Thousands of NT (“non-timely”) filings are disclosed every year, but only a small percentage seems to trigger a significant market reaction. A non-timely filing is a notice that a company needs additional time to file periodic financial statements. (See here and here for more … Continue reading
Category Archives: Late Filings
Where Does Hertz Go From Here?
On May 13, 2014 Hertz (HTZ) notified the SEC that it wouldn’t be able to file its quarterly report (known as Form 10-Q) on time. In the filing (Form 12b-25, or NT 10-Q) Hertz disclosed that “additional work” was needed in order … Continue reading
Accounting-Related NT Filings
Following our recent post on the subject of non-timely filings, we now turn to the question of what explanation late filing companies give as the reason for the delay. The chart below presents a breakdown of the reasons given for the untimeliness in … Continue reading
Non-Timely Filings: An Overview
Companies, like we individual taxpayers, have to file their annual and quarterly reports within a given time frame. What happens when a company won’t be able to meet the filing deadline? Just as an individual can easily obtain an extension … Continue reading
SEC Comment Letters: Good Question, Let me Think About It
Interviewing for a job is something almost everyone has experienced. Some have done more, others less, but either way it is a fairly routine matter. A candidate sends in a resume, prepares a narrative, dresses up, appears on time and the … Continue reading