It can be divided into three categories: non-accelerated disclosure companies (companies with public shares less than 750 million dollars), accelerated disclosure companies (companies with public shares greater than or equal to 750 million dollars and less than or equal to 700 million dollars) and large-scale accelerated disclosure companies (companies with public shares greater than or equal to 700 million dollars).
Disclosure time of annual reports of different listed companies in the United States:
For large-scale accelerated disclosure companies, the disclosure time requirement: the accounting year ending before 65438+February 65438+May 2006 is 75 days, and the accounting year ending after this date is 60 days.
Accelerate the company's disclosure, disclosure time requirement: 75 days.
Company's non-accelerated disclosure, disclosure time requirement: 90 days.
Appendix:
The disclosure of the annual reports of American listed companies is based on the relevant laws promulgated by the US Congress, mainly the Securities Law of 1933 and the Securities Exchange Law of 1934. 1933 Securities Law and 1934 Securities Exchange Law are the basic legal norms for information disclosure of public joint-stock companies. In addition, there are various rules or regulations formulated by the Securities and Exchange Commission (SEC), such as: regulations on the content and format of financial information disclosure (S-X regulations), regulations on the content and format of non-financial information disclosure (S-K regulations), financial report release (FRRs), financial report policy (FRP), accounting announcement of the first meeting and other relevant regulations and forms.
If a listed company fails to submit Form 10-K (Form 20-F for foreign companies) to the US Securities and Exchange Commission within the above time limit, it shall notify this Exchange before the time limit, and explain the reasons for the delay and the expected submission time. The Exchange will evaluate the above situation and whether the company meets the conditions for continued listing, and ask the company to release a message explaining the extension, reasons and expected filing time.