SEC Proposed Amendments for Accelerated and Large Accelerated Filer Definitions

By | 06/04/2019 | 10:03 am ET

The Securities and Exchange Commission (SEC) recently proposed amendments for the definitions of both an “accelerated filer” and “large accelerated filer” under the Securities Act Rule 405, Exchange Act Rule 12b-2, and Item 10(f) of Regulation S-K. Prior Smaller Reporting Company Definition Amendments Last year, the SEC amended the definition of a smaller reported company (SRC) to now include companies that have less than $250 million in public float. They…

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SEC Extends Qualifications for SRC’s and Scaled Disclosures

By | 07/20/2018 | 7:57 pm ET

The Securities and Exchange Commission (SEC) expanded the number of companies that qualify as a “smaller reporting company” (SRC) and the existing scaled disclosure accommodations for these SRC’s. The SEC estimates that approximately 1000 companies will now qualify for the scaled disclosures. Scaled disclosures enable companies to provide less information, specifically for executive compensation and only submit audited financial statements for two fiscal years, compared to the three fiscal years…

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