An excellent way to find the latest business news is to scroll through the latest current reports, form 8-K that companies filed with the U.S. Securities and Exchange Commission (SEC). The exhaustive list of the latest can be found here.
What is an 8-K?
Here is the exact definition, direct from the SEC website:
In addition to filing annual reports on Form 10-K and quarterly reports on Form 10-Q, publicly reporting companies must report certain material corporate events on a more current basis. Form 8-K is known as a “current report” and it is the report that companies must file with the SEC to announce major events that shareholders should know about. Companies generally have four business days to file a Form 8-K for an event that triggers the filing requirement.
Tidbits Reported Today
Kensington Capital Acquisition Corp. IV (NYSE: KCAC) have voted in favor of & approved the business combination with battery manufacturer Amprius Technologies. Holders of 16.5 million shares of KCAC redeemed their shares. The deal closed today and tomorrow Amprius will become a publicly traded company on the New York Stock Exchange, under the ticker symbol AMPX.
Keurig Dr. Pepper (NASDAQ: KDP) announced today that its annualized dividend rate has been increased to 80 cents per share, up 6.7% from its previous 75 cent payout. The change comes with the newly revealed quarterly dividend of 20 cents per share, of which the next will be paid on October 14, 2022 to shareholders of record on September 30, 2022.
Twitter (NYSE: TWTR) reported that approximately 98% of votes cast by shareholders at the Special Meeting approved the "previously announced merger agreement for Twitter to be acquired by affiliates of Elon Musk for $54.20 per share in cash." While Musk and his partners intend to terminate the deal, Twitter insists that they should be bound by the merger agreement.
Johnson & Johnson (NYSE: JNJ) has authorized $5 billion worth of share buybacks. The repurchases may be made at any time, at the company management's discretion on the open market or through privately negotiated transactions. The company re-affirmed its 2022 guidance, at sales of $97.8 billion and adjusted operational earnings per share of $10.70.
American Battery Technology Co (OTCQB: ABML) announced updated and re-stated bylaws. “As we continue our sustainable transition to a commercial manufacturing and operations company within the battery metals industry, the board decided the time is right to enhance our governance procedures and bylaws,” said Elizabeth Lowery, ABTC’s Lead Independent Director and Nominations and Corporate Governance Committee Chair. “We believe these steps will ensure decisions are made in the best interest of all our shareholders and expand engagement opportunities.” The company will hold its annual shareholder meeting in Q4 2022.
Alpine Acquisition Corporation (NASDAQ: REVE) revealed an updated investor presentation for those interested parties in the proposed SPAC transaction. Alpine is set to combine with Two Bit Circus to foster growth and expansion.
Williams-Sonoma (NYSE: WSM) has announced the departure of Chief Financial Officer Julie Whalen, who will become the next CFO at Expedia Group. Ms. Whalen will be replaced by Jeff Howie, who has spent 20 years with Williams-Sonoma.
PayPal (NASDAQ: PYPL) reports that its Chief Financial Officer, Blake Jorgenson, will be taking a leave of absence for health reasons. Gabrielle Rabinovitch, who has been with PayPal since 2016 and acted as CFO earlier this year, will again be the company's interim CFO.