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Simple English definitions for legal terms

accelerated filer

Read a random definition: business records exception

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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21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
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