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SEC Modernizes Reg S-K Financial and MD&A Disclosure Rules | Perkins Coie


Item 301 (Selected Financial Data)
Last Five Years of Financial Data. Requires that the company disclose selected financial data in comparative tabular form for each of company’s last five fiscal years (along with any additional fiscal years necessary to prevent the information from being misleading).
Eliminated. This item was eliminated, as prior period financial disclosures are easily accessible through prior EDGAR filings.
Item 302(a) (Selected Quarterly Financial Data)
Two Years of Quarterly Financial Data. Requires that the company provide disclosure of two fiscal years and subsequent interim periods of selected quarterly financial data of specified operating results, along with disclosure of variances in those results from amounts previously reported in a Form 10-Q. ....

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SEC Amends MD&A and Financial Disclosure Rules | Sullivan & Worcester


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In November 2020, the SEC adopted amendments to Regulation S-K to modernize and simplify certain disclosure requirements related to Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) and other financial disclosures. These amendments reflect substantial changes to the applicable Regulation S-K items and represent a continued attempt by the SEC to update, modernize and streamline Regulation S-K and eliminate duplicative disclosures. The changes are intended to result in specifically tailored disclosures using a principles-based model that will allow investors to better understand a company’s business, as seen and analyzed through the lens of management. ....

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