SEC Approves Interim Final Rule Amending Form 10-K to Allow Filers to Include a Summary Section

10 June 2016
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Key takeaways

  • The SEC issued an interim final rule, mandated by the FAST Act, amending Part IV of Form 10-K to permit, but not require, companies to include in their Form 10-K a summary of the business and financial information contained therein.
  • The amendment allows considerable flexibility with respect to the summary form, but requires companies to include hyperlinks to the related disclosure.
  • As in the case of a prospectus summary, we recommend that a 10-K summary be a fair and balanced summary of the information included elsewhere in the annual report and include a brief cautionary preface.