Summary
This Form 8-K filing from The NASDAQ OMX Group, Inc., dated January 11, 2010, primarily serves to present re-issued historical financial information. This includes updated selected financial data, management's discussion and analysis, and financial statements for NASDAQ OMX for the year ended December 31, 2008. These updates were necessary to reflect the adoption of new accounting standards, specifically FASB Staff Position APB 14-1 (concerning convertible debt) and SFAS 160 (regarding noncontrolling interests), as well as reclassifications to align with 2009 quarterly reporting formats. The filing also incorporates financial information related to the acquisition of the Philadelphia Stock Exchange, Inc. (PHLX), including its historical financial statements and pro forma combined financial statements for the acquired entity and NASDAQ OMX. Investors should note that this 8-K does not update all disclosures from the prior 10-K and should be read in conjunction with other NASDAQ OMX filings for more current information on business developments, risks, and future outlook.
Key Highlights
- 1NASDAQ OMX Group is re-issuing updated historical financial data for the year ended December 31, 2008, including financial statements and MD&A.
- 2The re-issuance is to comply with new accounting standards: FSP APB 14-1 (Convertible Debt) and SFAS 160 (Noncontrolling Interests).
- 3Financials have been reclassified to conform with NASDAQ OMX's 2009 quarterly report presentations.
- 4The filing includes historical financial statements for the Philadelphia Stock Exchange, Inc. (PHLX) prior to its acquisition by NASDAQ OMX.
- 5Unaudited pro forma condensed combined financial information for the combined NASDAQ OMX and PHLX entity is presented.
- 6The report explicitly states it does not update all disclosures from the prior 2008 10-K and should be read alongside other SEC filings.
- 7Adena Friedman, EVP and CFO, signed the report, indicating executive oversight.