8-KRegulation FDExhibits & Filings

MCKESSON CORP 8-K Report, Regulation FD Disclosure (Mar 17, 2020)

Filed March 17, 2020For Securities:MCK

Summary

McKesson Corporation (MCK) filed an 8-K on March 17, 2020, to announce the completion of its exit from its investment in Change Healthcare LLC. This event marks a significant strategic move, freeing up capital and simplifying the company's operational focus. The filing includes a press release that also provided an updated Adjusted Earnings per diluted share (EPS) forecast for the full fiscal year 2020, indicating the company's revised financial outlook following this divestiture.

Key Highlights

  • 1McKesson has completed the exit of its investment in Change Healthcare LLC.
  • 2A press release was issued on March 17, 2020, detailing the completion of the Change Healthcare divestiture.
  • 3The company provided an updated Adjusted Earnings per diluted share (EPS) forecast for the full fiscal year 2020.
  • 4This 8-K filing is primarily for Regulation FD disclosure, providing forward-looking information.
  • 5The information furnished is not deemed 'filed' for Section 18 of the Exchange Act purposes, but is publicly available.
  • 6Exhibit 99.1 contains the full press release with the updated financial guidance.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose the completion of McKesson's exit from its investment in Change Healthcare LLC and to provide updated financial guidance for the full fiscal year 2020, in compliance with Regulation FD.

It means McKesson has sold its stake or otherwise divested its ownership in Change Healthcare LLC. This typically results in a one-time gain or loss on the sale and simplifies the company's business structure and financial reporting going forward.

The updated forecast for Adjusted Earnings per diluted share for the full fiscal year 2020 is detailed in the press release attached as Exhibit 99.1 to this 8-K filing.

The information provided in Item 7.01 (Regulation FD Disclosure), including the press release, is furnished to the Commission and is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, unless expressly incorporated by reference in another SEC filing.