Sectors
Foley & Lardner LLP partners Louis Lehot and Patrick Daugherty were quoted in the PitchBook article, “SEC’s mailbox: Semiannual reporting is a bad idea, say investors,” discussing the SEC’s proposal to allow public companies to report financial results semiannually rather than quarterly.
Lehot noted that semiannual reporting “could result in annual savings of up to $200,000 for public companies — a rounding error for a mega-cap, but a significant outlay for a small-cap.” Daugherty and Lehot added that the SEC could still consider limiting this flexibility to smaller companies.
