01—Abstract
Summary
Summary of the 8-K filed April 20, 2016. Cited figures are marked; the original filing is the authoritative source.
Liberty Media Corporation (FWONK) filed an 8-K on April 20, 2016, primarily to furnish unaudited financial information for its tracking stock groups for the years ended December 31, 2015, 2014, and 2013.
This information is being provided in advance of an investor meeting on April 21, 2016, focused on the proposed Liberty Braves Group. The data is supplementary as the company's most recent 10-K did not include this attributed tracking stock group information because the Liberty Braves tracking stock was established after the fiscal year end covered by that filing. Investors should note that the furnished financial information, attached as Exhibit 99.1, pertains to historical results of operations and financial condition for the periods ending December 31, 2015, 2014, and 2013.
Management, including CEO Greg Maffei and Atlanta Braves leadership, may discuss the financial performance and outlook of the Liberty Braves Group during the upcoming meeting. This filing is a procedural step to make relevant historical financial data available to the investment community concerning the proposed Braves tracking stock.
02—Key points
Key Highlights
- Liberty Media is providing supplementary unaudited financial data for its tracking stock groups.
- The financial information covers the years ended December 31, 2015, 2014, and 2013.
- This disclosure is in preparation for an investor meeting about the proposed Liberty Braves Group.
- The Liberty Braves tracking stock was created after the end of the fiscal year covered by the last 10-K, necessitating this supplementary filing.
- The unaudited financial information is included as Exhibit 99.1 to the 8-K.
- Management presentations at the upcoming investor meeting may include discussions on the financial performance and outlook of the Liberty Braves Group.
03—Questions
Frequently Asked Questions
Why is Liberty Media filing this 8-K with unaudited financial information?
This 8-K is being filed to provide investors with unaudited financial information for Liberty Media's tracking stock groups, specifically for the years ended December 31, 2015, 2014, and 2013. This data is supplementary because it was not included in the company's most recent Form 10-K, as the Liberty Braves tracking stock was established after that reporting period.
What is the purpose of the investor meeting mentioned in the filing?
The investor meeting, scheduled for April 21, 2016, is focused on the proposed Liberty Braves Group. Management will be presenting, and observations regarding the financial performance and outlook of this group, as well as the Atlanta Braves team performance, may be made.
Where can I find the detailed financial information mentioned in this filing?
The unaudited attributed financial information as of December 31, 2015, and 2014, and for the years ended December 31, 2015, 2014, and 2013, is attached as Exhibit 99.1 to this Form 8-K filing.
Does this filing contain the company's audited financial results for 2015?
No, this filing specifically provides unaudited attributed financial information for the tracking stock groups. The historical financial data furnished here is for informational purposes in advance of the investor meeting and is not a substitute for the company's audited financial statements which are reported in its Form 10-K filings.
04—Continue