VeriSign Files 8-K on Financial Condition, Operations

TL;DR

**VeriSign just dropped an 8-K with new financial info, so watch for potential stock movement.**

AI Summary

VeriSign, Inc. filed an 8-K on February 8, 2024, to report an event related to its results of operations and financial condition, as well as to furnish financial statements and exhibits. This filing indicates that the company is providing updated financial information, which is crucial for investors to assess the company's recent performance and make informed decisions about buying or holding VRSN stock.

Why It Matters

This filing signals that VeriSign is releasing new financial data, which can directly impact investor sentiment and the stock price as it provides a fresh look at the company's health.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial information, not indicating any immediate adverse events or significant changes in company strategy.

Analyst Insight

A smart investor would look for the specific financial statements and results of operations that this 8-K refers to, likely filed concurrently or shortly after, to understand the detailed financial performance and its implications for VeriSign's valuation.

Key Players & Entities

• VERISIGN INC/CA (company) — the registrant filing the 8-K
• February 8, 2024 (date) — the date of the earliest event reported in the 8-K
• 000-23593 (number) — VeriSign's Commission File Number
• 94-3221585 (number) — VeriSign's IRS Employer Identification No.
• VRSN (company) — VeriSign's trading symbol on Nasdaq Global Select Market

FAQ

From the Filing

0001014473-24-000002.txt : 20240208 0001014473-24-000002.hdr.sgml : 20240208 20240208160649 ACCESSION NUMBER: 0001014473-24-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240208 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240208 DATE AS OF CHANGE: 20240208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VERISIGN INC/CA CENTRAL INDEX KEY: 0001014473 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] ORGANIZATION NAME: 06 Technology IRS NUMBER: 943221585 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23593 FILM NUMBER: 24609023 BUSINESS ADDRESS: STREET 1: 12061 BLUEMONT WAY STREET 2: ATTN: GENERAL COUNSEL CITY: RESTON STATE: VA ZIP: 20190 BUSINESS PHONE: 7039483200 MAIL ADDRESS: STREET 1: 12061 BLUEMONT WAY STREET 2: ATTN: GENERAL COUNSEL CITY: RESTON STATE: VA ZIP: 20190 8-K 1 vrsn-20240208.htm 8-K vrsn-20240208 VERISIGN INC/CA 0001014473 false 0001014473 2024-02-08 2024-02-08 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 8, 2024 VERISIGN, INC. (Exact Name of Registrant as Specified in its Charter) Delaware (State or Other Jurisdiction of Incorporation) 000-23593 94-3221585 (Commission File Number) (IRS Employer Identification No.) 12061 Bluemont Way,   Reston, Virginia 20190 (Address of principal executive offices)   (Zip Code) ( 703 ) 948-3200 (Registrant’s Telephone Number, Including Area Code) Not applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 Par Value Per Share VRSN Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 2.02. Results of Operations and Financial Condition. On February 8, 2024, VeriSign, Inc. (the “Company”) announced its financial results for the fiscal quarter and year ended December 31, 2023. A copy of this press release is attached hereto as Exhibit 99.1. The Company is required to disclose annually the following non-guarantor subsidiary financial information pursuant to section 4.2(d) of the indentures governing the Company’s senior notes due 2025 and 2027: As of December 31, 2023, the Company’s non-guarantor subsidiaries collectively had (1) liabilities (excluding intercompany liabilities) of $467.0 million (14.0% of the Company’s consolidated total liabilities), of which $395.4 million were deferred revenues, (2) assets (excluding interc