What is EDGAR and why is it relevant for my company?
The Electronic Data Gathering, Analysis and Retrieval system (EDGAR) performs automated collection, validation, indexing, acceptance, and forwarding of submissions by companies and others who are required by law to file forms with the US Securities and Exchange Commission (SEC). Its primary purpose is to increase the efficiency and fairness of the securities market for the benefit of the investors, corporations, and the economy by accelerating the receipt, acceptance, dissemination, and analysis of time-sensitive corporate information filed with the agency.
All public companies listed in the US, international and US based, are required by U.S. Securities and Exchange Commission to file registration statements, periodic reports, and other forms electronically through EDGAR. Anyone can access and download this information for free at www.sec.gov. Notified provides such filings on behalf of our customers as a part of our distribution via GlobeNewswire.
EDGAR filings must be submitted between the hours of 3:00 am and 2:30 pm PT/6:00 am and 5:30 pm ET. The SEC will continue to accept filings from 2:30 pm PT/5:30 pm ET until 7 pm PT/10 pm ET, but they will not post on the SEC's site nor be considered officially "filed" until the next day. The only exception is for Section 16 filings (Forms 3, 4, 5), which are accepted and posted up until 7 pm PT/10 pm ET.
GlobeNewswire from Notified also allows companies to file their press releases and financial information with the SEC via EDGAR forms. This encompasses submission of EDGAR documents, transformation of the documents submitted into SEC accepted format (also called ELO-XMLs) and publishing of the documents to the SEC.
What do I need for my first EDGAR filings?
Before your first EDGAR filing, you will need to fill out an Edgar Authorization Form. The most important codes on that form are the EDGAR Central Index (CIK) and the CIK Confirmation Code (CCC)
What is the difference between EDGAR Direct and EDGAR Complete?
EDGAR Direct (8-K for US, 6-K for other)
Press release filing with the SEC
Custom, independent of press release
Exhibit (the press release content).
For the coversheet, the Notified team has templates available, or you may use your own.
After the press release is set up by the Notified editorial team, our EDGAR team generates a Form 8-K (US) or 6-K (non-US) and uses the wire-generated copy for the Exhibit (HTML document of the information that must be filed with SEC). This guarantees that the Exhibit is the same as the issued press release.
40-F reports, proxy statements, and registration statements.
Request this service by selecting EDGAR Complete from the pull-down menu EDGAR Filing and selecting the form type.
These filings require conversion performed by our expertly trained EDGAR team using software specifically developed for processing EDGAR content. These filings will incur a fee based on the following items.
Annual filings for both domestic and foreign filers require iXBRL tagging. Domestic filers are also required to include iXBRL tagging on all quarterly filings. iXBRL tagging is separate from EDGARization of the documents. Reach out to the Regulatory team (email@example.com)for pricing and timelines.
Filing cannot be undone or removed from SEC.
Exhibit - is the content of the press release in HTML format and cannot contain external links. Any additional documents (not press release text) that were added as PDFs to the original release would need to be filed as a separate exhibit.
Filing requirements must be discussed with your legal department. Most companies will need to file report forms which will only be covered by EDGAR Complete.
As of June 15, 2021, all filers are now required to use iXBRL and we support this process.
Do Notified and GlobeNewswire support both EDGAR Direct and EDGAR Complete?
Yes, our platforms and global teams support both options.
What are the advantages of filing my press release with GlobeNewswire?
One-stop solution: You can order EDGAR while you upload your press release document.
Convenience: You can review and schedule your press releases and filings from one platform.
Disclosure requirements: We file the final wire version of the release with the SEC so you do not have to worry about making edits to both the wire release and the SEC filing.