The SEC requested comments on the "nature, content
and timing" of quarterly reports submitted by reporting
companies.
In particular, the SEC seeks feedback on the relationship
between the quarterly reports that Exchange Act reporting companies
are required to provide on Form 10-Q and the earnings releases they
voluntarily provide on Form 8-K. The SEC stated that it wants to
simplify the process by which "investors access, process, and
evaluate information" (e.g., by mitigating any
burdens associated with investors' efforts to compare earnings
releases and Form 10-Q to identify new information). In addition,
the SEC wants input on how it could improve or, at a minimum,
maintain the investor protection benefits of disclosure while also
reducing the costs for companies of complying with quarterly
reporting requirements.
