SEC complaint company: typographical error or not?
Consider "SEC compliant".
Current non-compliance with SEC requirements:
2015 Late 10-K was due on 4/14/2016, but has not been issued.
1st Qtr Late 10-Q was due on 5/23/2016, but has not been issued.
2nd Qtr NT 10-Q was due today, but has not been issued. Late 10-Q is 8/22/2016 (not holding my breath).
Not a good story with no known justification like last year (Xtreme) and continuing to get more disconcerting. However, maybe Management means compliance with Southeastern Conference requirements and not Securities & Exchange Commission requirements (tongue firmly in cheek as usual).
Consider "SEC complaint"
Management may really mean "complaint" since a good number of their shareholders would probably love to complain to the SEC if there was a means to do so.