6.2 Disclosures Within the Business Section
Regulation S-K, Item 101(c),
requires a registrant to provide a narrative description of “the business done and intended
to be done by the registrant and its subsidiaries, focusing upon the registrant’s dominant
segment or each reportable segment about which financial information is presented in the
financial statements.” As indicated in Regulation S-K, Item 101, disclosures may include,
but are not limited to, those related to the topics listed below if they are “material to an
understanding of the registrant’s business taken as a whole.”
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Topic
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SEC Regulation S-K
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Description
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|---|---|---|
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Sales
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Item 101(c)(1)(i)
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“Revenue-generating activities, products and/or services, and
any dependence on revenue-generating activities, key products, services, product
families or customers, including governmental customers.”
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Markets
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Item 101(c)(1)(ii)
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“Status of development efforts for new or enhanced products,
trends in market demand and competitive conditions.”
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Resources
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Item 101(c)(1)(iii)
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“Resources material to a registrant's business, such as:
(A) Sources and availability of raw materials; and
(B) The duration and effect of all patents, trademarks,
licenses, franchises, and concessions held.”
|
|
Government contracts
|
Item 101(c)(1)(iv)
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“A description of any material portion of the business that
may be subject to renegotiation of profits or termination of contracts or
subcontracts at the election of the Government.”
|
|
Seasonality
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Item 101(c)(1)(v)
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“The extent to which the business of the segment is or may be
seasonal.”
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In addition, Regulation S-K,
Item 101(c)(2), states that the following matters
should be discussed “with respect to, and to the
extent material to an understanding of, the
registrant's business taken as a whole, except
that, if the information is material to a
particular segment, [the registrant] should
additionally identify that segment”:
|
Topic
|
SEC Regulation S-K
|
Description
|
|---|---|---|
|
Government regulation
|
Item 101(c)(2)(i)
|
“The material effects that compliance with government
regulations, including environmental regulations, may have upon the capital
expenditures, earnings and competitive position of the registrant and its
subsidiaries, including the estimated capital expenditures for environmental
control facilities for the current fiscal year and any other material subsequent
period.”
|
|
Human capital
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Item 101(c)(2)(ii)
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“A description of the registrant's human capital resources,
including the number of persons employed by the registrant, and any human
capital measures or objectives that the registrant focuses on in managing the
business (such as, depending on the nature of the registrant's business and
workforce, measures or objectives that address the development, attraction and
retention of personnel).”
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