Appendix D — SEC Reporting Considerations for Business Acquisitions

When an acquirer is an SEC registrant and consummates — or it is probable that it will consummate — a significant business acquisition, the SEC may require the filing of certain financial statements for the acquired or to be acquired business (the acquiree) under SEC Regulation S-X, Rule 3-05 or Rule 3-14. Registrants should carefully evaluate the factors below.