Business Context and Reporting Period
Company: Chimera Investment Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: September 13, 2012
Context: The filing addresses the Company's status regarding the New York Stock Exchange (NYSE) listing requirements due to a pending restatement of previously filed consolidated financial statements, which has delayed the filing of the Annual Report on Form 10-K for the fiscal year ended December 31, 2011.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on regulatory compliance and listing status rather than financial performance data.
Material Changes
- Listing Status: The Company received notification from the NYSE granting an extension for continued listing and trading.
- Reason for Delay: The Company is unable to file its 2011 Form 10-K due to a pending restatement of certain previously filed consolidated financial statements.
- Extension Terms: The NYSE has extended the deadline to file the 2011 Form 10-K to January 15, 2013.
Guidance, Outlook, and Risks
- Management Commentary: The Company states it is working diligently to complete the 2011 Form 10-K.
- Uncertainty: No assurance can be given that the 2011 Form 10-K will be filed by the January 15, 2013 deadline.
- Risks and Contingencies:
- The NYSE will closely monitor the Company's progress against milestones.
- Failure to make progress could result in the suspension of listing privileges prior to January 15, 2013.
- If the 2011 Form 10-K is not filed in accordance with the extension terms, the NYSE will initiate suspension and delisting procedures.
Key Facts for Investor Verification
- Verify the current status of the pending restatement of consolidated financial statements.
- Monitor the Company's progress toward filing the 2011 Form 10-K before the January 15, 2013 deadline.
- Assess the risk of potential suspension or delisting from the NYSE if the filing deadline is missed or progress is deemed insufficient.