The SEC has confirmed that publicly-traded companies could get an extra 45-days to file annual and quarterly reports. The extension is designed to help companies that have experienced significant disruptions because of the coronavirus pandemic.
The SEC said earlier the week of March 23rd that disclosures due between March 1st and July 1st can get the extension if companies justify their need. The move broadens and extends relief that the agency announced earlier this month.
SEC Chairman Jay Clayton described the extension as “temporary, targeted relief” for companies needing extra time.