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Fox Corp 8-K Report: Insights on Stock Structure & Compliance

$FOX
Form 8-K
Filed on: 2020-04-02
Source
Fox Corp 8-K Report: Insights on Stock Structure & Compliance

From the provided financial report section, here are the key extracted details and insights:

  1. Entity Identification:
  • Company Name: Fox Corp
  • SEC CIK: 0001754301
  • SEC File Number: 001-38776
  • EIN: 83-1825597
  • Address: 1211 Avenue of the Americas, New York, NY 10036
  • Phone Number: (212) 852-7000
  1. Filing Type:
  • Form Type: 8-K (Current Report)
  1. Reporting Period:
  • Start Date: March 31, 2020
  • End Date: March 31, 2020
  1. Stock Information:
  • Class A Common Stock:
    • Par Value: $0.01 per share
    • Ticker Symbol: FOXA
    • Exchange: NASDAQ
  • Class B Common Stock:
    • Par Value: $0.01 per share
    • Ticker Symbol: FOX
    • Exchange: NASDAQ
  1. Stock Classification:
  • The report distinguishes between two classes of common stock: Class A and Class B, which are common in companies that aim to retain control among a certain group of shareholders.

Insights:

  • Class Structure: The existence of both Class A and Class B common stocks suggests that Fox Corp might be employing a dual-class share structure, which is often used to maintain control by certain shareholders (typically founders or executives).
  • Regulatory Compliance: The filing of an 8-K indicates that Fox Corp is complying with SEC regulations by reporting significant events that shareholders should know about, which can include changes in management, financial condition, or other important events.
  • Market Presence: Listing on NASDAQ indicates that the company is publicly traded and provides access to capital markets for raising funds or acquiring assets.

This information is essential for stakeholders, including investors, analysts, and regulators, to understand the company's structure, compliance status, and market engagement.