Form 8-K filings offer some intriguing Sarbox insights

As you know, an 8-K filing is required when any material event takes place at a public company. These days, we're seeing a lot of them. The Motley Fool takes the time to go through them and often comes up with some eye-openers. Here's an example: "Even though the company (Learning Tree) spends lots of time explaining how well it, a training specialist, and Ernst & Young are getting along, I sense the accountant is relieved to move on." The 8-K recounted their internal control over financial reporting was found ineffective. Despite their good relationship, they parted ways. The CFO departed but got a good deal. According to the filing, he will be replaced by a temp CFO at more than double the cost. You get a real sense of the absurdities of corporate life from these things.

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