Summary
This 8-K filing from The Bank of New York Mellon Corporation (BK), dated January 18, 2012, primarily serves to announce the company's financial results for the full year and fourth quarter of 2011. The filing itself does not contain the detailed financial figures but rather references a press release (Exhibit 99.1) which was issued concurrently. Investors should refer to this press release for the specific operational and financial performance data. The company states that the press release may include non-GAAP financial measures, which management believes are crucial for understanding ongoing operational trends and facilitating comparisons with prior periods. These measures are also presented to help investors assess the impact of revenues from both taxable and tax-exempt sources. Therefore, the core value of this filing lies in its notification of the availability of these detailed results and management's perspective on their presentation.
Key Highlights
- 1BK filed an 8-K on January 18, 2012, to report its full year and Q4 2011 financial results.
- 2The detailed results are presented in a press release furnished as Exhibit 99.1 to the 8-K.
- 3The press release is the primary source for investors to find specific financial and operational data for the period.
- 4BK highlights that the press release may contain non-GAAP financial measures.
- 5Management believes these non-GAAP measures are useful for investors to analyze ongoing operations and compare performance across periods.
- 6The presentation of non-GAAP measures is intended to help investors evaluate the impact of revenues from both taxable and tax-exempt sources.