SEC Filing Summary: Donnelley Financial Solutions, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed on September 23, 2016, by Donnelley Financial Solutions, Inc. (the "Company"), a Delaware corporation. The report details significant corporate governance changes and an upcoming corporate distribution event.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate events rather than financial performance data.
Material Changes and Corporate Events
- Executive Appointment: Effective September 14, 2016, Daniel N. Leib was appointed as Chief Executive Officer by the Board of Directors.
- Board Appointment: Effective September 21, 2016, Oliver R. Sockwell was appointed as a director and as a member of the Audit Committee.
- Corporate Distribution: The Company is preparing for a distribution by its parent, R. R. Donnelley & Sons Company ("RRD"), of 80.75% of the Company's common stock to RRD stockholders. The distribution is expected to occur at 12:01 a.m. Eastern time on October 1, 2016.
- Record Date: The record date for the distribution is September 23, 2016.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, management commentary on future performance, or specific risk factors. It references an Information Statement (Exhibit 99.1) for detailed biographical information on new officers and directors, as well as full details regarding the Distribution.
Key Facts for Investor Verification
- Verify the final terms and timing of the 80.75% stock distribution from R. R. Donnelley & Sons Company scheduled for October 1, 2016.
- Review the Information Statement (Exhibit 99.1) for the full biographical and compensation details of new CEO Daniel N. Leib and new Director Oliver R. Sockwell.
- Confirm the Company's post-distribution capital structure and independence from RRD following the October 1 event.