Business Context and Reporting Period
This Form 8-K Current Report was filed by News Corporation on July 7, 2022, regarding an event that occurred on July 4, 2022. The filing addresses a change in the Company's executive leadership structure.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly administrative and does not contain financial performance data.
Material Changes
The primary material change reported is the appointment of Marygrace DeGrazio as the Company's Chief Accounting Officer, effective July 4, 2022. In connection with this appointment, Ms. DeGrazio assumed the duties of Principal Accounting Officer from Susan Panuccio, the Company's Chief Financial Officer.
Management Commentary and Risks
Ms. DeGrazio, 45, has served in various positions with the Company since its inception as a public company in 2013, most recently as Senior Vice President, Global Financial Operations since 2020. The filing confirms no family relationships with directors or executive officers and no reportable transactions under Item 404 of Regulation S-K since the beginning of the last fiscal year. No specific risks, contingencies, or unusual items were disclosed in this report.
Investor Verification Checklist
- Verify the effective date of Marygrace DeGrazio's appointment as Chief Accounting Officer (July 4, 2022).
- Confirm the transition of Principal Accounting Officer duties from Susan Panuccio to Ms. DeGrazio.
- Note that this filing does not impact the Company's financial statements or guidance.