Public Financial Reporting
AFC®has publicly traded common stock that requires us to make regular and timely filings to the Securities and Exchange Commission (SEC).
We comply with all SEC rules of disclosure and communications for formal requirements and for material information, including the posting of AFC information on any of our websites.
As a result:
AFC public communications employees and Senior Financial Officers (as defined in the Sarbanes-Oxley Requirements section of the Honor Code) should:
- determine if information is material, meaning if there is substantial likelihood that an investor would consider it important in making a decision to purchase or sell AFC securities;
- make timely disclosures of material information;
- create periodic financial communications and reports (including reports to be filed with, or submitted to, the Securities and Exchange Commission) that are full, fair, accurate, timely and that are understandable so that readers and users will quickly and accurately determine their meaning and significance;
- ascertain that material posted to the web site is free from misstatements and omissions, and is treated in the same manner as press releases and other written communications;
- ensure that all materials posted to the web site are accompanied by date of publication and a disclaimer stating that AFC is not responsible for inaccuracies that result from events occurring after the date the information was posted; and
- determine the propriety of hyperlinks, which may be posted only when they will not cause any third party information to be attributed to AFC or deemed to have been adopted by AFC.
Possible consequences of failing to comply with disclosure standards include civil liability, criminal penalties, suspension of stock trading, injunctive remedies, and disgorgement of any consequent profits.
For more information:
Office of General Counsel