This is a routine compliance filing to meet SEC requirements for significant equity investments. Traders should note that Array's 5.5% stake in a partnership generating $1.14B in net income could represent a meaningful portion of Array's own earnings, but the actual impact will be reflected in Array's consolidated financials in the original 10-K, not this amendment.
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Executive Summary
Array Digital Infrastructure filed an amended 10-K solely to include the audited financial statements of the Los Angeles SMSA Limited Partnership, in which it holds a 5.5% equity stake, as required by SEC Rule 3-09. The amendment includes the partnership's financials, auditor consent, and updated officer certifications. No other changes were made to the original filing.
Key Facts
- The 10-K/A filing is an amendment to include audited financial statements of the Los Angeles SMSA Limited Partnership (LA Partnership) as Exhibit 99.1.
- Array holds a 5.5% limited partnership interest in the LA Partnership and accounts for it using the equity method.
- The LA Partnership was deemed a significant equity investee under Rule 3-09 of Regulation S-X for the year ended December 31, 2025.
- The amendment also includes the consent of the LA Partnership's auditor, Ernst & Young LLP, and new certifications from Array's CEO and CFO.
- The explanatory note states that no other disclosures from the original 10-K have been modified or updated.
Financial Impact
The amendment itself has no direct financial impact on Array's own financial statements. The LA Partnership's financials show $6.02B in total operating revenues and $1.14B in net income for 2025.
Risk Factors
- None related to the amendment itself, as it is purely a disclosure filing.
- General risks associated with equity method investments, such as dependence on the investee's performance and lack of operational control.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 10 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-K/A Filing (Primary) | 0000821130-26-000021 |
| Document: losangelessmsalimitedpar.htm | 0000821130-26-000021 |
| Document: array202510-kaexhibit313.htm | 0000821130-26-000021 |
| Document: array202510-kaexhibit314.htm | 0000821130-26-000021 |
| Document: array202510-kaexhibit323.htm | 0000821130-26-000021 |
| Document: array202510-kaexhibit324.htm | 0000821130-26-000021 |
| Document: array202510-kaexhibit232.htm | 0000821130-26-000021 |
| Document: 0000821130-26-000021-index-headers.html | 0000821130-26-000021 |
| Document: 0000821130-26-000021-index.html | 0000821130-26-000021 |
| Document: 0000821130-26-000021.txt | 0000821130-26-000021 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 8, 2026 24w ago | 8-K | $20.37 $18.90 | ▼ −7.22% | ▼ −7.24% | $17.73 (−12.96%) |
May 8, 2026 24w ago | 8-K | $20.37 $18.90 | ▼ −7.22% | ▼ −7.24% | $17.73 (−12.96%) |
Apr 7, 2026 28w ago | DEFA14A | $20.40 $20.09 | ▼ −1.52% | ▼ −11.30% | $17.73 (−13.09%) |
Mar 30, 2026 30w ago | 10-K/A | $20.08 $20.16 | ▲ +0.40% | ▼ −9.02% | $17.73 (−11.70%) |
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