Business, Legal & Accounting Glossary
EDGAR stands for the Electronic Data Gathering, Analysis, and Retrieval System of the Securities and Exchange Commission (SEC). Since 1996, all U.S. companies have been required to make most of their SEC filings through EDGAR. The EDGAR filings can be accessed for free to anyone visiting the SEC’s website (www.sec.gov). EDGAR filings are also available through several commercial websites, which may make EDGAR data easier to manage and manipulate. Notably, a company need not file with EDGAR the annual report it sends to shareholders. However, companies must use EDGAR to file their 10-K, which contains much of the same information, and often additional data besides. EDGAR provides historical and current filings of the 10-Q (the company’s quarterly report), 8-K (current updates of “material” events), 13-D (acquisitions of more than 5% of the company’s stock), 14-A (proxy statements), 14-D (tender offers), and Forms 3, 4, and 5 (statements of insider holdings). EDGAR also provides prospectuses, i.e., detailed descriptions of a company’s activities when it is about to go public or sell new securities.
EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, performs automated collection, validation, indexing, acceptance, and forwarding of submissions by companies and others who are required by law to file forms with the U.S. Securities and Exchange Commission (SEC).
EDGAR’s primary purpose is to increase the efficiency and fairness of the securities market for the benefit of investors, corporations, and the economy by accelerating the receipt, acceptance, dissemination, and analysis of time-sensitive corporate information filed with the agency.
Not all documents filed with the Commission by public companies will be available on EDGAR. Companies were phased into EDGAR filing over a three-year period, ending May 6, 1996. As of that date, all public domestic companies were required to make their filings on EDGAR, except for filings made in paper because of a hardship exemption. Third-party filings with respect to these companies, such as tender offers and Schedules 13D, are also filed on EDGAR.
That said, some documents are not yet permitted to be filed electronically, and consequently will not be available on EDGAR. Other documents may be filed on EDGAR voluntarily, and consequently may or may not be available on EDGAR.
You should try to have someone on your side that is good at EDGAR who can get you data and break it down quickly.
If you’re looking to find a company’s financial statements or filings you should check out Edgar since it’s a free easy to use resource.
When it looked at the paperwork it needed to file for the day, the bank realized that EDGAR was experiencing a technical malfunction and it was uncertain if they would be able to complete the task by deadline.
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This glossary post was last updated: 30th October, 2021 | 0 Views.