Summary
This 8-K/A filing from International Business Machines Corp. (IBM) serves as an amendment to a prior filing, primarily to include the necessary financial statements and pro forma information related to the acquisition of Red Hat, Inc. The acquisition was initially announced and completed earlier in July 2019. Investors should note that this filing provides the historical audited financial statements for Red Hat for the fiscal year ended February 28, 2019, and unaudited financials for the three months ended May 31, 2019. Furthermore, the filing includes unaudited pro forma combined financial information for IBM and Red Hat for the six months ended June 30, 2019, and the year ended December 31, 2018. It's important for investors to understand that this pro forma data is for informational purposes only and does not represent actual combined results or projected future performance. The core business implications of the Red Hat acquisition are detailed in the original 8-K, with this amendment focusing on the required financial disclosures.
Key Highlights
- 1IBM has filed an amendment (8-K/A) to include financial details for the Red Hat acquisition, which closed on July 8, 2019.
- 2The filing incorporates audited financial statements of Red Hat for the fiscal year ended February 28, 2019.
- 3Unaudited financial statements for Red Hat for the three months ended May 31, 2019, are also included.
- 4Unaudited pro forma condensed combined financial information for IBM and Red Hat is provided for the six months ended June 30, 2019, and the year ended December 31, 2018.
- 5The pro forma financial information is presented for informational purposes and does not reflect actual historical combined results or future projections.
- 6This filing supplements the original 8-K filed on July 9, 2019, which disclosed the completion of the Red Hat acquisition.