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GBR

Re: KVM post# 10230

Wednesday, 03/20/2024 4:14:36 PM

Wednesday, March 20, 2024 4:14:36 PM

Post# of 10898
You are probably right, probably up to Veritone's discretion. Here's what Google Gemini says"

A 10K filing by a company may need to disclose a new material strategic partner, but it depends on whether the partnership is considered "material" to investors.

The Securities and Exchange Commission (SEC) establishes the guidelines for 10K filings. These filings require companies to disclose all material information. Material information is anything that a reasonable investor would consider important when making investment decisions.

Here's how it applies to strategic partnerships:

Material Impact: If the new strategic partnership has a significant impact on the company's financial performance, business operations, or future prospects, it would likely be considered material and need disclosure in the 10K. This could include factors like revenue sharing, shared resources, or access to new markets.
No Bright-Line Rule: The SEC doesn't provide a specific dollar amount or percentage ownership that automatically triggers disclosure. Companies have some discretion, but they must err on the side of disclosure if there's any doubt about the materiality of the partnership.
In summary:

A new strategic partnership with a significant impact on the company's business should be disclosed in a 10K filing.
The materiality of the partnership depends on the specific details and its potential influence on investors' decisions.
If there's uncertainty about materiality, the company should lean towards disclosing the partnership.
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