Another year, another 659,210 filings… | footnoted.com
And if you’ve ever heard us wax on about the Friday night dump — the tendency of companies to try to bury bad news during the 90 minutes after market close that the SEC continues to take filings — last year’s stats show it’s a very real phenomenon. Fully 6,259 of the 8-Ks filed in 2011, or some 8% of the total, came after 4 p.m. on Fridays. And that doesn’t count the day before Thanksgiving or any Thursdays before Friday holidays, or the stragglers that miss the deadline and show up first thing Monday morning.
In addition to an overview, we also had the good folks at MDR dig up the outliers for us: the biggest, ugliest, filings, and the companies that just can’t stop themselves from filing again and again.
