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"SEC Amends Electronic Filing Requirements for Form 144, Form 11-K, and Annual Reports," Jones Walker LLP Banking & Financial Services Newsletter

By John J. Spidi

Newsletter

July 28, 2022

On June 2, 2022, the Securities and Exchange Commission (SEC) adopted amendments to its electronic filing requirements for certain forms and reports that were previously filed as paper copies. Pursuant to the final rules, which became effective on July 11, 2022, certain documents are now required to be filed with the SEC electronically via EDGAR. Most notably, the final rules require that Notice of Proposed Sale of Securities by an "affiliate" (insider) on Form 144 and "glossy" annual reports to stockholders are to be filed with the SEC via EDGAR. Under the amendments, the glossy annual report to security holders should not be reformatted, resized, or otherwise redesigned for purposes of the submission on EDGAR. With respect to Annual Reports of Employee Stock Purchase, Savings and Similar Plans on Form 11-K, the final amendments mandate the use of Inline eXtensible Business Reporting Language (Inline XBRL) for the filing of the financial statements and accompanying schedules to the financial statements required by Form 11-K. Continue reading >

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    John J. Spidi
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    Partner
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    Emailjspidi@joneswalker.com

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