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Large Accelerated Filer
Practical Law Glossary Item 1-382-3570 (Approx. 3 pages)
Glossary
Large Accelerated Filer
A public company that meets all of the following conditions as of the end of its fiscal year:
- The aggregate worldwide market value of the company's voting and non-voting common equity held by non-affiliates (or public float) was $700 million or more as of the last business day of its most recently completed second fiscal quarter.
- The company has been subject to the reporting requirements of Section 13(a) or 15(d) of the Exchange Act for at least 12 calendar months.
- The company has previously filed at least one annual report under Section 13(a) or 15(d) of the Exchange Act.
- The company is not eligible for smaller reporting company status because it does not meet the revenues requirement (which includes the initial determination of annual revenues of less than $100 million for the most recently completed fiscal year).
(Rule 12b-2, Exchange Act.)
A company's accelerated filer status should be re-evaluated each year as of the end of its fiscal year.
For more information on large accelerated filer status, see Determining Filer Status Chart.
For a chart listing the deadlines for when a public company's Form 10-K and Form 10-Q reports are due, depending on whether the company is a large accelerated filer, an accelerated filer or a non-accelerated filer, see Deadlines for Filing Periodic Reports: Chart.