Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
IFT > SEC Filings for IFT > Form 8-K on 14-Nov-2013All Recent SEC Filings

Show all filings for IMPERIAL HOLDINGS, INC.

Form 8-K for IMPERIAL HOLDINGS, INC.


14-Nov-2013

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events.

Imperial Holdings, Inc. (the "Company") is retrospectively revising its historical financial statements to account for discontinued operations in connection with the Accounting Standards Codification (ASC) 205-20, "Presentation of Financial Statements - Discontinued Operations." As previously disclosed, on October 25, 2013, the Company sold substantially all of the assets comprising its structured settlement business to Majestic Opco LLC for $12.0 million pursuant to an asset purchase agreement.

This Current Report on Form 8-K updates the following items in the Company's Annual Report on Form 10-K as amended for the year ended December 31, 2012 (the "2012 10-K") to reflect retrospectively the changes resulting from discontinued operations discussed above for all periods presented.

Item 6. Selected Financial Data

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 8. Financial Statements and Supplementary Data (addition of Note 5 - Discontinued Operations and revisions to Note 1 - Organization and Description of Business Activities; Note 2 - Summary of Significant Accounting Policies; Note 3 - Earnings Per Share; Note 17 - Segment Information; and Note 21 - Summary of Quarterly Financial Data (Unaudited)).

Other than the items listed above, the Company is not otherwise updating any other portion of the 2012 10-K. Unaffected items of the 2012 Form 10-K have not been repeated in this Current Report on Form 8-K. This Current Report on Form 8-K does not modify or update the disclosures contained in the 2012 10-K in any way, nor does it reflect any subsequent information, activities or events, other than as required to reflect the discontinued operations described above. Without limitation to the foregoing, this Current Report on Form 8-K does not purport to update Management's Discussion and Analysis of Financial Condition and Results of Operations included in the 2012 10-K for any information, uncertainties, transactions, risks, events or trends occurring, or known to management. More current information may be included in, and should be read in conjunction with, the Company's other filings with the U.S. Securities and Exchange Commission.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

23.1 Consent of Grant Thornton LLP

99.1 Updates to the Company's 2012 10-K (revised solely to present operations described in this Current Report on Form 8-K as discontinued operations)

101 Consolidated Financial Statements from the Company's 2012 10-K, formatted in Extensible Business Reporting Language (XBRL): (i) the Consolidated Statements of Operations; (ii) the Consolidated Statements of Comprehensive Loss (iii) the Consolidated Balance Sheets; (iv) the Consolidated Statements of Cash Flows (v) the Consolidated Statements of Shareholders'/Members' Equity and (vi) the Notes to the Consolidated Financial Statements furnished herewith (revised solely to present operations described in this Current Report on Form 8-K as discontinued operations).


  Add IFT to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for IFT - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.