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Red Flags

Filings a company makes when something has gone wrong, or is about to: a missed reporting deadline (NT 10-K/Q), a delisting from its exchange (Form 25), a deregistration that ends SEC reporting altogether (Form 15), or an insider's notice of intent to sell restricted stock (Form 144). Any one can be routine — Form 144s are filed constantly, and a late filing is sometimes just a late filing — so what is worth reading here is the pattern and the timing.

Late filings · 1 Deregistrations · 1
Notable Deregistration (Form 15) October 28, 2008
Warning Late filing notice — 10-Q August 12, 2008

Due to the ongoing negotiations relating to the potential restructuring by Mrs. Fields Famous Brands, LLC (the “Company”) and certain affiliates, the recent resignation of the Company’s Chief Execu...

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