Transocean Ltd. Changes Fiscal Year End
Ticker: RIG · Form: 8-K · Filed: Aug 20, 2024 · CIK: 1451505
Sentiment: neutral
Topics: reporting-change, fiscal-year
TL;DR
Transocean is shifting its fiscal year end from Dec 31 to June 30, starting June 30, 2024. Expect reporting changes.
AI Summary
On August 20, 2024, Transocean Ltd. filed an 8-K report detailing a change in its fiscal year end from December 31 to June 30, effective June 30, 2024. This change will impact future financial reporting periods. The company is incorporated in Switzerland and its principal executive offices are located in Steinhausen.
Why It Matters
This change in fiscal year end will alter the timing and structure of Transocean's financial reporting, potentially affecting how investors analyze its performance over specific periods.
Risk Assessment
Risk Level: low — This filing is administrative and concerns a change in reporting periods, not a material financial event or operational change.
Key Players & Entities
- Transocean Ltd. (company) — Registrant
- August 20, 2024 (date) — Date of report
- August 15, 2024 (date) — Date of earliest event reported
- June 30, 2024 (date) — Effective date of fiscal year end change
- December 31 (date) — Previous fiscal year end
- Switzerland (location) — Jurisdiction of incorporation
- Steinhausen (location) — Principal executive offices location
FAQ
What is the new fiscal year end for Transocean Ltd.?
The new fiscal year end for Transocean Ltd. is June 30, effective June 30, 2024.
When was this change reported?
This change was reported on August 20, 2024.
What was the previous fiscal year end?
The previous fiscal year end was December 31.
In which country is Transocean Ltd. incorporated?
Transocean Ltd. is incorporated in Switzerland.
What is the address of Transocean's principal executive offices?
The address of Transocean's principal executive offices is Turmstrasse 30, Steinhausen, Switzerland, CH-6312.
Filing Stats: 506 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2024-08-20 16:34:53
Key Financial Figures
- $0.10 — xchange on which registered: Shares , $0.10 par value RIG New York Stock Exchan
Filing Documents
- rig-20240820x8k.htm (8-K) — 38KB
- rig-20240820xex3d1.htm (EX-3.1) — 123KB
- 0001451505-24-000117.txt ( ) — 304KB
- rig-20240820.xsd (EX-101.SCH) — 4KB
- rig-20240820_def.xml (EX-101.DEF) — 3KB
- rig-20240820_lab.xml (EX-101.LAB) — 17KB
- rig-20240820_pre.xml (EX-101.PRE) — 10KB
- rig-20240820x8k_htm.xml (XML) — 5KB
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 . Effective August 15, 2024, the Organizational Regulations (as amended, the "Organizational Regulations") of Transocean Ltd. (the "Company") were amended by the Company's Board of Directors to reflect the combination of the Health, Safety, Environment & Sustainability Committee and the Corporate Governance Committee into the Governance, Safety & Environment Committee and to provide updates to Section 3.06(a) of the Organizational Regulations in relation to Attendance Quorum, Resolutions and Minutes. The foregoing description of the Organizational Regulations does not purport to be complete and is qualified in its entirety by reference to the full text of the Organizational Regulations, a copy of which is filed herewith as Exhibit 3.1 and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No . Description 3.1 Organizational Regulations dated August 15, 2024 101 Interactive data files pursuant to Rule 405 of Regulation S-T formatted in Inline Extensible Business Reporting Language 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. TRANSOCEAN LTD. Date: August 20, 2024 By: /s/ Daniel Ro-Trock Daniel Ro-Trock Authorized Person