Form 6-K vs Form 8-K
Form 6-K and Form 8-K are both SEC filings used to report significant events that could impact the issuer's securities. However, there are some key differences between the two forms.
- Purpose: Form 6-K is specifically designed for foreign private issuers (FPIs) to disclose any material information that has been released to the public in their home country. Form 8-K, on the other hand, is used by domestic issuers to report significant events that could impact the issuer's securities.
- Timing: Form 8-K must be filed within four business days of the event, while Form 6-K must be furnished promptly after such material is made public.
- Reporting requirements: Form 8-K requires issuers to disclose information related to changes in their securities, corporate governance, and executive officers. Form 6-K, on the other hand, is used to provide investors with up-to-date information about the issuer's financial standing, business operations, and any other material events that could impact the issuer's securities.
- Liability: Form 6-K is not considered "filed" for liability purposes, while Form 8-K is considered "filed" and subject to liability under Section 18 of the Securities Exchange Act of 1934.
In summary, Form 6-K is used by foreign private issuers to report material information that has been released to the public in their home country, while Form 8-K is used by domestic issuers to report significant events that could impact the issuer's securities. Form 8-K has more stringent reporting requirements and is subject to liability under Section 18 of the Securities Exchange Act of 1934, while Form 6-K is not considered "filed" for liability purposes.
