Item 8.01 Other Events.
Altisource Portfolio Solutions S.A. ("Altisource") is filing this Current Report on Form 8-K, consistent with ASC 280, Segment Reporting, to conform its Historical Consolidated Financial Statements and Notes, and Management's Discussion and Analysis of Financial Condition and Results of Operations and other Form 10-K sections (see exhibit 99.1 attached hereto) to reflect changes inAltisource's reportable segments from those contained inAltisource's Annual Report on Form 10-K for the year endedDecember 31, 2021 filed with theU.S. Securities and Exchange Commission ("SEC") onMarch 3, 2022 . As ofDecember 31, 2021 ,Altisource operated with one reportable segment (total Company). EffectiveJanuary 1, 2022 ,Altisource's reportable segments changed as a result of a change in the way its Chief Executive Officer (the Company's chief operating decision maker) manages the business, allocates resources and evaluates performance, and the related changes in the Company's internal organization.Altisource conformed Exhibit 99.1 to reflect its new financial reporting structure, including its two operating segments-Servicer and Real Estate and Origination. The Company also reports Corporate and Others separately.Altisource filed its Quarterly Reports on Form 10-Q for the quarters and year-to-date periods endedMarch 31, 2022 ,June 30, 2022 andSeptember 30, 2022 onApril 28, 2022 ,July 28, 2022 andNovember 3, 2022 , respectively (collectively "2022 Quarterly Reports on Form 10-Q"). The information included in this Current Report on Form 8-K reflects changes to the disclosures related toAltisource's revised segment results and does not reviseAltisource's consolidated financial condition or results of operations nor does it reflect any events occurring after the filing of the 2021 Annual Report on Form 10-K. The Historical Consolidated Financial Statements and Notes will serve as the historical consolidated financial statements and notes ofAltisource for existing and future filings made pursuant to the Securities Act of 1933, as amended, untilAltisource files its Annual Report on Form 10-K for the year endedDecember 31, 2022 . This Current Report on Form 8-K, including the information contained in Exhibit 99.1, should be read in conjunction withAltisource's 2021 Annual Report on Form 10-K and the 2022 Quarterly Reports on Form 10-Q.
Item 9.01 Financial Statements and Exhibits
The following document is filed herewith as an exhibit hereto:
(d) Exhibits
Exhibit No. Description 99.1 Business, Management's Discussion and Analysis
of Financial Condition and
Results of Operations, the Historical Consolidated
Financial Statements and
Notes and other Form 10-K sections of Altisource
the year endedDecember 31, 2021 , reflecting
reporting structure, and including the Report of
Independent Registered
Public Accounting Firm datedMarch 3, 2022 , except
for Note 25, as to which
the date isDecember 12, 2022 99.2 Consent of Independent Registered Public
Accounting Firm (
McCann P.C. ) 101 The following Historical Consolidated Financial
Statements and Notes on Form
8-K ofAltisource Portfolio Solutions S.A. for the
year ended
2021, filed onDecember 9, 2022 , formatted in
Inline XBRL: (i) Consolidated
Balance Sheets as ofDecember 31, 2021 and
Consolidated Statements of Operations and
Comprehensive Income (Loss) for
each of the years in the two-year period ended
Consolidated Statements of Equity for each of the
years in the two-year
period endedDecember 31, 2021 ; (iv) Consolidated
Statements of Cash Flows
for each of the years in the two-year period ended
Notes to Consolidated Financial Statements. 104 Cover Page Interactive Data File (embedded within
the Inline XBRL document)
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