Yahoo! Inc. (NASDAQ:YHOO) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
On April 18, 2017, Yahoo! Inc., a Delaware corporation (Yahoo or
the Company), announced its financial results for the quarter
ended March 31, 2017. A copy of Yahoo’s press release announcing
these financial results and other information regarding its
financial condition is attached hereto as Exhibit 99.1.
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
In a Current Report on Form 8-K filed with the U.S. Securities
and Exchange Commission (the SEC) on January 9, 2017, Yahoo
disclosed, among other things, that, immediately following the
closing (the Closing) of the previously announced pending sale by
Yahoo of its operating business to Verizon Communications Inc.
(Verizon) to the terms of a Stock Purchase Agreement, dated as of
July 23, 2016, as amended as of February 20, 2017, between Yahoo
and Verizon, that certain current members of Yahoos Board of
Directors (the Board), including Richard S. Hill, had indicated
that they intend to resign from the Board effective upon the
Closing.
On April 17, 2017, Richard S. Hill further notified the Company
that he will not stand for reelection at the Companys annual
meeting of stockholders in the event the Closing does not occur.
Mr. Hills decision is not due to any disagreement with the
Company on any matter relating to the Companys operations,
policies or practices.
Item 8.01 Other Events.
The press release attached as Exhibit 99.1 to this Current Report
on Form 8-K is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
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Exhibits. |
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The following exhibit is furnished with this report on |
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99.1 Yahoo! Inc. press release dated April 18, 2017. |
About Yahoo! Inc. (NASDAQ:YHOO)
Yahoo! Inc. (Yahoo), along with its subsidiaries, is engaged in digital information discovery. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific. The Company focuses on informing, connecting and entertaining its users with its search (Yahoo search), communications, including Yahoo Mail and Yahoo Messenger, and digital content products, including Tumblr, and its four verticals, such as Yahoo News, Yahoo Sports, Yahoo Finance and Yahoo Lifestyle. Yahoo Search is a search engine that serves as a guide for users to discover the information on the Internet. Yahoo Mail connects users to the people and things across mobile and desktop. Yahoo Messenger is an instant messaging service that provides an interactive and personalized way for users to connect and communicate in real-time. The Company’s Digital Content offerings include Tumblr, its social platform, and its four verticals, including News, Sports, Finance and Lifestyle. Yahoo! Inc. (NASDAQ:YHOO) Recent Trading Information
Yahoo! Inc. (NASDAQ:YHOO) closed its last trading session up +0.17 at 47.56 with 3,857,065 shares trading hands.