8-KEarnings & ResultsLeadership ChangesExhibits & Filings

FORD MOTOR CO 8-K Report, Financial Results (Nov 7, 2008)

Filed November 7, 2008For Securities:FF-PCF-PDF-PB

Summary

This 8-K filing from Ford Motor Company, filed on November 7, 2008, primarily serves as a notification regarding the upcoming release of preliminary third quarter 2008 financial results. Ford announced two conference calls scheduled for November 7, 2008, to discuss these results with the investment community and fixed income analysts. The company also indicated that its earnings news release, filed as Exhibit 99, will provide insights into revenue and profits excluding special items, which Ford believes are more indicative of ongoing operating activities and useful for investors. In addition to the financial results, the filing highlights a significant compensation decision: the elimination of performance bonuses for salaried employees, including executive officers, for the 2008 fiscal year. This decision reflects the challenging economic environment and likely aims to conserve cash or align executive compensation with company performance under difficult conditions. Investors are encouraged to review the full earnings release and listen to the conference calls for a comprehensive understanding of Ford's current financial health and strategic outlook.

Key Highlights

  • 1Ford announced preliminary third quarter 2008 financial results to be released on November 7, 2008.
  • 2Two conference calls are scheduled for November 7, 2008, one for the general investment community and another specifically for fixed income analysts.
  • 3The company will provide insights into revenue and profits 'excluding special items,' which are considered more representative of ongoing operations.
  • 4Performance bonuses for all salaried employees, including principal executive and financial officers, have been eliminated for 2008.
  • 5The earnings news release, filed as Exhibit 99, contains the detailed preliminary financial information.
  • 6Webcast and replay options for the conference calls are available on Ford's investor relations website.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce that Ford Motor Company will be releasing its preliminary third quarter 2008 financial results on November 7, 2008, and to provide details about the conference calls and webcast where these results will be discussed.

Ford's earnings release will discuss revenue and profits excluding special items. The company believes these 'non-GAAP' measures are useful for investors as they exclude items not considered indicative of ongoing operating activities, providing a more relevant view of the company's operational performance.

Ford has decided to eliminate performance bonuses for all salaried employees, including its principal executive and financial officers, for the 2008 fiscal year. This applies to the Annual Incentive Compensation Plan.

Investors can find detailed preliminary financial information in Ford's Earnings News Release dated November 7, 2008, filed as Exhibit 99 to this 8-K. They can also access a listen-only webcast and supporting presentation materials on www.shareholder.ford.com and listen to replays of the conference calls.