- The single largest 10-K filed last year was over 3,300 pages and filed by Ashford Hospitality Trust on Feb. 29. That might be a place where incoming SEC Chairman Jay Clayton might want to start, since it’s safe to assume that virtually nobody (except perhaps the attorneys who drafted it) read a 3,300 page filing. Just to put that in perspective, the largest 10-K in 2015 was 1,000 pages lighter. And the largest 10-K in 2014 was 2,000 pages.
- Financials continued to dominate the filings, with J.P. Morgan filing 4,085 separate filings last year. Given that there were around 250 work days last year, that works out to about 16 filings each day the SEC is open. Credit Suisse and Blackstone were a more distant second and third, with 3,406 and 3,206 filings respectively.
- There were 67,744 8Ks filed last year.
- The Friday Night Dump — something we track closely for our Pro subscribers — continued unabated. We also post some of our observations on twitter. Just over 8% of all 8Ks filed were filed during the last 90 minutes of the day on a Friday.
- Valentine’s Day remained the single busiest day for SEC filings. Isn’t that romantic?
———Journalists who are interested in seeing all the numbers behind today’s story can contact Michelle directly for more details.