What is Item 404 A of Regulation SK?
Item 404(a) requires disclosure of nonaccrual, past due, restructured and potential problem loans from banks, savings and loan associations or broker-dealers extending credit under Federal Reserve Regulation T. Instruction 4.
What is an SK disclosure?
Regulation S-K is a Securities and Exchange Commission (SEC) regulation that outlines how registrants should disclose material qualitative descriptors of their business on registration statements, periodic reports, and any other filings.
What is an SK filing?
Regulation S-K is a prescribed regulation under the US Securities Act of 1933 that lays out reporting requirements for various SEC filings used by public companies.
What is a related party transaction SEC?
“Related Party Transaction” means any transaction, arrangement or relationship, or any series of similar transactions, arrangements or relationships, in which (i) the Company or any of its subsidiaries is or will be a participant, and (ii) any Related Party has or will have a direct or indirect interest.
What is an indirect material interest?
Material Interest means direct or indirect ownership of more than 5 percent of the total assets or capital stock of any business entity. For the purposes of this act, indirect ownership does not include ownership by a spouse or minor child.
Who does Regulation S-K apply to?
Regulation S-K applies to the following areas: Registration statements under the Securities Act of 1933. Registration statements under section 12 of the Securities Exchange Act of 1934. Annual and other ongoing reports.
Does Regulation S-K apply to Form 10-Q?
What exhibits are required to be filed with Form 10-Q? In addition to the various applicable exhibits required by Item 601 of Regulation S-K, the following documents must be filed as exhibits to each Form 10-Q: Sarbanes-Oxley certifications; • XBRL files; and • mine safety disclosure exhibit (if applicable).
What is item 404 of Regulation S-K?
Item 404 of Regulation S-K requires a registrant to provide a description of transactions over $120,000 with persons who have a direct or indirect material interest in which the registrant was (or is to be) involved.
What is the difference between item 404 (a) and 404 (b)?
Item 404 (b) (1) requires disclosure regarding policies for the review, approval or ratification of the types of related person transactions that would be disclosed under Item 404 (a). [Mar. 13, 2007]
What is a related person for the purposes of item 404?
Instructions to Item 404 (a). 1. For the purposes of paragraph (a) of this Item, the term related person means: a. Any person who was in any of the following categories at any time during the specified period for which disclosure under paragraph (a) of this Item is required:
Is compensation disclosure required under item 402 (K) of Regulation S-K?
Question: Is director compensation disclosure required under Item 402 (k) of Regulation S-K for a person who served as a director for part of the last completed fiscal year, even if the person was no longer a director at the end of the last completed fiscal year? Answer: Yes.