Define: Non Accelerated Filer

A non-accelerated filer is a company that does not meet the criteria to be classified as an accelerated filer under the Securities and Exchange Commission (SEC) regulations.

To be classified as a non-accelerated filer, a company must have a public float of less than $75 million or have no public float and annual revenues of less than $50 million.

Non-accelerated filers are required to file annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K with the SEC. However, they are not required to provide an auditor’s attestation of internal control over financial reporting.

Yes, non-accelerated filers are subject to the same disclosure requirements as accelerated filers. They must provide the same financial statements, management’s discussion and analysis, and other required disclosures in their filings.

Yes, a company can change its filing status from non-accelerated filer to accelerated filer if it meets the criteria for accelerated filer status in the subsequent fiscal year.

One advantage of being classified as a non-accelerated filer is that the company is not required to provide an auditor’s attestation of internal control over financial reporting, which can reduce compliance costs.

No, non-accelerated filers are not exempt from any other SEC regulations. They must comply with all applicable securities laws and regulations.

Yes, non-accelerated filers can still be subject to SEC enforcement actions if they violate securities laws or regulations.

There are no specific disclosure requirements that apply only to non-accelerated filers. They must comply with the same general disclosure requirements as all other public companies.

Yes, non-accelerated filers have the option to voluntarily follow the reporting requirements of accelerated filers if they wish to provide additional assurances to investors and stakeholders.