2025-00665Notice

Proposed Collection; Comment Request; Extension: Form 11-K

Published Date: 1/15/2025

Notice

Summary

The SEC wants to keep using Form 11-K, a yearly report that helps employees understand their stock and savings plans. This affects companies with employee stock plans, who spend about 96 hours and $7,525 each time they file. The SEC is asking for comments by March 17, 2025, to make sure the form is useful and not too hard to fill out.

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Firms Face Form 11-K Filing Costs

Companies that sponsor employee stock purchase, savings, or similar plans must use Form 11-K each year. The SEC estimates each Form 11-K filing requires about 95.81 internal hours and costs about $7,525 per response, with roughly 941 filings a year totaling 90,157 hours and $7,081,025 annually.

Employees Receive Annual Plan Reports

Form 11-K is the annual report that gives employees financial information about their employer's stock purchase, savings, or similar plans so they can assess plan performance. The form is filed under 17 CFR 249.311 to meet Section 15(d) reporting requirements.

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Key Dates

Published Date
1/15/2025

Department and Agencies

Department
Independent Agency
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