Summary
Intercontinental Exchange (ICE) filed an 8-K on February 7, 2018, primarily to announce its financial results for the fiscal quarter and year ended December 31, 2017, through an accompanying press release (Exhibit 99.1). This filing also disclosed a significant change in its accounting leadership. Investors should review the attached press release for detailed financial performance metrics, including any non-GAAP measures and their reconciliations to GAAP, as these will provide the core operational and financial insights for the period.
Key Highlights
- 1ICE announced its fourth quarter and full year 2017 financial results via a press release filed as Exhibit 99.1.
- 2The company is providing the press release under Item 2.02 of Form 8-K, meaning the information is furnished, not deemed filed.
- 3The filing notes that ICE uses non-GAAP financial information and directs readers to the press release and upcoming 10-K for reconciliations.
- 4Dean Mathison will cease to serve as Chief Accounting Officer, Corporate Controller, and principal accounting officer, effective February 8, 2018.
- 5Mr. Mathison will remain with ICE as Senior Vice President, Accounting until April 30, 2018, to ensure a smooth transition.
- 6James Namkung has been appointed as the new Chief Accounting Officer, Corporate Controller, and principal accounting officer, effective February 8, 2018.
- 7The change in accounting leadership was not due to any disagreements regarding ICE's accounting practices, operations, or policies.