Public company reporting Flashcards
What is the purpose of Form 8K?
Form 8-K is a form required to be filed by all companies registered with the Securities and Exchange Commission (SEC). The form reports on major corporate events, including corporate asset acquisitions/disposals, accountant changes, financial statement changes, management changes, changes in securities, etc.
What is Form 10K? What are the due dates for filing?
Form 10K is the annual report that must be filed by every US registered (public) company. The report provides details to current and prospective investors about the business of a company and the relevant risk factors it faces, its financial and operating results for the year and the prospective of its executive leadership.
Filing deadline relative to the fiscal year end as follows -
- 60 days for the large accelerated filers
- 75 days for the accelerated filers, and
- 90 days for all other registrants.
What are the different classification of filers for Form 10K?
- Large Accelerated filer: worldwide market value of outstanding common equity held by the non-affiliates of $700 million or more as of the last business day of the issuer’s most recently completed second fiscal year quarter.
- Accelerated filer: worldwide market value of outstanding common equity held by the non-affiliates of $75M to less than $700M and annual revenue of $100M or more.
- Other filers: Smaller reporting companies which are the entities with revenue of less than $100M and can not be classified as Large or Accelerated filers.
What is Form 10Q? What are the due dates for filing?
Form 10Q is the quarterly report that must be filed by every US registered (public) company for each of the first three quarters of every fiscal year. The report provides an overview of business operations, financial statements, non-financial information and relevant disclosures.
The deadlines to the related fiscal quarter end are as follows:
- 40 days for the large accelerated and accelerated filers.
- 45 days for other filers.
