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Not All Filers Are Accelerated Equal

Not All Filers Are Accelerated Equal

by Toby Lucich on March 17, 2007

Large accelerated filers — U.S. companies with a market capitalization of at least $700 million — have struggled to meet a new Securities and Exchange Commission filing deadline, according to institutional research firm Glass, Lewis.

Beginning this year, these companies must file their annual report with the SEC within 60 days after their fiscal year-end, 15 days earlier than under the previous deadline.

Glass, Lewis found that of the roughly 1,300 large accelerated filers with a calendar year-end, 81 did not file by March 1; last year, only 55 companies requested more time.

Not All Filers Are Accelerated Equal

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