01—Abstract
Summary
Summary of the 10-K/A filed March 16, 2006. Cited figures are marked; the original filing is the authoritative source.
This filing is an amendment to Old Dominion Freight Line, Inc.'s (ODFL) 2004 Form 10-K, specifically addressing the independent auditor's report.
The primary purpose of this amendment is to reflect that Ernst & Young LLP conducted their audits in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB) instead of the previously stated generally accepted auditing standards. This change is purely technical and does not impact the previously reported financial statements, including the consolidated statements of operations, cash flows, or balance sheets for the fiscal year ended December 31, 2004. Investors should note that this amendment is limited in scope and does not provide updated financial information or disclosures beyond the revised auditor's report.
The original 2004 Form 10-K, filed on March 16, 2005, remains the primary source for the company's financial performance and operational details for that year. The company confirmed that it is an accelerated filer and that its non-affiliate market value of voting stock as of June 30, 2004, was approximately $405.7 milliona.
02—Key points
Key Highlights
- This filing is an Amendment No. 1 to the 2004 Form 10-K for Old Dominion Freight Line, Inc.
- The amendment revises the independent auditor's report from Ernst & Young LLP to reflect auditing standards of the Public Company Accounting Oversight Board (PCAOB).
- The change in auditing standards has no impact on the previously reported financial statements (statements of operations, cash flows, balance sheets).
- This amendment is limited in scope and does not update any other disclosures or financial information from the original 2004 Form 10-K.
- Old Dominion Freight Line, Inc. was classified as an accelerated filer.
- The aggregate market value of ODFL's voting stock held by non-affiliates was approximately $405.7 million as of June 30, 2004.
03—Questions
Frequently Asked Questions
What is the main reason for this Amendment No. 1 filing?
The primary reason for this amendment is to update the independent auditor's report to clarify that Ernst & Young LLP conducted their audits in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB), as opposed to the previously stated generally accepted auditing standards. This is a technical correction and does not alter the financial results.
Do the financial statements in the original 2004 Form 10-K need to be re-evaluated due to this amendment?
No, the amendment explicitly states that this revision had no effect on the Company's consolidated statements of operations, statements of cash flows, or balance sheets. The financial figures and disclosures from the original filing remain unchanged.
Does this filing provide any new financial or operational information for ODFL for the year 2004?
No, this amendment is limited in scope to the revised independent auditor's report. It does not amend, update, or change any other items or disclosures contained in the original 2004 Form 10-K. For updated financial and operational insights, investors should refer to the original 2004 Form 10-K and subsequent filings.
What is the significance of ODFL being an 'accelerated filer'?
Being an accelerated filer means that ODFL meets certain size and filing history requirements set by the SEC, allowing it to file its annual reports on Form 10-K more quickly after the fiscal year-end (typically 75 days) compared to non-accelerated filers. This generally indicates a larger and more established company.
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