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LSDefine

Simple English definitions for legal terms

accelerated filer

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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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TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
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