On December 13, 2022, the staff of the Division of Corporate Finance (the “SEC”) revised and expanded its Compliance and Disclosure Interpretations (“CDIs”) on reporting non-GAAP financial measures in SEC filings and press releases. The CDIs present an opportunity for counsel to review the use of non-GAAP financial measures with
Non-GAAP Financial Measures
SEC Issues Guidance on Deadline for Part III Information Omitted From Form 10-K
The SEC issued new guidance yesterday supplementing its previously-announced COVID-19 order that gives relief from Exchange Act filing deadlines (see our blog post about the COVID-19 order here). The guidance details how the order applies to companies that omitted from their annual report on Form 10-K the information required…
SEC Guidance on Coronavirus Disclosures
Please see our updated post here.
The SEC, together with the PCAOB, recently updated guidance to reporting companies on issues arising from the coronavirus (COVID-19) outbreak. On February 19, 2020, SEC Chairman Clayton, PCAOB Chairman William Duhnke, and senior members of the SEC staff advised that, while specific analysis…
Nasdaq FAQs on SEC Shutdown and IPOs
On January 24, 2019, Nasdaq issued FAQs addressing, among other things, new listings during the government shutdown. Nasdaq noted that under the SEC’s December 2018 Operations Plan Under A Lapse in Appropriations and Government Shutdown the review and acceleration of the effectiveness of registration statements by issuers for securities offerings…