Business Context and Reporting Period
Company: Chimera Investment Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: August 30, 2013
Context: The filing addresses the Company's status regarding the New York Stock Exchange (NYSE) listing requirements due to the failure to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2012.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a regulatory notice regarding listing status rather than a financial performance report.
Material Changes and Listing Status
- Delisting Risk: The Company was subject to NYSE late filing procedures for failing to submit the 2012 Form 10-K.
- Extension Granted: On August 30, 2013, the NYSE granted an extension for continued listing and trading.
- Deadline: The Company must file the 2012 Form 10-K by January 31, 2014.
- Conditions: The extension is subject to ongoing reassessment. Failure to make progress may result in suspension of listing privileges prior to the January 31, 2014 deadline.
- Consequences: If the 2012 Form 10-K is not filed in accordance with the extension terms, the NYSE will initiate suspension and delisting procedures.
Outlook, Risks, and Management Commentary
- Management Stance: The Company states it is working diligently to complete the 2012 Form 10-K.
- Uncertainty: No assurance is given that the report will be filed by the January 31, 2014 deadline.
- Key Risks: Forward-looking statements are subject to significant risks, including the impact of transitioning to a new independent registered public accounting firm and the ability to timely complete the filing process for periods subsequent to March 31, 2012.
Investor Verification Checklist
- Confirm the current status of the 2012 Form 10-K filing relative to the January 31, 2014 deadline.
- Verify the identity and status of the new independent registered public accounting firm.
- Monitor for any further NYSE communications regarding suspension or delisting proceedings.
- Review the attached Press Release (Exhibit 99.1) for additional details on the Company's operational status.