On June 2, 2022, the SEC adopted a Final Rule that requires companies to electronically file a number of documents currently filed on paper.  Included in the group of forms that will now be filed electronically are:

• The annual report to shareholders required by the proxy rules,
• Certain Rule 144 filings, and
• Form 11-K, which will also require XBRL tagging.

You can read more details for all the forms that will be required to be filed electronically in this Press Release and the accompanying Fact Sheet.

The phase in requirements include:

• For the annual report to shareholders, six months after the effective date of the amendments;
• For Form 144, six months after the date of publication of the final Rule in the Federal Register; and
• For Form 11-K, including application of XBRL, three years after the effective date of the applicable amendments

The rule will be effective 30 days after Federal Register publication.

As always, your thoughts and comments are welcome!