8-KOther EventsExhibits & Filings

S&P Global Inc. 8-K Report, Corporate Update (Oct 29, 2015)

Filed October 29, 2015For Securities:SPGI

Summary

S&P Global Inc. (formerly McGraw Hill Financial, Inc.) has filed a Form 8-K to revise previously issued financial statements for its 2014 Form 10-K and its second quarter 2015 Form 10-Q. The revisions are solely to include supplemental guarantor financial information in a new footnote, as required by Rule 3-10 of Regulation S-X. This is in anticipation of the registration of certain senior notes that have been guaranteed by a subsidiary. The updated financial statements, provided as exhibits to this 8-K, present summarized financial information for the parent company, the subsidiary guarantor, and non-guarantor subsidiaries on a combined basis. Importantly, all other information within the previously filed financial statements remains unchanged, and this filing does not alter any other disclosures made by the company. Investors should review these updated exhibits in conjunction with the company's other SEC filings.

Key Highlights

  • 1Revision of 2014 Annual Report (10-K) and Q2 2015 Quarterly Report (10-Q) financial statements.
  • 2The revision is to add a footnote providing supplemental guarantor financial information per Rule 3-10 of Regulation S-X.
  • 3This supplemental information is required due to the expected registration of senior notes guaranteed by a subsidiary.
  • 4Updated financial statements (Exhibits 99.1 and 99.2) are filed with this 8-K.
  • 5The changes are limited to the addition of this specific footnote; all other financial data and disclosures remain unchanged.
  • 6The filing includes consents and acknowledgments from the independent registered public accounting firm, Ernst & Young LLP.

Frequently Asked Questions

S&P Global Inc. is filing this 8-K to revise its 2014 Annual Report (10-K) and its second quarter 2015 Quarterly Report (10-Q). The revisions are strictly to add a new footnote that provides supplemental financial information about the company's subsidiary guarantors, as required by SEC regulations (Rule 3-10 of Regulation S-X).

This information is required because the company expects to register certain senior notes which are guaranteed by one of its subsidiaries. The supplemental footnote provides clarity on the financial standing of the parent company, the subsidiary guarantor, and other non-guarantor subsidiaries on a combined basis.

No, the filing explicitly states that all other information provided in the previously filed 2014 Form 10-K and Second Quarter 2015 Form 10-Q remains unchanged. This 8-K only adds a required footnote; it does not modify or update any other disclosures or financial results.

The updated audited consolidated financial statements for the year ended December 31, 2014, are provided as Exhibit 99.1, and the updated unaudited condensed consolidated financial statements for the period ended June 30, 2015, are provided as Exhibit 99.2 to this Form 8-K filing.