SOHU.COM INC. (NASDAQ:SOHU) Files An 8-K Results of Operations and Financial Condition
Item2.02
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Results of Operations and Financial Condition. |
On February21, 2017, the registrant announced its unaudited
financial results for the fourth quarter and fiscal year ended
December31, 2016. A copy of the press release issued by the
registrant regarding the foregoing is filed herewith as Exhibit
99.1 and is incorporated herein by reference. The attached press
release replaced an earlier version of the press release issued
by the registrant in error, which earlier version included
certain unaudited non-GAAP information stated in RMB related to
the registrants subsidiary Sogou, Inc. that should be disregarded
by investors.
| Item8.01 | Other Events. |
On February18, 2017, the registrants Board of Directors (the
Board) appointed Dr.Zhonghan (John) Deng, an existing independent
member of the Board, to be a member of the Compensation Committee
(the Compensation Committee) of the Board, effective as of that
date. The Compensation Committee currently consists of Dr.Dave
Qi, who was an existing member of the Compensation Committee, and
Dr.Deng.
As previously reported in a Form 8-K filed by the registrant on
January25, 2017, Dr.EdwardB. Roberts resigned from the Board
effective January31, 2017, and as a result the Compensation
Committee had only one member beginning on that date, and the
registrant no longer complied with Nasdaq Listing Rule5605(d)(2),
which requires companies with securities listed on Nasdaq to have
a compensation committee composed of at least two directors. As
previously reported in the Form 8-K filed on January25, 2017, the
registrant relied on the cure period provided by Nasdaq Listing
Rule5605(d)(4), which would have permitted the vacancy on the
Compensation Committee to continue until July30, 2017.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 99.1 | Press Release dated February21, 2017 |
About SOHU.COM INC. (NASDAQ:SOHU)
Sohu.com Inc. (Sohu) is an online media, search and game service company providing online products and services on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Company operates through three segments: the Sohu segment; the Sogou segment, and the Changyou segment. Sogou is an online search, client software and mobile Internet product provider in China. Changyou is an online game developer and operator in China as measured by its MMOG Tian Long Ba Bu (TLBB) and its mobile game TLBB three-dimensional (TLBB 3D), and engages primarily in the development, operation and licensing of online games for PCs and mobile devices. The Sohu segment’s main business is the brand advertising business, which offers to users, over its matrices of Chinese language online media, various content, products and services across multiple Internet-enabled devices. SOHU.COM INC. (NASDAQ:SOHU) Recent Trading Information
SOHU.COM INC. (NASDAQ:SOHU) closed its last trading session up +0.10 at 39.35 with 386,599 shares trading hands.
