Current Report Filing (8-k)

BlackRock Inc. DE false 0001364742 0001364742 2020-02-13 2020-02-13 0001364742 us-gaap:CommonStockMember 2020-02-13 2020-02-13 0001364742 us-gaap:DeferrableNotesMember 2020-02-13 2020-02-13

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 13, 2020

 

BLACKROCK, INC.

(Exact name of registrant as specified in its charter)

 

DELAWARE		001-33099		32-0174431
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

55 East 52nd Street, New York, New York		10055
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: [phone]

(Former name or former address, if changed since last report.)

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of exchange on which registered
Common Stock, $.01 par value		BLK		New York Stock Exchange
1.250% Notes due 2025		BLK25		New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

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Item 8.01.

Other Events

On February 13, 2020, BlackRock, Inc. (the “Company”) issued a press release announcing the establishment of The BlackRock Foundation (the “Foundation”) and the contribution of its remaining stake in PennyMac Financial Services, Inc. to the Foundation and the BlackRock Charitable Fund.

The contribution will result in an operating expense of $589 million, which is expected to be offset by an approximately $125 million non-cash, non-operating pre-tax gain on the contributed shares and a tax benefit of approximately $241 million. The impact of this transaction will be excluded from the “as-adjusted” results when the Company reports first quarter results for 2020.

A copy of the Company’s press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01.

Financial Statement and Exhibits

(d) Exhibits

	99.1			Press release dated February 13, 2020 issued by the Company
	104			Cover Page Interactive Date File (embedded within the Inline XBRL document)

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EXHIBIT INDEX

	99.1			Press release dated February 13, 2020 issued by the Company
	104			Cover Page Interactive Date File (embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						BlackRock, Inc.
						(Registrant)
				By:		/s/ Gary S. Shedlin
Date: February 13, 2020						Gary S. Shedlin
						Senior Managing Director and
						Chief Financial Officer