Current needs. Section 102 requires a company to “reveal the character of its main facilities, mines and other important physical characteristics.” The combination of disclosure standards in point 102 and their instructions resulted in disclosure that was not always essential to investors. Section 1.01 of Form 8-K requires disclosure or modification of a substantial final agreement that is not entered into in the ordinary activity of a company in which the company is involved or has an economic interest and which must be made on or after the date of publication. Essential contracts can be entered into by the public company or a subsidiary. Article 1.01 defines an essential final agreement as an agreement providing for obligations applicable to the company or rights enforceable by the company, even if they are subject to conditions. It is important to recognize that the SEC`s concept of “material contract” has not been changed by the new Rules on Form 8-K. Where Section 601 of the S-K Regulation requires that a contract be presented as an object of exposure in periodic reports or registration declarations as an essential contract, the entry into that contract (or termination) of that contract triggers a reporting obligation on Form 8-K. The instructions to Article 1.01 of Form 8-K, point 601 of the S-K Regulation, to identify contracts that are considered to have not been properly concluded and which must be declared “not negligible or significant”, even if they are different from those normally associated with the company`s activities. Point 601 b) (10) (a) (a) (D) of Regulation S-K indicates four such situations: omission of schedule and exhibition facilities (point 601 a) (5)). As a general rule, companies are required to provide full copies of exhibitions, including each appendix, regardless of their importance or importance; only Section 601 (b) (2) authorizes the submission of acquisition contracts without a timetable or similar schedules, if they are not substantial. The new paragraph 601 bis (5) would also authorize the omission of similar schedules and schedules to other exhibitions, provided they do not contain substantial information and the information is not disclosed elsewhere in the exhibition or in the disclosure document.
Instead, companies would be required to submit to each panel a list of the content of the omitted calendars and to complete them on request (although no agreement is required to equip them). Comparable provisions are added to Reg M-A`s 1016 issuance requirements. Changing. As of April 2, 2019, companies may omit confidential information from corporate contracts submitted in point 601 (b) (10) and certain other documents, without applying to the SEC for confidential treatment if the information meets certain conditions. The conditions are as follows: information (1) must not be essential and (2) cause harm to competition to the company during public advertising.