Owens Corning Form 8-K Summary
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by Owens Corning on June 20, 2008. The filing addresses a corporate event regarding the listing status of the Company's Series B Warrants on the New York Stock Exchange (NYSE).
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on securities listing information.
Material Changes
On June 20, 2008, the NYSE listed Owens Corning's Series B Warrants under the symbol OCWSB. This action followed the Company's emergence from bankruptcy in October 2006, during which both Series A and Series B Warrants were issued.
- Series B Warrants: Listed on NYSE; exercisable for approximately 7.8 million shares at $45.25 per share.
- Series A Warrants: Not listed on NYSE due to insufficient holder count; exercisable for approximately 17.5 million shares at $43.00 per share.
- Expiration: Both warrant series expire on October 31, 2013, and are exercisable at any time.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the specific listing event.
Investor Verification Checklist
- Verify the current trading price and volume of Series B Warrants (OCWSB) on the NYSE.
- Confirm the number of Series A Warrant holders to understand the barrier to their potential listing.
- Review the Company's broader capital structure and debt obligations from recent 10-K or 10-Q filings, as this 8-K does not contain financial statements.
- Monitor the expiration date of October 31, 2013, for both warrant series.