Sorry JJ here is a better list of material guidelines. I do believe it is 10% though. I am still looking into it.
• Changes in control of a company;
• A company’s acquisition or disposition of a significant amount of assets;
• A company’s bankruptcy or receivership;
• Changes in a company’s certifying accountant;
• Resignations of a company’s directors, circumstances for the departure of a director,
the appointment or departure of a principal officer, and the election of new directors
other than pursuant to a vote of security holders at an annual meeting;
• Change in a company’s fiscal year and amendments to a company’s articles of
incorporation or bylaws that were not previously disclosed in a proxy statement or
other such disclosure document;
• Entry into a material agreement not made in the ordinary course of business;
• Termination of a material agreement not made in the ordinary course of business;
• Termination or reduction of a business relationship with a customer that constitutes a
specified amount of the company’s revenues;
• Creation of a direct or contingent financial obligation that is material to the
company;
• Events triggering a direct or contingent financial obligation that is material to the
company, including any default or acceleration of an obligation;
• Exit activities including material write-offs and restructuring charges;
• Any material impairment;
• A change in a rating agency decision, issuance of a credit watch or change in a
company outlook;
• Movement of the company’s securities from one exchange or quotation system to
another, delisting of the company’s securities from an exchange or quotation system,
or a notice that a company does not comply with a listing standard;
• Conclusion or notice that security holders no longer should rely on the company’s
previously issued financial statements or a related audit report;
• Any material limitation, restriction or prohibition, including the beginning and end
of lock-out periods, regarding the company’s employee benefits, retirement and
stock ownership plan;
• Unregistered sales of equity securities by the company;
• Material modifications to rights of holders of the company’s securities;
• Earnings releases;
• Changes in earnings guidance; and
• Other materially different information regarding key financial or operations trends
from that set forth in periodic reports.
AI
