Quarterly versus semiannual reporting is a hot topic in the world of SEC reporting.  While there has been no official regulatory action, semiannual reporting has been mentioned and discussed by SEC officials in a number of settings.

The discussion today, however, is not the first focused on this issue.  In the 1950s and 1960s, U.S. public companies reported semi-annually.  It was not until 1970 when quarterly reporting was first required.  In 2018 and 2019, as part of a process to consider returning to semiannual reporting, the SEC issued a formal Request for Comment and received a number of comment letters.  These documents provide a bit of context and enumerate a number of considerations that will likely be relevant for this current discussion.

As always, your thoughts and comments are welcome!