024 WALMART INC. By: /s/ Gordon Y. Allison Name: Gordon Y. Allison Title: Senior Vice President, Office of the Corporate Secretary, and Chief Counsel for Finance and Governance