Interview Bill Murphy Its Bigger Than Silver They Are Manipulated You

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A public company’s disclosure obligations begin with the initial registration statement that it  files with the SEC.  But the disclosure requirements don’t end there.  Public companies must continue to keep their shareholders informed on a regular basis by filing periodic reports and other materials with the SEC.  The SEC makes these documents publicly available without charge on its EDGAR website.  The filed documents are subject to review by SEC staff for compliance with federal securities laws. 

Following are some of the reports that may be filed by U.S.-based public companies.  Foreign companies that file reports with the SEC may file different types of reports.

  • Annual Reports on Form 10-K. This report includes the company’s audited annual financial statements and a discussion of the company’s business results.  For suggestions on making your way through an annual report, you may be interested in our How to Read a 10-K and Beginner’s Guide to Financial Statements.
  • Quarterly Reports on Form 10-Q.  Public companies must file this report for each of the first three quarters of their fiscal year.  (After the fourth quarter, public companies file an annual report instead of a quarterly report.)  The quarterly report includes unaudited financial statements and information about the company’s business and results for the previous three months and for the year to date. The quarterly report compares the company’s performance in the current quarter and year to date to the same periods in the previous year.
  • Current Reports on Form 8-K.  Companies file this report with the SEC to announce major events that shareholders should know about, including bankruptcy proceedings, a change in corporate leadership (such as a new director or high-level officer), and preliminary earnings announcements.  For more, see our How to Read an 8-K.
  • Proxy Statements.  Shareholder voting constitutes one of the key rights of shareholders.  They may elect members of the board of directors, cast non-binding votes on executive compensation, approve or reject proposed mergers and acquisitions, or vote on other important topics.  Proxy statements describe the matters to be voted upon and often disclose information on the company’s executive compensation policies and practices.
  • Additional Disclosures.  Other federal securities laws and SEC rules require disclosures about a variety of events affecting the company.  These include proposed mergers, acquisitions and tender offers; securities transactions by company insiders, and beneficial ownership by a person or group that reaches or exceeds five percent of the company’s outstanding shares.
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