Criteo S.A. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Criteo S.A. on October 28, 2021, with the earliest event reported on that date. The filing primarily serves to announce the upcoming release of financial results for the quarter ended September 30, 2021, scheduled for November 3, 2021. Additionally, the report documents a corporate governance update regarding the company's share capital.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the press release (Exhibit 99.1) referenced in the filing but are not detailed in the 8-K text itself. The company notes that it will present both GAAP and non-GAAP financial information in the upcoming release.
Material Changes
- Share Capital Adjustment: The Board of Directors approved an update to Article 6 of the Company's bylaws effective immediately. This change reflects an adjustment in share capital resulting from the cancellation of shares repurchased under a previously announced program and shares issued due to employee stock option and warrant exercises.
- Financial Reporting: The company is preparing to disclose results for the quarter ended September 30, 2021, which will include a reconciliation of non-GAAP measures to GAAP measures.
Guidance, Outlook, and Risks
The filing does not contain specific forward-looking guidance, management commentary on future performance, or a detailed discussion of risks and contingencies beyond the standard legal disclaimers. The document states that the information furnished, including the press release, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act. Investors are directed to the press release and conference call for detailed management commentary.
Key Facts for Investor Verification
- Verify the specific Q3 2021 financial results (revenue, net income, cash flow) in the press release dated November 3, 2021 (Exhibit 99.1).
- Review the reconciliation of non-GAAP financial measures to GAAP measures provided in the press release.
- Confirm the updated share capital figures following the cancellation of repurchased shares and issuance of shares for employee options/warrants as detailed in the updated bylaws (Exhibit 3.1).
- Note that the 8-K filing itself does not contain the financial data, only the announcement of its release.