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Current report


Public reporting companies in the United States besides regular quarterly reports (10-Q) and annual report (10-K) must report certain current events on the form 8-K and file it with Securities and Exchange Commission (SEC) pursuant to Securities Exchange Act of 1934.
Form 8-K provides shareholders and investors with current information enabling them to make informed decision.

Certain unscheduled material corporate events happen between filing for quarterly and annual reports that need to be reported to the shareholders. Event is material when it could affect reasonable shareholder's investment decision for example bankruptcy, restructuring of the company or acquisition. SEC has outlined nine sections with subsections for different type of events: Registrants business and operations, Financial information, Securities and trading markets, Matters related to accountants and financial statement, Corporate governance management, Asset-backed securities, Regulation FD, Other events and Financial statement and Exhibits. For more details about subsections look here. Some of the most common include entry into or termination of material agreement, completion of an acquisition, unregistered sales of equity securities, changes in company's certifying accountant, changes in control of the company, election or departure of directors and principal officers, material modifications to rights of security holders, changing the fiscal year.

Form 8-K has two major parts, the name and description of the event and relevant exhibits like financial statement, press release or data tables. Often information in the 8-K affects company's share price because it reports about important events for shareholders. Unlike quarterly and annual report which are scheduled in advance, companies utilize 8-K reports as needed. Usually events are reported within four business days after the occurrence with some exceptions. Reg FD requirements may be due earlier than usual four business days while an auditor restatement letter must be reported within two business days. The financial statement of acquired business must be acquired must be filed within 71 calendar days of the initial Form 8-K announcing transaction. Late filing may negatively affect stock price and damage your reputation in addition to possible SEC penalties. If you are making quarterly or annual report you don't have to use Form 8-K, just include it in the regular report. Also you can file one Form 8-K for reporting multiple material events.

To be sure to recognize when Form 8-K is required and avoid the mistakes of late filing, not including enough information or prematurely releasing information feel free to contacts us. Mina Mar Group supports clients every step of the way on their journey to reach their objectives on the stock market.
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