Business Context and Reporting Period
This Form 8-K Current Report was filed by Principal Financial Group, Inc. on November 27, 2017. The report details a corporate governance action regarding the transfer of the company's stock listing from one exchange to another.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a listing transfer and does not contain financial performance data.
Material Changes
The primary material change reported is the voluntary delisting of Principal's common stock from the New York Stock Exchange (NYSE) and its subsequent transfer to the Nasdaq Global Select Market. Key dates include:
- Board Approval: November 27, 2017.
- NYSE Delisting: Close of trading on December 15, 2017.
- Nasdaq Listing: Opening of trading on December 18, 2017.
The company's stock symbol will remain "PFG" following the transfer.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, management commentary on future performance, or specific risk factors related to operations. The action was approved by the Board of Directors to transfer the listing to Nasdaq, where the company has already been authorized for listing.
Investor Verification Checklist
- Confirm the trading symbol "PFG" remains unchanged on the Nasdaq Global Select Market starting December 18, 2017.
- Verify the cessation of trading on the NYSE at the close of business on December 15, 2017.
- Review the press release furnished as Exhibit 99 for additional details on the rationale for the exchange transfer.