Summary
This 8-K filing by Facebook, Inc. (now Meta Platforms, Inc.) on July 24, 2013, primarily serves to furnish the press release detailing the company's financial results for the quarter ended June 30, 2013. Investors should note that this information, while important for understanding performance, is furnished and not "filed" under Section 18 of the Exchange Act, meaning it doesn't carry the same regulatory weight regarding accuracy for that specific section. The filing also highlights the company's use of non-GAAP financial measures, with a reconciliation to GAAP provided in the press release, and directs investors to its investor relations website for further disclosures.
Key Highlights
- 1Facebook issued a press release on July 24, 2013, reporting its financial results for the second quarter of 2013.
- 2The press release is furnished as an exhibit (Exhibit 99.1) to the 8-K filing.
- 3The information furnished in the press release is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
- 4Facebook referenced non-GAAP financial information in its earnings release and conference call.
- 5A reconciliation of non-GAAP financial measures to the nearest comparable GAAP financial measures is included in the press release.
- 6The company utilizes its investor.fb.com website for disclosing material non-public information and complying with Regulation FD.
Frequently Asked Questions
The main purpose of this 8-K filing is to formally present Facebook's press release containing its financial results for the second quarter ended June 30, 2013. It also serves to inform investors about the company's use of non-GAAP financial measures and its disclosure practices.
When information is 'furnished' as opposed to 'filed' under Section 18 of the Exchange Act, it means the company is providing the information for transparency but is not subject to the same legal liabilities for misstatements or omissions under that specific section. While still important, it carries a slightly different legal implication for the accuracy of that specific reporting section.
The detailed financial results and the reconciliation of non-GAAP financial measures to GAAP are located within the press release dated July 24, 2013, which is furnished as Exhibit 99.1 to this 8-K filing. Investors should refer to this exhibit for the complete financial information.
Facebook uses its investor relations website (investor.fb.com) as a channel to disseminate material non-public information and to ensure compliance with Regulation FD, which governs fair disclosure of material information to investors.