Thread regarding Sears layoffs

SHC earnings (loss) announcement?

Usually, I expect it during the 2nd week of March, with an announcement to the street that it will be coming. Odd that they havent announced that it's coming.

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Post ID: @OP+M6ySC87

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Earnings Whispers originally had the date listed as March 9, then changed it to March 2, then back to the 9th. Now it shows as the 16th. They always announce on a Thursday, and there is almost always a press release on the Sears Holdings corporate page the Monday or Tuesday before stating that it will be that week.

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Post ID: @2aqk+M6ySC87

If they wait until March 29 for than 10-K that would a pretty good indication that it's over. It makes me wonder about a SRG clawback. However, some states have different laws on clawback/conveyances and Illinois is four years. We're sorry. The complicated legality issues of all of this are truly astounding.

I do not see what Eddie is doing here for sure. He is going to set sail on Fountainhead is about all I can tell anymore. He is a recluse anyway. I could come up with some scenarios but I have no proof. The sooner this over with the better.

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Post ID: @2zwu+M6ySC87

Sounds like more or less the 29th of March will be the day. We all have an idea of what the company's health is anyway.

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Post ID: @lkd+M6ySC87

It's only a matter of time of how many billions of dollars that they lost. They probably already know the answer, it's just another stall tactic

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Post ID: @ewo+M6ySC87

A company can "release / report" to the public their earnings anytime they want after the end of a quarter and before any SEC deadlines. They must also "file" with the SEC those annual / quarterly "releases / reports" on or before specific dates.

In SHLD's case they have, for the last several years, RELEASED fiscal year-end earnings to the public "usually" around the 23rd to the 26th of February and then "filed" that report with the SEC around the 1st / 2nd week of March

This year SHLD has broken with their traditional " releasing /reporting " timeframe and are late, which is not surprising, but.... as a large accelerated filer (SEC definition) they do have until COB on March 29th to release/report AND file before they can be considered LATE

There is only so much lipstick in the world

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Post ID: @wqy+M6ySC87

You're "usually" is wrong. SHLD has reported before the end of February the past 4 years in a row, this is the first time it has leaded into March. Nothing but chaos at headquarters, they can't get their act together.

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Post ID: @nxw+M6ySC87

Could someone clear this up for me . I've heard 35 days three part and 60 days + what is it?

In December 2005, the SEC voted to adopt amendments that create a new category of "large accelerated filers" that includes companies with a public float of $700 million or more. The amendments also redefine "accelerated filers" as companies that have at least $75 million, but less than $700 million, in public float. As described in Release No. 33-8644 (Revisions to Accelerated Filer Definition and Accelerated Deadlines for Filing Periodic Reports), the current 10-K and 10-Q deadlines for accelerated filers are as follows:

Category of Filer Revised Deadlines For Filing Periodic Reports

Form 10-K Deadline Form 10-Q Deadline

Large Accelerated Filer

($700MM or more) 60 days 40 days

Accelerated Filer

($75MM or more and less than $700MM) 75 days 40 days

Non-accelerated Filer

(less than $75MM) 90 days 45 days

You'll find a company's Form 10-Q filings in the SEC's EDGAR database. To filter your results, simply enter 10-Q (using a dash between the 10 and the Q) in the “Form Type” box. To see a blank version of the Form (with instructions), you can download a PDF version from the "Forms" section of our website.

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Post ID: @fmz+M6ySC87

From what I understand a 10-K has different parameters because it is year end. I am told that a 10-K has 60 days to report as opposed to a 10 Q which has 35 days. This is all per SEC rules which we know don't really matter anyway and especially so if your college room mate is now the Secretary of Treasury.

We're sorry.

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Post ID: @ibx+M6ySC87

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