Knowles Corp Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Knowles Corporation on September 11, 2019. The filing addresses a temporary suspension of trading under the Company's employee benefit plans.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is administrative in nature and does not contain financial performance data.
Material Changes
There are no material changes to financial results or operations reported in this filing. The only material event is the implementation of a blackout period for the Knowles Corporation 401(k) Plan.
Outlook, Risks, and Unusual Items
Blackout Period Details:
- Reason: Administrative changes to the 401(k) Plan, including changing the trustee and recordkeeper.
- Expected Start: October 9, 2019, at 4:00 p.m. Eastern Time.
- Expected End: The week beginning October 27, 2019.
- Restrictions: During this period, participants cannot change contribution rates, direct or diversify investments (including Company common stock), or obtain loans, withdrawals, or distributions.
Management Commentary: The Company notified executive officers and directors of this period as required by Section 306(a) of the Sarbanes-Oxley Act of 2002 and Rule 104(b)(2)(iii) of Regulation BTR.
Investor Verification Checklist
- Verify the exact start and end dates of the blackout period, as the filing provides expected dates subject to change.
- Confirm the specific administrative changes being made to the 401(k) Plan trustee and recordkeeper.
- Review the attached Notice (Exhibit 99.1) for detailed instructions regarding the suspension of trading.