The Securities and Exchange Commission (SEC) has provided welcome relief to companies that have been directly or indirectly affected by Hurricanes Harvey, Irma or Maria and their respective aftermaths. The relief includes certain relaxed filing deadlines for Securities Exchange Act reports and for determining a company’s eligibility to use Forms S-3 and S-8, and meeting the current public information requirements of Rule 144(c). Companies availing themselves of the relaxed deadlines must state in associated filings that they are relying on the SEC’s relief and the reasons why, in good faith, those filings could not be made on a timely basis.
For additional information, the SEC order granting relief is available here, and a copy of the accompanying press release is available here. We are available to assist if you have questions.
This memorandum is provided by Skadden, Arps, Slate, Meagher & Flom LLP and its affiliates for educational and informational purposes only and is not intended and should not be construed as legal advice. This memorandum is considered advertising under applicable state laws.