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STC > SEC Filings for STC > Form 8-K on 19-Jun-2009All Recent SEC Filings

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Form 8-K for STEWART INFORMATION SERVICES CORP


19-Jun-2009

Other Events


Item 8.01. 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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