{"id":1724,"date":"2020-04-09T12:52:32","date_gmt":"2020-04-09T16:52:32","guid":{"rendered":"https:\/\/seci.wpenginepowered.com\/?p=1724"},"modified":"2020-04-09T12:52:32","modified_gmt":"2020-04-09T16:52:32","slug":"an-example-of-covid-19-forewarning-disclosures","status":"publish","type":"post","link":"https:\/\/seciblog.pli.edu\/index.php\/an-example-of-covid-19-forewarning-disclosures\/","title":{"rendered":"An Example of COVID-19 Forewarning Disclosures"},"content":{"rendered":"<p>In our recent One-Hour Briefing \u201c<a href=\"https:\/\/www.pli.edu\/programs\/covid-19-challenges-for-first-quarter-2020-form-10-q-and-annual-meetings?t=ondemand\">COVID-19 Challenges for First Quarter 2020 Form 10-Q and Annual Meetings<\/a>\u201d we reviewed the SEC\u2019s forewarning disclosure requirements.\u00a0 Thanks to one of the folks listening to the briefing here is <a href=\"https:\/\/www.bp.com\/en\/global\/corporate\/news-and-insights\/press-releases\/bp-details-covid19-response-and-provides-market-update.html\">an example from BP<\/a>.\u00a0 While this is in a press release, it is an early warning and is a reasonable example of the language that would be appropriate in MD&amp;A.\u00a0 Towards the bottom of the <a href=\"https:\/\/www.bp.com\/en\/global\/corporate\/news-and-insights\/press-releases\/bp-details-covid19-response-and-provides-market-update.html\">press release<\/a> in a section titled \u201cFirst quarter update,\u201d BP makes this statement:<\/p>\n<p style=\"padding-left: 30px;\">\u201cBP continues to review potential first quarter impairment charges and currently expects to take a non-cash, non-operating charge of around $1 billion in the quarter\u201d<\/p>\n<p>Thanks to all of you who have listened to our <a href=\"https:\/\/www.pli.edu\/coronavirus\">COVID-19 related programs<\/a>, all of which are available without charge, and as always, your thoughts and comments are welcome.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In our recent One-Hour Briefing \u201cCOVID-19 Challenges for First Quarter 2020 Form 10-Q and Annual Meetings\u201d we reviewed the SEC\u2019s forewarning disclosure requirements.\u00a0 Thanks to one of the folks listening to the briefing here is an example from BP.\u00a0 While this is in a press release, it is an early warning and is a reasonable &hellip; <a href=\"https:\/\/seciblog.pli.edu\/index.php\/an-example-of-covid-19-forewarning-disclosures\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">An Example of COVID-19 Forewarning Disclosures<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[245],"tags":[],"coauthors":[154],"class_list":["post-1724","post","type-post","status-publish","format-standard","hentry","category-covid-19"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=1724"}],"version-history":[{"count":0,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1724\/revisions"}],"wp:attachment":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=1724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=1724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=1724"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/coauthors?post=1724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}