EDGAR® ONLINE® EXPANDS 8-K FILING INFORMATION EDGAR News service to provide headlines from newly required disclosures
SOUTH NORWALK, CONN., April 20, 2004 - EDGAR® Online®, Inc. (NASDAQ: EDGR), today announced it will release a new version of its EDGAR News service to keep investors apprised of even more event-driven disclosures. The expanded EDGAR News will distribute headlines and key disclosures extracted from filings of SEC form 8-K.
EDGAR Online corporate customers can incorporate EDGAR News into their own intranet applications. In addition, individuals can view EDGAR News through the company's EDGAR Online Pro service. Customers may also configure EDGAR News to send them alerts via e?mail when news about specified companies becomes available.
EDGAR Online is a financial information company specializing in making complex regulatory reporting by public companies actionable and easy-to-use.
Susan Strausberg, president of EDGAR Online, said, "Increased real-time disclosures of events that materially impact corporate financial performance contribute to market transparency. In our commitment to further democratize the financial markets, EDGAR Online makes all SEC filings available to investors of all types, from individuals to portfolio managers."
Strausberg added that EDGAR Online supports the U.S. Securities and Exchange Commission's new corporate disclosure rules for 8-K reporting that were issued in March, 2004. The expanded EDGAR News service will be available in August, 2004, as the new 8-K reporting requirements and deadlines take effect.
Overview of New 8-K Filing Rules
The U.S. Securities and Exchange Commission has approved new requirements for form 8-K filings in response to Section 409 of the Sarbanes-Oxley Act, which requires public companies to disclose, on a rapid and current basis, material information regarding changes in a company's financial condition or operations as the Commission, by rule, determines to be necessary or useful for the protection of investors and in the public interest.
The rule amendments expand required disclosure items from fewer than 10 to more than 20. For example, one new requirement is disclosure of a termination or reduction of a business relationship with a customer that might result in loss of revenue equaling 10 percent or more of the company's consolidated revenues during the company's most recent fiscal year. In addition, the new regulations shorten filing deadlines from five to four business days.
Reorganization of 8-K Forms
| Section 1 - Registrant's Business and Operations |
|
Item 1.01
|
Entry into a Material Definitive Agreement
|
|
Item 1.02
|
Termination of a Material Definitive Agreement
|
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Item 1.03
|
Bankruptcy or Receivership
|
|
Section 2 - Financial Information
|
|
Item 2.01
|
Completion of Acquisition or Disposition of Assets
|
|
Item 2.02
|
Results of Operations and Financial Condition
|
|
Item 2.03
|
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a Registrant
|
|
Item 2.04
|
Triggering Events That Accelerate or Increase a Direct Financial Obligation
or an Obligation under an Off-Balance Sheet Arrangement
|
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Item 2.05
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Costs Associated with Exit or Disposal Activities
|
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Item 2.06
|
Material Impairments
|
| Section 3 - Securities and Trading Markets |
|
Item 3.01
|
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
|
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Item 3.02
|
Unregistered Sales of Equity Securities
|
|
Item 3.03
|
Material Modifications to Rights of Security Holders
|
| Section 4 - Matters Related to Accountants and Financial
Statements |
|
Item 4.01
|
Changes in Registrant's Certifying Accountant
|
|
Item 4.02
|
Non-Reliance on Previously Issued Financial Statements or a Related Audit
Report or Completed Interim Review
|
| Section 5 - Corporate Governance and Management |
|
Item 5.01
|
Changes in Control of Registrant
|
|
Item 5.02
|
Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
|
|
Item 5.03
|
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
|
|
Item 5.04
|
Temporary Suspension of Trading Under Registrant's Employee Benefit Plans
|
|
Item 5.05
|
Amendments to the Registrant's Code of Ethics, or Waiver of a Provision
of the Code of Ethics
|
| Section 6 - [Reserved] |
| Section 7 - Regulation FD |
|
Item 7.01
|
Regulation FD Disclosure
|
| Section 8 - Other Events |
|
Item 8.01
|
Other Events
|
| Section 9 - Financial Statements and Exhibits |
|
Item 9.01
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Financial Statements and Exhibits
|
About EDGAR® Online®, Inc.
EDGAR Online, Inc. (http://www.edgar-online.com) is a financial information company specializing in making complex regulatory reporting by public companies actionable and easy-to-use. The company makes financial information and a variety of analysis tools available via online subscriptions and licensing agreements to professionals in financial institutions, corporations and law firms.
"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. EDGAR Online, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Please refer to the documents filed by EDGAR Online, Inc. with the Securities and Exchange Commission, which identify important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with our ability to (i) increase revenues, (ii) obtain profitability, and (iii) obtain additional financing, changes in general economic and business conditions (including in the online business and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, risks in connection with acquisitions, the time and expense involved in such development activities, the level of demand and market acceptance of our services and changes in our business strategies.
EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission (SEC). EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission. EDGAR Online is a product of EDGAR Online, Inc.
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