secwatch.observer — SEC 8-K summary
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Issuer:     Finance of America Companies Inc. (FOA)
CIK:        0001828937
Form:       8-K
Filed at:   2023-08-18T23:59:59+00:00
Accession:  0001828937-23-000105
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FOA recasts 2022 results for discontinued ops and new segments; provides AAG pro forma
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- Discontinued operations include Mortgage Originations (excl. Home Improvement), Commercial Originations, and most of Lender Services.
- New reportable segments: Retirement Solutions, Portfolio Management, and Corporate & Other.
- Acquisition of AAG/Bloom closed March 31, 2023; pro forma shows net loss from cont. ops of $168M (6 mo. 2023) and $420M (FY2022).
- Basic EPS pro forma: ($1.03) for 6 mo. 2023 and ($3.15) for FY2022; reflects AAG as if acquired Jan 1, 2022.
- No revisions to 2022 Form 10-K except for segment realignment, discontinued ops, and Note 38 (subsequent events).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828937/000182893723000105/0001828937-23-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828937/000182893723000105/foa-20230818_d2.htm
  HTML page:      https://secwatch.observer/filing/0001828937-23-000105

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer