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Simple English definitions for legal terms

accelerated filer

Read a random definition: British subject

A quick definition of accelerated filer:

Accelerated filer: A type of company that has to file their financial reports faster than other companies. To be an accelerated filer, a company must have a certain amount of money that people can buy shares in (between $75 million and $700 million), have been filing reports for at least a year, and have filed at least one big report before. They have to file their big report (called a Form 10-K) within 75 days and their smaller report (called a Form 10-Q) within 40 days.

A more thorough explanation:

An accelerated filer is a type of company that has to meet shorter deadlines to file their periodic reports. The Securities and Exchange Commission (SEC) has established specific requirements that a company must meet to qualify as an accelerated filer.

According to SEC Rule 12b-2, a company must have a public float of between $75 million and $700 million, have been filing periodic reports for at least 12 months, have previously filed at least one annual report (such as Form 10-K), and not be a smaller reporting company.

Once a company meets these requirements, they have 75 days to file their Form 10-K and 40 days to file their Form 10-Q.

Company XYZ has a public float of $500 million and has been filing periodic reports for the past 18 months. They have previously filed their annual report (Form 10-K) and are not considered a smaller reporting company. Therefore, they meet the requirements to be classified as an accelerated filer.

As an accelerated filer, Company XYZ must file their Form 10-K within 75 days of the end of their fiscal year and their Form 10-Q within 40 days of the end of each fiscal quarter.

This example illustrates how a company can qualify as an accelerated filer and the specific deadlines they must meet for filing their periodic reports.

accelerated depreciation | acceleration

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
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im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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