The Securities and Exchange Commission (SEC) Chair Paul Atkins issued a Statement on Reforming Regulation S-K and issued a request for comment with submissions due no later than April 13, 2026. In his statement, Chair Atkins notes,
“Today, the disclosure that companies provide in response to the myriad requirements of Regulation S-K does not always reflect information that a reasonable investor would consider important in making an investment or voting decision… The Commission’s disclosure regime should enable a reasonable investor to separate the wheat from the chaff when reviewing periodic reports and proxy statements. With this goal in mind, I have instructed the Division of Corporation Finance to engage in a comprehensive review of Regulation S-K. I welcome and encourage members of the public to provide their views on how the Commission can amend Regulation S-K, with the goal of revising the requirements to focus on eliciting disclosure of material information and avoid compelling the disclosure of immaterial information. “
Read the Statement.
