Accelerated Filer

Definition:

As defined in Rule 12b-2 and generally including a Public Company that: (i) has a Market Capitalization between US$75 million and US$700 million at the end of its second fiscal quarter; (ii) has been subject to certain reporting requirements under the Exchange Act for at least 12 months; (iii) has filed at least one Annual Report under the Exchange Act and (iv) is not eligible to be a Smaller Reporting Company because it does not meet the revenues requirement (which includes the initial determination of annual revenues of less than $100 million for the most recently completed fiscal year). 

Domestic Accelerated Filers are required to file their Annual Reports (Form 10-K) and Quarterly Reports (Form 10-Q) under the Exchange Act and their Section 404 attestation reports under the Sarbanes-Oxley Act within deadlines that are shorter than those applicable to Non-Accelerated Filers, although longer than those applicable to Large Accelerated Filers. 

The SEC divides Reporting Company into three categories: Non-Accelerated Filers, Accelerated Filers and Large Accelerated Filers.

See also Non-Accelerated Filer and Large Accelerated Filer. 

Return to Glossary