Summary
This 8-K filing from Corning Inc./NY (GLW) on July 22, 1996, primarily serves as a notification of a change in the company's fiscal year end. The report indicates that Corning has elected to change its fiscal year end from December 31st to March 31st, effective for the fiscal year ending March 31, 1997. This change will result in a transition period that spans from January 1, 1996, to March 31, 1997. Investors should note that this change in reporting periods will impact the comparability of financial statements for the upcoming fiscal year, requiring careful review of the provided financial data during this transition. The filing itself does not contain specific financial results but focuses on the administrative and procedural adjustment to the company's reporting calendar.
Key Highlights
- 1Corning Inc./NY (GLW) has officially changed its fiscal year end.
- 2The new fiscal year end will be March 31st, moving from the previous December 31st.
- 3This change is effective for the fiscal year ending March 31, 1997.
- 4A transition period will occur from January 1, 1996, to March 31, 1997.
- 5This transition period will create a longer than usual reporting period for that year.
- 6Investors should be aware of the impact on financial statement comparability due to the extended reporting period.