ILG,Inc. (NASDAQ:ILG) Files An 8-K Other EventsITEM 8.01.Other Events.
ILG, Inc. (“ILG”) is filing this Current Report on Form 8-K to revise its consolidated balance sheets as of December 31, 2017 and 2016, the related consolidated statements of income, comprehensive income, equity and cash flows for each of the three years in the period ended December 31, 2017, and the related notes and financial statement schedule comprising Item 8 of our 2017 Form 10-K (collectively referred to as the “Consolidated Financial Statements”).The Consolidated Financial Statementshave been recast to reflect ILG’s adoption of the Financial Accounting Standard Board’s Accounting Standards Codification Topic 606 “Revenue from Contracts with Customers” (“ASC 606”) on a retrospective basis to facilitate ILG’s previously announced transaction with Marriott Vacations Worldwide Corporation.
These Consolidated Financial Statements are filed as Exhibit 99.1 to this Current Report on Form 8-K and are incorporated herein by reference. These Consolidated Financial Statements have been updated in compliance with generally accepted accounting principles to reflect the retrospective adoption of ASC 606 for the respective periods and disclosure of the pending transactions to the Agreement and Plan of Merger between ILG, Marriott Vacations Worldwide Corporation and several newly formed subsidiaries that was announced on April 30, 2018.
Except as described above, we have not modified or updated other disclosures contained in ILG's Consolidated Financial Statements included in the 2017 Form 10-K. Accordingly, this Form 8-K, with the exception of the foregoing, does not reflect events occurring after the date of filing of the 2017 Form 10-K or update disclosures to already disclosed subsequent events or that are affected by any further subsequent events. Consequently, all other information not affected by the additions described above is unchanged and reflects the disclosures and other information made at the dates of the filing of the 2017 Form 10-K and should be read in conjunction with our filings with the SEC subsequent to such dates, including amendments to such filings, if any.
ITEM 9.01.Financial Statements and Exhibits.
(d)Exhibits to this Form8-K