SEC Amends Forms 10-K, 10-Q, 8-K and Others
The SEC has issued final rules that reflect self-executing provisions of the JOBS Act. Because these rules were self-executing provisions of the JOBS Act, they do not change existing practice and were already well known. In addition, the rules reflect inflation-adjusted amounts for determining "emerging growth company" status under the JOBS Act, and other amounts related to Regulation Crowdfunding. The rules will be effective upon publication in the Federal Register.
However, the SEC also amended Securities Act Forms S-1, S-3, S-4, S-8, S-11, F-1, F-3 and F-4, and Exchange Act Forms 10, 8-K, 10-Q, 10–K, 20–F and 40-F. Broadly speaking, the cover page of the forms has been revised to include a "check the box" item to indicate that the person filing the report is an "emerging growth company," and an additional box to check as follows: "If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act."
As a result, the new rules will affect most every SEC form used by public companies.