Summary
The Bank of New York Mellon Corporation (BK) filed an 8-K on October 17, 2012, to report its third-quarter 2012 financial results. The filing primarily consists of a press release (Exhibit 99.1) that details the company's operational performance and financial condition for the quarter ended September 30, 2012. Investors should note that while the press release provides key financial information, it includes non-GAAP financial measures. Management believes these measures are valuable for understanding ongoing operational trends and for comparison with historical performance, as well as for evaluating revenue from both taxable and tax-exempt sources. The filing explicitly states that the press release is furnished, not filed, and is not incorporated by reference into other SEC filings, emphasizing the non-public nature of the information until this release.
Key Highlights
- 1BK reported its third-quarter 2012 results on October 17, 2012, via an 8-K filing.
- 2The core of the filing is a press release (Exhibit 99.1) containing the financial results.
- 3The press release announces results of operations for the third quarter of 2012.
- 4The company utilizes non-GAAP financial measures in its reporting, which are explained as useful for performance analysis.
- 5Management believes these non-GAAP measures aid in comparing current performance to prior periods and understanding operational trends.
- 6The presentation of results allows investors to evaluate revenue from both taxable and tax-exempt sources.
- 7The press release is furnished as an exhibit and is not considered 'filed' for purposes of Section 18 of the Exchange Act.