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ARTICLE · 05 APRIL 2023

SEC Disclosure Considerations Following Bank Sector Disruptions

Mayer Brown
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Recent failures of certain domestic and international banks and resulting government intervention, acquisitions and subsequent developments have resulted in significant disruption...

United StatesCompliance
John Berkery
John Berkery
Jerry R. Marlatt
Jerry R. Marlatt
Shayda M. Milani
Shayda M. Milani
Anna T. Pinedo
Anna T. Pinedo
Laura Richman
Laura Richman
David Schuette
David Schuette
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Recent failures of certain domestic and international banks and resulting government intervention, acquisitions and subsequent developments have resulted in significant disruption in the bank sector. Compliance with U.S. securities laws is important, especially in times of heightened uncertainty. This alert focuses on the impact that the current volatility may have on disclosures that public companies make in their filings with the U.S. Securities and Exchange Commission (SEC).

Since the recent bank failures, hundreds of companies have filed current reports on Form 8-K to report impacts that the bank sector disruptions have had on their businesses. Companies should continue to assess whether developments in this area should be disclosed currently on Form 8-K, as well as consider the impact of the bank sector disruptions in connection with future filings with the SEC, such as annual reports on Form 10-K, quarterly reports on Form 10-Q and registration statements

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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