COVID-19 Causes Coverage
Earlier this month, the U.S. Securities and Exchange Commission (the “SEC”) provided conditional regulatory relief to those public companies impacted by COVID-19 (novel coronavirus) with a 45-day extension to file certain SEC filings that would have been otherwise due between March 1, 2020 and April 30, 2020. The SEC announced today that it was modifying that prior relief to cover certain filings due on or before July 1, 2020. The SEC acknowledged that many companies’ operations continue to be significantly impacted by the ongoing COVID-19 pandemic, which may result in difficulties for those companies to meet their applicable SEC filing deadlines.
The 45-day extension applies to certain SEC filings, including, periodic and current reports, proxy statements and information statements; however, it is important to note that the extension does not apply to Schedule 13Ds, or any amendments, and Forms 3, 4 or 5.