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April 24, 2002
SEC filings and the public company
The SEC requires several documents to be filed by public companies each year.
Once a year companies publish a high-gloss, we-are-going-to-conquer-the-world annual report. This report paints a rosy picture of the companies activities and future potential and is distributed to all share holders.
The company also files a 10-K with the SEC. The 10-K contains a description of the companies business and a geographical breakdown of its performance for the year. All legal proceedings, execution compensation, risks, and by-laws have to be listed in this document. The company's audited financial statements are also present in this document.
The company files a 10-Q in every quarter that a 10-K hasnt been filed. A 10-Q contains the unaudited financial statements of the company for that quarter. Any spin-offs, acquisitions are listed in this document. All 8-K's filed in that quarter are listed.
An 8-K is filed whenever a material change occurs in a company during the quarter. Spinoffs, mergers, preliminary financial results are all disclosed as 8-K's.
S-1 is a prospectus of a company. It details the nature of the business, future outlook, reason for raising money etc.
Posted at April 24, 2002 08:35 PM