Business Context and Reporting Period
This Form 8-K was filed by Amazon.com, Inc. on November 15, 2019. The report addresses a temporary suspension of trading under the company's employee benefit plans due to a transition of recordkeepers.
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.
Material Changes
The material change reported is the selection of Fidelity Investments as the new recordkeeper for the Amazon.com, Inc. 401(k) Plan. This transition necessitates a temporary restriction on plan account activity.
Outlook, Risks, and Unusual Items
- Blackout Period: A "Blackout Period" is expected to begin on January 2, 2020 and end the week of January 12, 2020.
- Trading Restrictions: During this period, participants cannot make exchanges, asset allocation changes, take loans, or request withdrawals.
- Executive Restrictions: Section 16 officers and directors are subject to trading restrictions on company equity securities acquired through employment during the Blackout Period, as notified on November 19, 2019.
Investor Verification Checklist
- Confirm the exact start and end dates of the 401(k) Blackout Period by contacting Fidelity at 1-800-835-5095.
- Verify that no trading activity is attempted on the 401(k) plan between January 2, 2020, and the week of January 12, 2020.
- Note that this filing contains no financial results or guidance updates.
