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| STC > SEC Filings for STC > Form 8-K on 19-Jun-2009 | All Recent SEC Filings |
19-Jun-2009
Other Events
Stewart Information Services Corporation (the "Company") is filing this Current
Report on Form 8-K to reflect certain accounting changes described below with
respect to the financial information contained in the Company's Annual Report on
Form 10-K for the year ended December 31, 2008 (the "2008 Form 10-K"), which was
filed with the Securities and Exchange Commission ("SEC") on March 13, 2009. The
information in this Form 8-K is not an amendment to or restatement of the 2008
Form 10-K.
Effective January 1, 2009, the Company adopted SFAS 160, Noncontrolling
Interests in Consolidated Financial Statements ("SFAS 160"). SFAS 160 requires
noncontrolling interests to be reported in equity and establishes a new
framework for recognizing net income or loss and comprehensive income by the
controlling interest. Upon adoption, prior period financial statements were
reclassified for the presentation of the noncontrolling interest consistent with
the retrospective application required by SFAS 160. The adoption of SFAS 160
will permit the Company to incorporate these financial statements in future
Securities and Exchange Commission filings. The retrospective application of
SFAS 160 impacts only certain portions of Part II, Item 6 - Selected Financial
Data and Part II, Item 8 - Financial Statements and Supplementary Data, of the
2008 Form 10-K, which are included as Exhibit 99.1 and Exhibit 99.2 to this
Current Report.
All other information in the 2008 Form 10-K remains unchanged. This Current
Report does not modify or update the disclosures therein in any way, nor does it
reflect any subsequent information or events, other than as required to reflect
adoption of SFAS 160 as described above.
Item 9.01. Financial Statements and Exhibits.
23.1 Consent of KPMG LLP, an Independent Registered Public Accounting Firm
99.1 Updated Part II, Item 6 - Selected Financial Data, of 2008 Form 10-K
99.2 Updated Part II, Item 8 - Financial Statements and Supplementary Data,
of 2008 Form 10-K
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