Summary
Entegris, Inc. (ENTG) has announced a significant change in its fiscal year reporting structure. Effective December 13, 2005, the company's Board of Directors approved the adoption of a calendar year fiscal year, which will now conclude on December 31st annually. This marks a shift from the previous fiscal year end, which was around August 26th. This change will impact how investors view the company's financial performance over distinct periods. Investors should note that a transition report for the stub period from August 27, 2005, to December 31, 2005, will be filed on a Form 10-Q. This transition period will be crucial for understanding the immediate financial snapshot as the company realigns its reporting calendar.
Key Highlights
- 1Entegris, Inc. is changing its fiscal year end to December 31st, aligning with the calendar year.
- 2The change was approved by the Board of Directors on December 13, 2005.
- 3The previous fiscal year end was approximately August 26th.
- 4A transition report covering the period from August 27, 2005, to December 31, 2005, will be filed on Form 10-Q.
- 5This change impacts how the company's financial results will be reported in future periods.
Frequently Asked Questions
The main change is that Entegris, Inc. has officially moved its fiscal year end to December 31st, adopting the calendar year for financial reporting purposes.
The change was approved by the Board of Directors on December 13, 2005, making it effective from that date.
A specific report covering the transition period, which runs from August 27, 2005, through December 31, 2005, will be filed on Form 10-Q.
Companies often change their fiscal year to align with industry norms, simplify reporting, improve comparability with competitors, or for other strategic operational reasons.