Summary
This 8-K filing by The Bank of New York Mellon Corporation (BK) on July 25, 2013, primarily serves to re-file a press release previously issued on July 17, 2013. This press release details the company's operational results for the second quarter of 2013. The filing emphasizes that this information is now considered 'filed' under the Securities Exchange Act of 1934, meaning it is subject to the full reporting requirements and liability provisions of the Act, and is incorporated by reference into future BK filings that reference this 8-K. Investors should note that the press release contains non-GAAP financial measures, which management believes are useful for analyzing ongoing operational results and trends, facilitating period-to-period comparisons, and providing a clearer view of performance drivers. While these measures offer management's perspective on performance, investors should always refer to the GAAP reconciliations and consider the full financial statements for a complete understanding.
Key Highlights
- 1BK is refiling its July 17, 2013 press release announcing Q2 2013 earnings results via an 8-K filing on July 25, 2013.
- 2The press release provides information on the company's operational results for the second quarter of 2013.
- 3The information in this 8-K is now officially 'filed' under the Securities Exchange Act of 1934.
- 4The filing incorporates the press release by reference into future BK filings that cite this 8-K.
- 5The press release includes non-GAAP financial measures, which management finds useful for performance analysis.
- 6Management believes these non-GAAP measures aid in comparing current results to prior periods and assessing ongoing operations.
- 7The presentation of non-GAAP measures is intended to allow investors to better evaluate the impact of revenues from both taxable and tax-exempt sources.