Sysorex Inc (SYSX)

[60ftcat]

They violated SEC rules by not issuing 8-k in a timely manner within 4 days of the july 31st deadline. thats a 100% fact.

Why would SYSX be ok with knowingly breaking SEC rules...? Thats the question for the Incompetent management.

Why Is Form 8-K Important?

Companies must give shareholders enough information to allow them to make informed investment decisions. Form 8-K is used to give shareholders timely notice of unscheduled events that occur between your regular quarterly (10-Q) and annual (10-K) reports. Failing to file Form 8-K may result in SEC regulatory action including heavy fines.


-Form 8-K Filed Late, Investor Reactions: Investor reactions are likely to be neutral or negative. Late filing could be seen as a sign of poor management or intentionally hiding information. Investors may pull out or become wary of making additional investments.

-Form 8-K Filed Late, SEC Action: Late filing will likely result in administrative action. The severity of the penalties depend on the reason for filing late and when the report was eventually filed. Fines are typical. For severe cases, a company's Exchange Act registration may be revoked.

-Form 8-K Filed Late, Stock Exchange Action: NYSE and NASDAQ require late filers to issue a press release announcing their failure to issue a timely report. This could harm your share price or reputation. Egregious or repeated violations may result in delisting.

-Form 8-K Not Filed: If Form 8-K is not filed, it will be viewed similarly to a late filing. The penalties will likely be higher. Penalties may be mitigated if an event's materiality is arguable.