Summary
This Form 8-K/A filing by The McGraw-Hill Companies, Inc. (SPGI) serves as an amendment to a previous 8-K filed on July 24, 2007. The amendment corrects specific inaccuracies in the "Operating Results by Segment - Operating Profit" section of the company's earnings release that was initially furnished. These corrections are important for investors to have an accurate understanding of the company's performance and financial condition. The primary purpose of this filing is to rectify misrepresentations of percentage changes in certain expense categories and operating results. Specifically, general corporate expenses and interest expenses were incorrectly shown as favorable when they were actually unfavorable. Additionally, the operating loss for McGraw-Hill Education was shown as unfavorable for the six-month period when it was, in fact, favorable. These adjustments provide a more precise view of the company's profitability and operational efficiency.
Key Highlights
- 1Amendment to a prior 8-K filing dated July 24, 2007, correcting previously issued financial information.
- 2Corrects misstated percentage changes in "Operating Results by Segment - Operating Profit".
- 3General corporate expenses and interest expenses were incorrectly reported as favorable, when they were unfavorable.
- 4McGraw-Hill Education's operating loss for the six-month period was incorrectly reported as unfavorable, when it was favorable.
- 5The filing clarifies that all other aspects of the original earnings release remain unchanged.
- 6This amendment is furnished under Items 2.02 and 7.01 of Form 8-K, concerning Results of Operations and Regulation FD Disclosure.