Corning Inc. Files 8-K on Stock and Debt Notes
Ticker: GLW · Form: 8-K · Filed: Sep 3, 2024 · CIK: 24741
Sentiment: neutral
Topics: debt, stock, disclosure
TL;DR
Corning filed an 8-K confirming stock details and its 2026/2031 notes.
AI Summary
On September 3, 2024, Corning Incorporated filed an 8-K report to disclose information regarding its common stock and outstanding notes. The filing confirms details about its common stock with a par value of $0.50 per share and its 3.875% notes due in 2026 and 4.125% notes due in 2031.
Why It Matters
This filing provides essential details about Corning's capital structure, including its common stock and outstanding debt, which is important for investors assessing the company's financial health and obligations.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of existing financial instruments and does not indicate new risks or significant changes.
Key Numbers
- 3.875% — Interest Rate on Notes Due 2026 (Details of outstanding debt)
- 4.125% — Interest Rate on Notes Due 2031 (Details of outstanding debt)
- $0.50 — Par Value of Common Stock (Capital structure information)
Key Players & Entities
- Corning Incorporated (company) — Registrant
- 3.875% notes due 2026 (dollar_amount) — Outstanding debt
- 4.125% notes due 2031 (dollar_amount) — Outstanding debt
- $0.50 (dollar_amount) — Par value per share of common stock
FAQ
What is the par value of Corning Incorporated's common stock?
The par value of Corning Incorporated's common stock is $0.50 per share.
What are the maturity dates for the two series of notes mentioned in the filing?
The filing mentions notes due in 2026 and notes due in 2031.
What are the stated interest rates for the notes due 2026 and 2031?
The notes due 2026 have an interest rate of 3.875%, and the notes due 2031 have an interest rate of 4.125%.
What type of filing is this for Corning Incorporated?
This is a Form 8-K Current Report filed pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934.
When was this 8-K filing submitted?
The filing was submitted on September 3, 2024.
Filing Stats: 535 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-09-03 10:53:09
Key Financial Figures
- $0.50 — nge on which registered Common Stock, $0.50 par value per share GLW New York St
Filing Documents
- glw4372761-8k.htm (8-K) — 25KB
- 0001206774-24-000883.txt ( ) — 249KB
- glw-20240903.xsd (EX-101.SCH) — 4KB
- glw-20240903_pre.xml (EX-101.PRE) — 27KB
- glw-20240903_lab.xml (EX-101.LAB) — 36KB
- glw-20240903_def.xml (EX-101.DEF) — 29KB
- glw4372761-8k_htm.xml (XML) — 7KB
01
Item 7.01 Regulation FD Disclosure. As previously disclosed, on September 5, 2024, Edward A. Schlesinger, Executive Vice President and Chief Financial Officer of Corning Incorporated, will be speaking at the Citi 2024 Global TMT Conference, starting at 9:10 AM (ET). Mr. Schlesinger will be providing business updates. A live audio webcast of the presentation will be available on investor.corning.com under Events & Presentations. A replay and transcript of the webcast will be available for 12 months following the presentation. The information furnished pursuant to Item 7.01 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to liabilities under that section and shall not be deemed to be incorporated by reference into any document filed under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
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. CORNING INCORPORATED By: /s/ Linda E. Jolly Name: Linda E. Jolly Title: Vice President and Corporate Secretary Date: September 3, 2024