For any number of reasons, a reporting company (as determined by Sections 13 or 15(d) of the Exchange Act of 1934[1]) may not file the required quarterly (10-Q) and annual (10-K) periodic reports. By not staying current on its filings, a company becomes delinquent and therefore, can be severely sanctioned by both the exchange on…
During the aftermath of the great recession, many companies have become delinquent in their periodic quarterly (“10-Q”) and annual (“10-K”) securities filings because they could not raise enough capital to pay the multitude of professionals involved with their public company reporting. As many commentators have noted, the Securities and Exchange Commission (“SEC”) generally requires later…
