Cooley has published a new resource – Public Company Guide to Determining Securities Exchange Act Filer and Smaller Reporting Company Status – that guides companies through the statutory and regulatory requirements for entering and exiting non-accelerated, accelerated and large accelerated filer status, as well as smaller reporting company status.

The stock exchanges’ closing bell on June 30 marked the determination date for a calendar year-end public company to determine its smaller reporting company (SRC) status and to evaluate its Securities and Exchange Commission filer status, with any filer status change to take effect in the next fiscal year. Determining filer and SRC status can be complex for some companies, often requiring a review of public float and annual revenues from prior years, and requires a keen understanding of how the rules governing filer and SRC status relate to one another. This new resource guides companies through the determination process in an easy-to-follow flowchart format.