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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 · 2
Warning Late filing notice — 10-K April 14, 2005

As previously announced on Form 8-K filed March 16, 2005, Company management made, and discussed with the Audit Committee of the Board of Directors and the Company’s independent registered public a...

Notable Late filing notice — 10-K April 15, 2004

Management was unable to obtain the necessary information to complete the preparation of the Company’s 10-K. The Company could not eliminate these reasons causing its inability to file its 10-K wit...

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