8-KOther Events

AVALONBAY COMMUNITIES INC 8-K Report (Aug 14, 2002)

Filed August 14, 2002For Securities:AVB

Summary

This 8-K filing from AvalonBay Communities, Inc. (AVB), dated August 14, 2002, primarily serves to disclose the certifications made by the Chief Executive Officer and Chief Financial Officer regarding the company's Form 10-Q for the quarter ended June 30, 2002. These certifications, mandated by Section 906 of the Sarbanes-Oxley Act of 2002, attest to the accuracy and compliance of the financial information presented in the quarterly report. For investors, this filing indicates that AvalonBay is adhering to new, stricter regulatory requirements for financial reporting accuracy following the enactment of the Sarbanes-Oxley Act. While it doesn't introduce new financial data, it reinforces confidence in the integrity of the previously released Q2 2002 financial results and operational disclosures.

Key Highlights

  • 1Certification of accuracy for the Q2 2002 Form 10-Q by AVB's CEO and CFO.
  • 2Compliance with Section 906 of the Sarbanes-Oxley Act of 2002.
  • 3Confirmation that the Q2 2002 financial report complies with Exchange Act requirements.
  • 4Assurance that the Q2 2002 financial information fairly presents the company's condition and results.
  • 5Filings made on August 14, 2002, specifically referencing events on that date or earlier.
  • 6The filing is a standard Regulation FD Disclosure under Item 9 of Form 8-K.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose the certifications by AvalonBay Communities, Inc.'s Chief Executive Officer and Chief Financial Officer, confirming the accuracy and compliance of their quarterly report (Form 10-Q) for the period ended June 30, 2002, as required by Section 906 of the Sarbanes-Oxley Act of 2002.

No, this filing does not introduce new financial results or operational data. It solely pertains to the certifications regarding the accuracy and fairness of the financial information already presented in the company's Form 10-Q for the quarter ended June 30, 2002.

The Sarbanes-Oxley Act of 2002, specifically Section 906, imposed new requirements for CEO and CFO certifications regarding the accuracy of financial reports. This filing indicates that AvalonBay is complying with these new, enhanced corporate governance and financial reporting standards.

When the CEO and CFO certify that the financial information 'fairly presents, in all material respects, the financial condition and results of operations,' they are attesting that the reported financial statements accurately reflect the company's financial health and performance according to generally accepted accounting principles (GAAP) and are not misleading.