01—Abstract
Summary
Summary of the 8-K filed November 8, 2022. Cited figures are marked; the original filing is the authoritative source.
This 8-K filing by Nasdaq, Inc. (NDAQ) primarily serves to provide investors with additional unaudited supplemental recast financial information.
This information is designed to help stakeholders understand the impact of Nasdaq's previously announced organizational restructuring, which will see the business units consolidated into three divisions: Market Platforms, Capital Access Platforms, and Anti-Financial Crime. This new structure is slated to be effective by the end of the fourth quarter of 2022.
The company is furnishing recast financial data for the periods 2017-2019, in addition to the previously provided data for 2020-2022. This extended historical view is intended to aid investors in analyzing the effects of these segment reporting changes on Nasdaq's historical financial results, aligning with the upcoming reporting practices for the fourth quarter and full year 2022 results.
02—Key points
Key Highlights
- Nasdaq is providing supplemental recast financial information to reflect new business segment reporting.
- The new corporate structure will feature three divisions: Market Platforms, Capital Access Platforms, and Anti-Financial Crime.
- The segment changes are effective by the end of Q4 2022.
- Recast financial information is now available for the periods 2017-2019, in addition to 2020-2022.
- This information is furnished to assist investors in understanding historical results under the new segment structure.
- Nasdaq will align its Q4 and full-year 2022 results, and future reporting, with the new structure.
- The supplemental information is also available on Nasdaq's investor relations website.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this filing is to furnish investors with unaudited supplemental recast financial information. This information is intended to show how Nasdaq's historical financial results would look under its new business division structure, which will be implemented by the end of Q4 2022.
What are the new business divisions at Nasdaq?
Nasdaq is reorganizing its business units into three divisions: Market Platforms, Capital Access Platforms, and Anti-Financial Crime.
What historical financial periods are covered by the recast information?
Nasdaq is providing recast financial information for the periods 2017 through 2019, in addition to the previously provided data for 2020 through 2022.
When will Nasdaq start reporting under the new segment structure?
Nasdaq intends to report its fourth quarter and full year 2022 results, as well as future financial results, in alignment with the new corporate structure and reporting segments.
04—Continue