The 10-K filings trickling into the Securities and Exchange Commission offer a glimpse into how companies are handling the new disclosures required under a number of recent SEC rule changes.
From the looks of filings so far, issuers’ approaches to one new rule—the required disclosure of unresolved SEC staff comments—are all over the map. Broc Romanek, editor of the blog TheCorporateCounsel.net, noted last week that disclosures “vary quite a bit.” While some filers specify the number of unresolved comments and provide detailed information regarding their nature, others are “much more general.”
