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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 · 40
Notable Late filing notice — 10-Q May 17, 2022

(Attach extra sheets if needed.) We are unable to file our quarterly report on Form 10-Q for the quarter ended March 31, 2022, within the prescribed period because our management, including the new...

Warning Late filing notice — 10-K March 31, 2022

(Attach extra sheets if needed.) We were unable to file our transition report on Form 10-K for the fiscal year ended December 31, 2021, within the prescribed period because our management, includin...

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