20 Mar 2025
📄SEC Notice on Form 11-K Extension and Business Implications
Submission for OMB Review; Comment Request; Extension: Form 11-K
Summary
The Securities and Exchange Commission has submitted a request for an extension of Form 11-K, which is required for employee stock purchase and savings plans. The form provides necessary financial information for employees, and its reporting requirements are essential for issuers under the Securities Act. The notice also outlines the burden hours and costs associated with the form submissions.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The notice relates to the extension of Form 11-K for employee stock plans, which impacts compliance and reporting obligations for issuers. Businesses must ensure they adhere to regulation updates and understand the associated costs, estimated at over $7 million annually.