Summary
This 8-K/A filing from Ford Motor Company is an amendment to a previous report, primarily correcting a typographical error in the presentation of Financial Services sector results. The error involved an "over/(under)" comparison for the sector, which should have been reported as $(226) million instead of $(26) million. The company held conference calls on April 24, 2008, to discuss preliminary first-quarter 2008 financial results with both the investment community and fixed-income analysts. These presentations, including webcast replays, were made available to investors. The filing also reiterates that the accompanying news release (Exhibit 99) presents financial performance excluding special items, a non-GAAP measure that Ford believes offers investors a more relevant view of ongoing operational results.
Key Highlights
- 1Amendment to a prior 8-K filing to correct a specific typographical error in the Financial Services sector's "over/(under)" comparison.
- 2The corrected figure for the Financial Services sector's "over/(under)" comparison is $(226) million, a significant revision from the previously reported $(26) million.
- 3Ford conducted conference calls on April 24, 2008, to review preliminary Q1 2008 financial results.
- 4Presentations were held for both the general investment community/news media and specifically for fixed-income analysts and investors.
- 5Webcast replays and supporting materials were made available online, along with phone replays for a limited time.
- 6The filing emphasizes the use of non-GAAP measures (revenue and pre-tax profits excluding special items) and explains their perceived utility for investors in assessing ongoing operational performance.
- 7The revised news release (Exhibit 99) is furnished as part of this amendment.