8-KEarnings & ResultsCorporate ChangesExhibits & Filings

ServiceNow, Inc. 8-K Report, Financial Results (Oct 25, 2017)

Filed October 25, 2017For Securities:NOW

Summary

ServiceNow, Inc. (NOW) filed an 8-K on October 24, 2017, primarily to disclose its financial results for the third quarter ended September 30, 2017, as announced in a press release on October 25, 2017. The filing also included an amendment to the Company's Bylaws to implement proxy access, allowing eligible long-term stockholders to nominate directors. Investors should note that the financial information furnished is not deemed "filed" and is presented alongside non-GAAP measures, with reconciliations provided. The most crucial takeaway for investors revolves around the company's performance in Q3 2017, as detailed in the press release. The adoption of proxy access represents a governance change that could impact future board composition and shareholder engagement. While the 8-K itself doesn't provide the detailed financial metrics, it serves as the official notification that these results are available, directing investors to the attached press release for specifics on revenue, profitability, and guidance.

Key Highlights

  • 1ServiceNow announced its Q3 2017 financial results via a press release filed with the 8-K.
  • 2The company adopted amendments to its Bylaws to implement proxy access.
  • 3Proxy access allows eligible stockholders owning at least 3% for three years to nominate up to two directors or 20% of the board.
  • 4The filing includes a reference to the press release as Exhibit 99.1, which contains detailed financial results.
  • 5The press release includes non-GAAP financial measures, with reconciliations to GAAP provided.
  • 6The furnished financial information is not considered 'filed' for certain SEC liability purposes.

Frequently Asked Questions

The 8-K filing itself does not contain the specific financial results. Investors need to refer to the press release (Exhibit 99.1) attached to the 8-K, which was issued on October 25, 2017, for detailed financial performance metrics for the three months ended September 30, 2017.

Proxy access is a governance provision that allows certain long-term shareholders to nominate director candidates for inclusion in the company's proxy materials. For ServiceNow, this means shareholders owning at least 3% of outstanding stock continuously for three years can nominate up to two directors, subject to specific requirements outlined in the amended Bylaws.

The press release referenced in the 8-K likely presents both GAAP and non-GAAP financial information. ServiceNow encourages investors to consider both, and reconciliations between non-GAAP and GAAP measures are provided within the press release.

No, the information furnished under Item 2.02 (Results of Operations and Financial Condition), including the attached press release, is generally considered 'furnished,' not 'filed.' This means it is not subject to the liability provisions of Section 18 of the Securities Exchange Act of 1934, though it may be incorporated by reference into other SEC filings.