Several S-K items have been changed for 2007

• S-K 402
• S-K 404
• S-K 407

Regulation S-K is SEC's general list of disclosure items

• S-K Items are referred to by various SEC disclosure forms

• E.g., Form S-1
  A form for registering securities under the Securities Act
  A form always required for an IPO
• E.g, Form 10-K
  A form for an annual report under the Exchange Act
  A form filed annually by companies that are already public

• SEC forms refer to the S-K Items that are appropriate
  to the form's disclosure purposes

• E.g., both S-1 and 10-K refer to S-K 303 (MD&A)
  Which requires a detailed explanation of
  a company's financial performances
• E.g,  S-1 refers to S-K 504 (Use of proceeds)
  But 10-K doesn't

S-K 10(a) Application of Regulation S-K

• S-K Item
• S-K applies to

• Securities Act registration forms
• Exchange Act §12 registration forms
• Annual and other reports - Exchange Act §13 - §15(d)
• Going-private transactions - Exchange Act §13
• Proxy and information statements  - Exchange Act §14

10(b) Use of Projections

10(c) Security Ratings

10(d) Incorporation by Reference

10(e) Non-GAAP Financial Measures

101  Description of business

• 101(a)  General
• 101(b)  Business segments
• 101(c)  Narrative description
• 101(d)  Geographic segments
• 101(e)  Available information
• 101(f)   Reports to security holders
• 101(g)  Enforceability against foreign persons

102   Description of property

• 102

103   Legal proceedings

• 103

201  Market information

• 201(a)  Market information
• 201(b)  Stockholders
• 201(c)  Dividends
• 201(d)  Equity compensation plans
• 201(e)  Performance graph  Was S-K 402(l)

202   Description of registrant's securities

• 202(a)  Capital stock
• 202(b)  Debt securities
• 202(c)  Warrants and rights
• 202(d)  Other securities
• 202(e)  Market information for other securities
• 202(f)   ADRs

301  Selected financial data

• 301

302  Supplementary financial information

• 302(a)     Selected quarterly financial data
• 302(b)     Oil and gas

303  MD&A

• 303          General (Critical accounting policies)
• 303(a)(1)  Liquidity
• 303(a)(2)  Capital resources
• 303(a)(3)  Results of operations
• 303(a)(4)  Off-balance sheet arrangements
• 303(a)(5)  Tabular disclosure of contractual obligations
• 303(b)      Interim periods
• 303(c)      Safe harbor

304 Changes in / Disagreements with accountants

• 304

305 Market risk disclosures

• 305

306 Audit committee report

• 306  Removed - Replaced by S-K 407(d)

307 Disclosure controls

• 307

308 Internal control

• 308

401  Directors, Executive officers

402   Executive compensation 

403 Security ownership

404 Transactions with related persons  

405 Section 16(a) compliance

406 Code of ethics

407 Corporate governance 

SEC_CODE_REF_0090001192884

501/502 Registration statement / Prospectus covers

503

• 503(a)Prospectus summary
• 503(b)Issuer's address
• 503(c) Risk factors
• 503(d) Ratio of earnings to fixed charges

504   Use of proceeds

505   Determination of offering price

506   Dilution

507   Selling security holders

508   Plan of distribution

509   Interests of named experts and counsel

510   Indemnification for Securities Act liabilities

511   Other expenses

512 Topic Page:

• 512(a)   Rule 415 shelf offerings
• 512(b)   Subsequent Exchange Act documents
• 512(c)   Warrants and rights offerings
• 512(d)   Competitive bids
• 512(e)   Incorporated annual and quarterly reports
• 512(f)    Equity offerings of non-reporting registrants
• 512(g)   Form S-4 or F-4: Securities offered for resale
• 512(h)   Acceleration of Form S-8
• 512(i)    Rule 430A registration statement
• 512(j)    Qualification of trust indentures
• 512(k)   ABS - Incorporation by reference
• 512(l)    ABS - Websites

601(a)  Exhibits and index required

601(b)  Exhibit table - Descriptions

701(a)-(e) Recent sales of unregistered securities

701(f)         Use of proceeds

702             Director & officer indemnification

703             Issuer equity repurchases

Securities Act

• 801(b) Guide 2 - Oil and Gas Operations
• 801(c) Guide 3 - Bank Holding Companies
• 801(d) Guide 4 - Interests in Oil and Gas Programs
• 801(e) Guide 5 - Real Estate Limited Partnerships
• 801(f) Guide 6 - Property-casualty Insurance
• 801(g) Guide 7 - Mining Operations

Exchange Act

• 802(b) Guide 2 - Oil and Gas Operations
• 802(c) Guide 3 - Bank Holding Companies
• 802(d) Guide 4 - Property-casualty Insurance
• 802(g) Guide 7 - Mining Operations

Limited Partnership Roll-Ups

Regulation M-A

Regulation AB

Final release 33-6383  1982 

• Adopted Integrated Disclosure System

• Section III.A (re: Regulation S-K)

Proposing release 33-8819  2007 

• Proposed amendment for Smaller Reporting Relief and Simplification

• Proposal to integrate substantive provisions of   Regulation S-B into Regulation S-K
• Section II.B (re: Regulation S-K)