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Corrections Corporation of America Message Board

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  • newMK newMK Dec 8, 1999 9:20 PM Flag

    Prospectus

    Isn't an 8-K rquired to be filed with the SEC for
    major financial changes? Or is 10Q disclosure
    sufficient?

    The company has confessed that its major tenant
    cannot meet its lease obligations without raising some
    money (as reported in the 10Q). Similarly, the company
    obviously is in danger of not meeting the requirements for
    being a REIT as of the end of 1999. If there is any
    plan at all to de-REIT, it seems that it would have to
    be disclosed in an 8-K.

    Since we don't have
    an 8-K saying that, can we then assume that they
    WILL meet the requirements by 12-31-99 (i.e. the SI is
    about to be announced)?

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