On July 26, 2023, the SEC adopted a Final Rule significantly expanding cybersecurity disclosure requirements. The rule adds Item 1.05 to Form 8-K to disclose material cybersecurity incidents and new Item 106 to Regulation S-K to require annual disclosures about
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Cybersecurity Risk Rulemaking Moving Towards a Final Rule
On July 19, 2023, the SEC announced that they will hold an open meeting on July 26, 2023 to consider adopting final rules “to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and incidents by public companies that
CorpFin Issues Sample Letter to Companies Focused on China Specific Disclosures
On July 17, 2023, CorpFin issued a Sample Letter to Companies focused on disclosure obligations for companies “based in or with a majority of their operations in the People’s Republic of China.”
The sample letter addresses three areas:
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- Disclosure obligations
So Many Form 10-Q and 10-K Changes! [Part 4 of 5] Details of Share Repurchase Disclosure Modernization
As we overviewed in the first post in this series, in late 2022 and early 2023, the SEC adopted four Final Rules that created a raft of new and detailed reporting requirements in Forms 10-Q and 10-K.
This is the
So Many Form 10-Q and 10-K Changes![Part 3 of 5] – Listing Standards for Recovery of Erroneously Awarded Compensation Disclosures
As we overviewed in the first post in this series, in late 2022 and early 2023, the SEC adopted four Final Rules that created a raft of new and detailed reporting requirements in Forms 10-Q and 10-K.
This is the
So Many Form 10-Q and 10-K Changes! [Part 2 of 5] Insider Trading Arrangements and Related Disclosures (Rule 10b5-1 Plans)
As we overviewed in the first post in this series, in late 2022 and early 2023, the SEC adopted four Final Rules that created a raft of new and detailed reporting requirements in Forms 10-Q and 10-K.
This is the
So Many Form 10-Q and 10-K Changes! [Part 1 of 5]
In late 2022 and early 2023, the SEC adopted four Final Rules that created a raft of new and detailed reporting requirements in Forms 10-Q and 10-K. (The rules also affected proxy statements – more about that in a later
Focus on SEC Comments – Non-GAAP Measure EBITDA Adjustments – Part Two
As we discussed in the preceding post in this series, non-GAAP measures have been at or near the top of frequent SEC comment letter topics for several years. The earlier post explored Rite Aid’s adjustment for “facility exit and
Focus on SEC Comments – Non-GAAP Measure EBITDA Adjustments – Part One
Non-GAAP measures have been at or near the top of frequent SEC comment letter topics for several years. While some non-GAAP comments deal with straightforward issues such as not presenting the related GAAP measure with equal or greater prominence, other