Many corporations mistakenly assume that only registered shareholders must be disclosed in SEC filings. However, under current SEC regulations, a Beneficial Owner  refers to the natural person who ultimately owns or exercises control over a corporation — whether directly or indirectly. Understanding this distinction is essential for proper compliance, particularly when submitting the General Information Sheet (GIS) and other reportorial requirements. The 25% Ownership Threshold As a general...

Filing your General Information Sheet (GIS) with the SEC may seem routine — but small mistakes can result in penalties, compliance issues, and unnecessary stress for your company. Here are the most common errors businesses make: 1. Late Filing The GIS must be submitted within 30 calendar days from the date of the annual stockholders’ meeting (ASM)  (or as required under SEC guidelines). Missing this deadline can lead to monetary penalties and may affect your company’s good standing. Tip:...

The Securities and Exchange Commission (SEC) has officially released the filing schedule for corporations’ Annual Financial Statements (AFS)  and General Information Sheets (GIS)  for 2026. On February 11, 2026, the SEC issued Memorandum Circular No. 9, Series of 2026 , outlining the specific timelines and procedures for submission during the 2026 filing season. All covered corporations are required to submit their AFS and GIS through the SEC’s Electronic Filing and Submission Tool (eFAST) ....