The SEC has approved an interim final rule that allows Form 10-K filers to provide a summary of business and financial information contained in the annual report.The rule implements a provision of the Fixing America's Surface Transportation (FAST) Act. Note that this will be optional for companies – they do not have to provide a summary but the idea behind this is that a summary may help investors better digest the lengthier and lengthier annual reports they have been receiving lately.Importantly, however, companies opting to provide the summary must include hyperlinks to the related, more detailed disclosure in the Form 10-K.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
