Morningstar, Inc. 8-K

What Happened

• Morningstar, Inc. filed a Current Report on Form 8-K on December 23, 2025 (signed by CFO Michael Holt) to furnish an Investor Q&A (Exhibit 99.1) that explains the Company’s public disclosure policy and provides investor questions received through December 5, 2025 and Morningstar’s responses. The Investor Q&A is expressly furnished (not filed) and references certain materials on the Company website that are not incorporated by reference into the 8-K. The filing also includes the standard forward‑looking statements caution outlining many risks and uncertainties.

Key Details

• Filing date: December 23, 2025; Investor questions covered through: December 5, 2025.
• Exhibit 99.1 = Investor Q&A (deemed furnished, not filed).
• Forward‑looking statement notice highlights risks including the pending/anticipated CRSP acquisition, cybersecurity and data protection, impacts of AI on products and legal risk, and interest‑rate/debt considerations.
• The cover page in Inline XBRL is included as Exhibit 104.

Why It Matters

• This 8-K provides investors with Morningstar’s formal disclosure policy and its answers to recent investor questions, giving clearer visibility into management’s views on topics the market may care about (e.g., the CRSP transaction, AI, cybersecurity, and other operational risks). Because the Investor Q&A is furnished rather than filed, it is informational but still useful for assessing company communications and potential near‑term drivers of investor sentiment. Review the Q&A and the company’s other SEC filings (10‑K/10‑Q) for more detail and to understand the risks Morningstar identifies.