4/A: Credit Suisse Asset Management Director Corrects Stock Purchase Price in Amended SEC Filing

A director of Credit Suisse Asset Management Income Fund, Inc. amended a previous SEC filing to correct the price of a stock purchase.

Summary

• Charles Gerber, a director at Credit Suisse Asset Management Income Fund, Inc., filed an amended Form 4 with the SEC.
• The amendment corrects the price of common stock purchased on January 3, 2025.
• The original filing incorrectly stated the price, which has now been corrected to $2.9005 per share.
• The director acquired 8,620 shares of common stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of a filing error, which is neither positive nor negative, but necessary for compliance. The sentiment is neutral to slightly positive as it shows the company is taking steps to correct errors.

Negatives

• The original Form 4 filing contained an incorrect price for the stock purchase.

Risks

• Errors in SEC filings can lead to scrutiny from regulators and investors.

Industry Context

This type of filing is routine for corporate insiders who trade company stock, and the amendment highlights the importance of accuracy in SEC reporting.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders.
• The correction of an error in a Form 4 filing is not uncommon and demonstrates adherence to regulatory requirements.
• Similar filings are made by directors and officers of all publicly traded companies.

Stakeholder Impact

• The correction ensures transparency for shareholders regarding insider transactions.
• The amendment has a minor impact on stakeholders as it corrects a previous error.

Key Dates

Keywords

SEC Form 4, amended filing, stock purchase, Credit Suisse Asset Management, director, beneficial ownership, securities transaction