Wanted to spread some good news, plus some new updates. But first, the good news.
With the EDGAR v20.1 update on January 27, the SEC has now resolved the previously communicated issue around future dates in 8-K filings with XBRL. This update now allows filers to submit a test or live filing that meet those standards, which mostly impacted 8-Ks filings made between 5:31pm and 10:00pm EST with next business day dates applied.
Unrelated to the 8-K future date issue but also included in this update are two new required fields for all 10-Q, 10-Q/A, 10-QT, 10-QT/A. They are "Shell Company" and “Accelerated Filer Status”, which are found in the filing info. In addition, for forms 10-12B and 10-12G, only the "Accelerated Filer Status" field was added.
Previously, those values were not there for those listed forms. These changes were updated in Wdesk, and here's an example of what you'll see in the filing wizard:
Prior to this update, EDGAR would not have allowed a filer to submit an 8-K filing with a future date even if the future date was within allowable standards. This update now allows future filings for these form 8-K submissions. In addition, two new fields–Shell Company and Accelerated Filer Status–have been added to filing info for the above mentioned form types. These are required to be selected when filing those forms. Note that the 'Combined Filings' issue mentioned in this post still remains an issue. Fingers crossed this will be addressed in the next EDGAR update.
Should you have any further questions, just give us a holler. Thanks as always, and happy future filings all!