Fund and begin operations of the new joint venture
Not delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 24 Jul 2020
- Due
- 30 Sep 2020
- Checked
- 12 Oct 2026
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“we expect to consolidate the Joint Venture and record a noncontrolling interest in our financial statements once funding occurs and operations begin, both of which are currently expected to occur during the third quarter of”
What we found
Evidence strength A What the grades mean
The company failed to fund and begin operations of the joint venture by the third quarter of 2020 deadline, as filings confirm these actions had not occurred by September 30, 2020.
-
A Idex Corporation 10-Q filed 2020-10-28
“As of September 30, 2020, the Joint Venture had not yet been funded or begun its operations.” ✓ confirmed on the page
Market reaction: the shares moved -4.9% against the S&P 500 over the three sessions around the disclosure (27 Oct 2020 to 30 Oct 2020). What this measures
Checked 12 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Production start
- Indicative materiality
- High rules
- Action
- Fund
- Deliverable
- Joint Venture operations
- Where
- Kingdom of Saudi Arabia
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- High
- Specificity
- Medium
- Conditional
- Yes: funding occurs; operations begin
- Depends on
- Partner
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
- Third check on a negative finding: agreesBecause a negative finding could harm a company if wrong, a stronger model re-read the evidence fully blind and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2020-IEX-007900 · Corrections policy