10-k and 10-q filings

Presentation 10-K and 10-Q Filings

When it comes to public disclosure mind your Ks and Qs

wwwDisclosureNetcom | Copyright copy 2013 DisclosureNettrade

Did you know Did you know

2


In 2012 the longest 10-K filing was 359 pages while the shortest was 1 page

359 pages 1 page

3


The average number of pages in a 10-K filing was 4317 pages

4317 pages

4


Did you also know

5


Regardless of length 10-K filings and 10-Q filings are two of the richest sources of intelligence for investors

stakeholders competitors and analysts

6


Why

7


These filings contain a wealth of information

Auditor information

Foreign operations

ProductsPlant and property

Directors and ocers

Current financials

Company summary

10-K filings

8

Financialstatements

Use ofproceeds

Exhibits

Legal proceedings

Controlprocedures

RiskfactorsMarket

risk

MDampAs

10-Q filings


9


When is information released

10


10-K filings

60 days afteryear-end

Filing due

Large accelerated filers


Accelerated filers


Non-accelerated filers

Filing due Filing due

11


10-Q filings

40 days after

quarter-end

Filing due

Large accelerated amp accelerated filers

45


days afterquarter-end

Filing due

12

In 2012 there were

8235 10-K filings

23863 10-Q filings


13

Not including amended filings


Of these

of 10-K filings were filed late

19

of 10-Q filings were filed late

13

14


Thatrsquos a lot of late filings

15

Why so many


16

Common reason for filing late 1


17


Outsourcing XBRL tagging

Pencils down time

=

18

The longer the pencils down time the higher the risk


19


With a pencils down time there is a higher risk of bottlenecks With more bottlenecks there aremore obstacles to achieve timely filing

20



21

Errors in financial statements


22


These are caused by weak internal controls or inecient reporting practices

23


44 of narratives within NT 10-K filings and 57 of narratives within NT 10-Qfilings contained issues related to financial statements

24


What happens when filings are late

25


Shareholders lose confidence

26


Late filings cause stock to drop an average of 244

196 decrease in stock value for late 10-Ks

293 decrease in stock value for late 10-Qs

Source ldquoFiling Late Make It a 10-K Not Your 10-Qrdquo CFOworld CFOWorld 2 May 2013 Web 04 Apr 2013 lthttpwwwcfoworldcomcompliance8632filing-late-make-it-10-k-not-your-10-qgt

27


The reason for filing late also impacts the

decrease in stock value

28


Filing late due to accounting reasons




29


When companies cited multiple reasons for filing late the impact on stock value was even more significant

30


Filing late due to multiple reasons

548 decrease in stock value for 10-Qs

473 decrease in stock value for 10-Ks


31


The best ways to prevent late and noncompliant 10-K and 10-Q filings

32


33

Print this Use a SEC filings Calendar to keep on top of deadlines

Read this Understand the truths about XBRL tagging

Know this A Guide to Common Filing Errors and How to Avoid Them

33

Resources


34

Would you like to learn more about how to pull intelligence from 10-K and 10-Q filings

Contact us

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Did you know Did you know

2



359 pages 1 page

3



4317 pages

4


Did you also know

5




6


Why

7



Auditor information

Foreign operations


Directors and ocers

Current financials

Company summary

10-K filings

8

Financialstatements

Use ofproceeds

Exhibits

Legal proceedings

Controlprocedures

RiskfactorsMarket

risk

MDampAs

10-Q filings


9



10


10-K filings


Filing due



Accelerated filers




11


10-Q filings

40 days after

quarter-end

Filing due


45



Filing due

12

In 2012 there were

8235 10-K filings

23863 10-Q filings


13



Of these


19


13

14



15

Why so many


16



17



Pencils down time

=

18



19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us






359 pages 1 page

3



4317 pages

4


Did you also know

5




6


Why

7



Auditor information

Foreign operations


Directors and ocers

Current financials

Company summary

10-K filings

8

Financialstatements

Use ofproceeds

Exhibits

Legal proceedings

Controlprocedures

RiskfactorsMarket

risk

MDampAs

10-Q filings


9



10


10-K filings


Filing due



Accelerated filers




11


10-Q filings

40 days after

quarter-end

Filing due


45



Filing due

12

In 2012 there were

8235 10-K filings

23863 10-Q filings


13



Of these


19


13

14



15

Why so many


16



17



Pencils down time

=

18



19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us






4317 pages

4


Did you also know

5




6


Why

7



Auditor information

Foreign operations


Directors and ocers

Current financials

Company summary

10-K filings

8

Financialstatements

Use ofproceeds

Exhibits

Legal proceedings

Controlprocedures

RiskfactorsMarket

risk

MDampAs

10-Q filings


9



10


10-K filings


Filing due



Accelerated filers




11


10-Q filings

40 days after

quarter-end

Filing due


45



Filing due

12

In 2012 there were

8235 10-K filings

23863 10-Q filings


13



Of these


19


13

14



15

Why so many


16



17



Pencils down time

=

18



19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us





Did you also know

5




6


Why

7



Auditor information

Foreign operations


Directors and ocers

Current financials

Company summary

10-K filings

8

Financialstatements

Use ofproceeds

Exhibits

Legal proceedings

Controlprocedures

RiskfactorsMarket

risk

MDampAs

10-Q filings


9



10


10-K filings


Filing due



Accelerated filers




11


10-Q filings

40 days after

quarter-end

Filing due


45



Filing due

12

In 2012 there were

8235 10-K filings

23863 10-Q filings


13



Of these


19


13

14



15

Why so many


16



17



Pencils down time

=

18



19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us







6


Why

7



Auditor information

Foreign operations


Directors and ocers

Current financials

Company summary

10-K filings

8

Financialstatements

Use ofproceeds

Exhibits

Legal proceedings

Controlprocedures

RiskfactorsMarket

risk

MDampAs

10-Q filings


9



10


10-K filings


Filing due



Accelerated filers




11


10-Q filings

40 days after

quarter-end

Filing due


45



Filing due

12

In 2012 there were

8235 10-K filings

23863 10-Q filings


13



Of these


19


13

14



15

Why so many


16



17



Pencils down time

=

18



19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us





Why

7



Auditor information

Foreign operations


Directors and ocers

Current financials

Company summary

10-K filings

8

Financialstatements

Use ofproceeds

Exhibits

Legal proceedings

Controlprocedures

RiskfactorsMarket

risk

MDampAs

10-Q filings


9



10


10-K filings


Filing due



Accelerated filers




11


10-Q filings

40 days after

quarter-end

Filing due


45



Filing due

12

In 2012 there were

8235 10-K filings

23863 10-Q filings


13



Of these


19


13

14



15

Why so many


16



17



Pencils down time

=

18



19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us






Auditor information

Foreign operations


Directors and ocers

Current financials

Company summary

10-K filings

8

Financialstatements

Use ofproceeds

Exhibits

Legal proceedings

Controlprocedures

RiskfactorsMarket

risk

MDampAs

10-Q filings


9



10


10-K filings


Filing due



Accelerated filers




11


10-Q filings

40 days after

quarter-end

Filing due


45



Filing due

12

In 2012 there were

8235 10-K filings

23863 10-Q filings


13



Of these


19


13

14



15

Why so many


16



17



Pencils down time

=

18



19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us




Financialstatements

Use ofproceeds

Exhibits

Legal proceedings

Controlprocedures

RiskfactorsMarket

risk

MDampAs

10-Q filings


9



10


10-K filings


Filing due



Accelerated filers




11


10-Q filings

40 days after

quarter-end

Filing due


45



Filing due

12

In 2012 there were

8235 10-K filings

23863 10-Q filings


13



Of these


19


13

14



15

Why so many


16



17



Pencils down time

=

18



19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us






10


10-K filings


Filing due



Accelerated filers




11


10-Q filings

40 days after

quarter-end

Filing due


45



Filing due

12

In 2012 there were

8235 10-K filings

23863 10-Q filings


13



Of these


19


13

14



15

Why so many


16



17



Pencils down time

=

18



19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us





10-K filings


Filing due



Accelerated filers




11


10-Q filings

40 days after

quarter-end

Filing due


45



Filing due

12

In 2012 there were

8235 10-K filings

23863 10-Q filings


13



Of these


19


13

14



15

Why so many


16



17



Pencils down time

=

18



19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us





10-Q filings

40 days after

quarter-end

Filing due


45



Filing due

12

In 2012 there were

8235 10-K filings

23863 10-Q filings


13



Of these


19


13

14



15

Why so many


16



17



Pencils down time

=

18



19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us




In 2012 there were

8235 10-K filings

23863 10-Q filings


13



Of these


19


13

14



15

Why so many


16



17



Pencils down time

=

18



19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us





Of these


19


13

14



15

Why so many


16



17



Pencils down time

=

18



19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us






15

Why so many


16



17



Pencils down time

=

18



19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us




Why so many


16



17



Pencils down time

=

18



19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us






17



Pencils down time

=

18



19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us






Pencils down time

=

18



19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us






19



20



21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us






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21



22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us






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22



23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us






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23



24



25



26






27




28






29



30






31



32


33




33

Resources


34


Contact us






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24



25



26






27




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31



32


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Resources


34


Contact us






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25



26






27




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Resources


34


Contact us






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26






27




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29



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Resources


34


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Resources


34


Contact us






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Resources


34


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Resources


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Contact us





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Contact us




10-k and 10-q filings

Economy & Finance