Business Context and Reporting Period
This Form 8-K is a current report filed by HC2 Holdings, Inc. (formerly PTGi Holding, Inc.) on April 11, 2014, regarding events occurring on April 9, 2014. The company is incorporated in Delaware and maintains its principal executive offices in Herndon, VA.
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 corporate structural changes rather than financial performance.
Material Changes
- Corporate Name Change: The Board of Directors approved on February 18, 2014, and effected on April 9, 2014, the change of the company's name from PTGi Holding, Inc. to HC2 Holdings, Inc.
- Merger Mechanism: The name change was executed via a merger of the company's wholly owned subsidiary, HC2 Name Change, Inc., into the parent company pursuant to Section 253 of the Delaware General Corporation Law.
- Ticker Symbol Change: The stock ticker symbol is changing from "PTGI" to "HCHC," with the change expected to be effective on or around April 14, 2014.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document serves solely to disclose the legal completion of the name change and the anticipated ticker symbol update.
Key Facts for Investor Verification
- Verify the effective date of the ticker symbol change from PTGI to HCHC (expected April 14, 2014).
- Confirm the legal status of the merger with HC2 Name Change, Inc. via the attached Certificate of Ownership and Merger (Exhibit 3.1).
- Ensure trading systems and brokerage accounts are updated to reflect the new corporate name and ticker symbol.