TheCorporateCounsel.net

I hope everyone had a joyous holiday season as we trudge back to work in 2025. I am still writing 2024 on checks (does anyone else still write checks?), but I will hopefully come to accept 2025 by the end of January.

Later this week, the nation will honor former President Jimmy Carter, who, as John noted last week, passed away on December 29, 2024. I think of Carter as the first President that I was really conscious of in terms of his policies and actions, because I was nine years old when he took office. I was still too young to remember much about Nixon and Ford, so former President Carter was my first introduction to the power of the Presidency and the role that a President can play for a nation in turmoil. He also served as a great example of someone who took his post-Presidential role very seriously and made a difference in the world as a result. Former President Carter even inspired me to participate in a Habitat for Humanity project in Baltimore back in the 1990s.

Last Monday, President Biden issued an Executive Order providing that all executive departments and agencies of the U.S. federal government will be closed on Thursday, January 9, 2025, as a mark of respect for the passing of former President Carter.

Following the Executive Order, the SEC published an announcement indicating that the EDGAR system will be closed on Thursday, January 9, 2025 as a mark of respect for former President Carter. The announcement indicates that January 9, 2025 “will be treated as a federal holiday for filing purposes.” EDGAR will resume normal operations on Friday, January 10, 2025. The announcement notes:

Please be aware that on January 9, 2025:
• EDGAR filing websites will not be operational.
• Filings will not be accepted in EDGAR.
• EDGAR Filer Support will be closed.

We have covered similar SEC closures with respect to former President Ronald Reagan in 2004, former President Gerald Ford in 2007 and former President George H.W. Bush in 2018.

The New York Stock Exchange and Nasdaq also announced last week that all equity and options markets will be closed on January 9 in honor of former President Carter, so plan accordingly if you have equity market transactions occurring this week.

– Dave Lynn