Business Context and Reporting Period
This Form 8-K is a current report filed by Target Corporation on June 22, 2009. The filing serves as a regulatory disclosure under Regulation FD regarding monthly reports delivered to the Trustee for the Target Credit Card Owner Trust 2005-1. The specific data period covered by the attached exhibits is the monthly period ended May 30, 2009.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The document acts as a cover sheet for the delivery of monthly reports related to the Floating Rate Class A Asset Backed Notes, Series 2005-1, and Subordinated Interests, Series 2005-1.
Material Changes
No material changes to financial performance or operations are disclosed in the text of this filing. The report confirms the routine delivery of required monthly certificates and statements to the Trustee.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. It strictly documents the submission of the following exhibits:
- Series 2005-1 Monthly Servicer's Certificate
- Series 2005-1 Monthly Collateral Certificateholders' Statement
- Series 2005-1 Monthly Administrator's Statement
Investor Verification Checklist
- Verify the contents of the attached exhibits (20.1, 20.2, 20.3) for specific details on the credit card asset-backed securities performance.
- Confirm the status of the Target Credit Card Owner Trust 2005-1 in subsequent filings.
- Note that this filing does not contain consolidated financial results for Target Corporation.