Exelon Corporation Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Exelon Corporation on September 13, 2019. The filing addresses a voluntary transfer of the principal listing of the company's common stock from the New York Stock Exchange (NYSE) and NYSE Chicago to The Nasdaq Stock Market LLC (Nasdaq).
Key Financial Metrics
This filing does not contain financial performance data. There are no reported figures for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
- Listing Transfer: Exelon notified the NYSE and NYSE Chicago of its intent to withdraw its common stock listing. Trading on these exchanges is scheduled to cease at market close on September 24, 2019.
- New Listing Commencement: Trading is expected to commence on Nasdaq at market open on September 25, 2019.
- Trading Symbol: The common stock will continue to trade under the symbol "EXC" on Nasdaq.
- Bylaw Amendments: The Board of Directors approved amendments to Article IV of the Amended and Restated Bylaws. These changes clarify informational requirements for shareholder-nominated director independence and remove specific references to the NYSE, replacing them with general references to applicable exchange standards.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, outlook, or management commentary regarding future earnings. The primary operational change is the administrative transfer of the stock listing. The filing notes that the bylaw amendments are effective upon the commencement of trading on Nasdaq.
Investor Verification Checklist
- Confirm the cessation of trading on the NYSE and NYSE Chicago on September 24, 2019.
- Verify the commencement of trading on Nasdaq under the symbol "EXC" on September 25, 2019.
- Review the attached Exhibit 3.1 for the full text of the amended Bylaws regarding director nominee independence standards.
- Note that this 8-K contains no financial results; refer to the most recent 10-Q or 10-K for financial metrics.