Business Context and Reporting Period
Company: Koppers Holdings Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 4, 2009
Purpose: This filing revises portions of the Annual Report on Form 10-K for the year ended December 31, 2008, and Quarterly Reports on Form 10-Q for the periods ended March 31, 2009, and June 30, 2009.
Key Financial Metrics
This filing does not contain new financial performance data (revenue, profit, cash flow, margins, debt, or liquidity). It serves to restate previously reported financial statements to ensure compliance with updated accounting standards and regulatory requirements.
Material Changes Versus Prior Period
- Accounting Standard Update: Reclassifications and adjustments were made to conform to Financial Accounting Standards Board (FASB) Statement No. 160, "Noncontrolling Interests in Consolidated Financial Statements."
- Regulatory Compliance: Added condensed consolidating financial information (footnote 22 in the 2008 10-K; footnotes 18 in the 2009 10-Qs) to comply with Rule 3-10(d) and (f) of Regulation S-X regarding subsidiary guarantors under the company's Form S-3 Registration Statement.
- Impact on Results: The filing explicitly states that these reclassifications and adjustments have no impact on previously reported net income or stockholders' equity attributable to Koppers Holdings Inc.
Guidance, Outlook, and Risks
The filing contains no new management guidance, outlook, or commentary on future operations. It does not disclose new risks or contingencies beyond the requirement to update financial statement presentations for regulatory compliance.
Investor Verification Checklist
- Verify that the revised financial statements in Exhibit 99.1 (2008 10-K) and Exhibits 99.2/99.3 (2009 10-Qs) reflect the FASB No. 160 reclassifications.
- Confirm that the condensed consolidating financial information for subsidiary guarantors is present in the specified footnotes.
- Note that historical net income and equity figures remain unchanged despite the presentation adjustments.