Be sure to tune in at 2:00 pm Eastern tomorrow for our webcast – “The SEC’s Semiannual Reporting Proposal: Considering the Alternatives,” – to hear from me and the all-star line-up of Brian Breheny of Skadden, Meredith Cross of WilmerHale and Tom Kim of Gibson Dunn on the topic of the SEC’s proposed amendments that would allow public companies to elect to file semiannual reports on new Form 10-S, rather than filing quarterly reports on Form 10-Q. We will discuss the SEC’s proposed rule changes and explore the practical implications of a shift to semiannual reporting for issuers, auditors, underwriters and the markets. Topics include:

– The SEC’s proposed rule changes to the periodic reporting system

– The SEC’s proposed changes to financial statement requirements

– Potential areas for changes to the proposed rules

– The experience of public companies in other jurisdictions with optional semiannual reporting

– Considerations for companies when deciding to elect semiannual reporting

– Potential challenges of semiannual reporting for areas such as insider trading compliance, share repurchase activity, capital-raising and investor communications

– The ways in which earnings releases and earnings calls may change for companies opting into semiannual reporting

– The relationship of the semiannual reporting proposal to other SEC initiatives

As usual, we will apply for CLE credit in all applicable states (with the exception of SC and NE, which require advance notice) for this 60-minute webcast. You must submit your state and license number prior to or during the live program. Attendees must participate in the live webcast and fully complete all the CLE credit survey links during the program. You will receive a CLE certificate from our CLE provider when your state issues approval, typically within 30 days of the webcast. All credits are pending state approval.

This program will also be eligible for on-demand CLE credit when the archive is posted, typically within 48 hours of the original air date. Instructions on how to qualify for on-demand CLE credit will be posted on the archive page.

– Dave Lynn