Huron Consulting Group Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed on August 17, 2009, by Huron Consulting Group Inc. The filing primarily announces the release of financial results for the three and six months ended June 30, 2009. Additionally, the Company reported the completion of a restatement of its financial statements for the fiscal years ended 2006, 2007, and 2008, as well as the quarter ended March 31, 2009.
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 filed as Exhibit 99.1, which is incorporated by reference but not detailed in the body of this 8-K.
Material Changes and Restatements
- Financial Restatement: The Company has completed the restatement of financial statements for fiscal years 2006, 2007, and 2008, and the quarter ended March 31, 2009.
- Internal Controls: Management has modified its previous assessments of disclosure controls and procedures and internal control over financial reporting in light of the restatement.
- Related Filings: Modified assessments are detailed in the amended Annual Report on Form 10-K/A for 2008 and amended Quarterly Reports on Form 10-Q/A for the period ended March 31, 2009, and Form 10-Q for the period ended June 30, 2009.
Guidance, Outlook, and Risks
The filing does not contain specific forward-looking guidance or outlook figures. The primary risk and contingency highlighted is the material weakness in internal controls necessitating the restatement of prior financial periods. Management's revised assessment of these controls is referenced in the accompanying amended 10-K/A and 10-Q/A filings.
Key Facts for Investor Verification
- Review the press release (Exhibit 99.1) for specific revenue and earnings figures for the three and six months ended June 30, 2009.
- Examine the amended Form 10-K/A for 2008 and Form 10-Q/A for Q1 2009 to understand the specific nature and impact of the financial restatements.
- Verify the details of the modified assessments regarding disclosure controls and internal control over financial reporting.
- Confirm the status of any ongoing investigations or regulatory actions related to the restatement, if disclosed in the referenced filings.