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Constellium SE Announces Major Reporting Shift: U.S. Dollar & GAAP Adoption!

$CSTM
Form 8-K
Filed on: 2025-01-15
Source
Constellium SE Announces Major Reporting Shift: U.S. Dollar & GAAP Adoption!

Here are the key insights extracted from the provided financial report (Form 8-K) of Constellium SE:

  1. Date of Report: The report was dated January 15, 2025.
  2. Company Information:
  • Name: Constellium SE
  • Location: Headquartered in Paris, France, with an additional office in Baltimore, Maryland, USA.
  • Commission File Number: 001-35931
  • I.R.S. Employer Identification Number: Not Applicable
  1. Trading Information:
  • Trading Symbol: CSTM
  • Exchange: New York Stock Exchange (NYSE)
  1. Key Announcement:
  • Constellium SE announced a significant change in its reporting practices:
    • The company will begin reporting its financial results in U.S. Dollars.
    • It will adopt U.S. Generally Accepted Accounting Principles (GAAP) for its financial reporting.
    • The company will also transition to filing its annual reports on Form 10-K and utilize other domestic forms for SEC reporting.
  1. Exhibits:
  • A press release detailing this change was issued and is included as Exhibit 99.1 in the report.
  1. Legal Disclaimer: The information provided in Item 8.01 of the report, including Exhibit 99.1, is not to be considered "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 and does not create liabilities under that section.
  2. Signatory: The report was signed by Jack Guo, Chief Financial Officer of Constellium SE.

This information highlights a strategic shift in Constellium SE's financial reporting, aligning its practices with those common in the United States, which could enhance its appeal to U.S. investors and improve transparency.