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Is summer giving all the folks who normally slave to make SEC filings as boring as possible an opportunity to loosen up? The evidence may be anecdotal, but it’s growing. Exhibit A was this dead frogs disclosure from two weeks ago. Now, via fund of funds Ascendant Capital Partners, which filed this offering statement yesterday [...]
In nearly six years of digging through SEC filings, we’ve seen a lot. All sorts of things, really. But every now and then, we come across a filing that still surprises us. Like the 8-K that Expeditors International (EXPD) filed yesterday. The filing is in response to a question on legal expenses related to a [...]
In the 10-K that storied rifle and shotgun manufacturer Remington Arms Co., Inc. filed on Tuesday, it had an interesting observation: “Management believes that despite the challenges in the banking industry, the resulting stock market drop, unstable fuel prices and the ensuing government bailout, we have experienced no significant adverse impact in our overall sales. We [...]
While we here at footnoted haven’t criticized the SEC for being asleep at the wheel on Bernie Madoff or the financial crisis, plenty of others have (see here and here among others). So you can imagine our surprise when we came across this comment letter that the SEC sent to online travel company Orbitz Worldwide [...]
Anyone who reads filings regularly knows that they’re often painfully dry. That’s mostly because they’re written in a foreign language: accounting-speak combined with legal-speak and a bit of PR/marketing speak for good measure. Which is why it’s so refreshing when you come across a filing with something of a sense of humor. It’s almost like [...]
