15 Jan 2025
📊SEC Solicits Comments on Proposed Extension of Form 11-K Reporting
Proposed Collection; Comment Request; Extension: Form 11-K
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed collection under Form 11-K imposes compliance and reporting requirements for businesses that offer employee stock purchase and savings plans. This results in significant internal burden hours and costs for businesses, estimated at over $7 million annually, indicating a direct financial implication for business owners.