Scot,
-you wrote-
"John - maybe you can answer a question regarding securities law: There's a form (the number escapes me right now) a company has to file with the SEC when significant events occur that might effect a company's future prospects."
-Here is a cut from the URL below which should answer your question-
"The routine periodic reports required to be filed with the SEC in compliance with the '34 Act are as follows:
Form 10-K, which must be filed annually within 90 days of the company's fiscal year end. Form 10-K is designed to update, on a continuing basis, the disclosures in your registration statement. Accordingly, Form 10-K includes the latest audited financial statements and a somewhat condensed version of the information disclosed in Form S-1.
Form 10-Q, which must be filed quarterly within 45 days after conclusion of each of the first three quarters. This report contains unaudited quarterly financial statements, management's discussion and analysis, and disclosure of certain specific reportable events.
Form 8-K, which must be filed within 15 days of (l) a change in control, (2) the acquisition or disposition of a significant amount of assets not in the ordinary course of business, (3) bankruptcy or receivership, or within 5 days following (4) changes in independent accountants or (5) certain resignations of directors. At the registrant's option, a Form 8-K may be filed for any event deemed important to security holders.
It is required that the company meet all of the due dates for these periodic reports. Failure to do so is a violation of the securities regulations and could result in adverse consequences for the company including enforcement action and the loss of the ability to use certain simplified registration forms for subsequent offerings of securities."
ice.kpmg.com
Regards...Craig |
