In March 2019, the SEC adopted final amendments to its rules which expand the XBRL tagging requirement to Form 8-K filings. And it’s not just for selected Form 8-K filings; it’s for all of them.
Form 8-K is the interim report that companies must file with the SEC to announce major events that shareholders should know about. Previously the Form 8-K did not have any XBRL structured data tagging required (with the exception of when a Form 8-K included restated financials that were originally filed with XBRL), but it will soon require the inclusion of computer-searchable XBRL tags. Regulators, registrants and investors will need to be aware of the changes to take advantage of, and comply with, the new requirement.
Lou Rohman of Toppan Merrill and Chair of the Data Quality Committee describes this change and anticipated timing.