The company is in such shambles it used a proocedural delay for its earnings....Everyone elses were out already in August...many ln the 11th or 12th..Theirs now come out Monday morning the 26 of Sep...They wont be good and they will have to identify " cost cutting measures"...this will be aimed at employees.
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read their 10 k. they are a auto salvage if that
Part foreign ownership would never preclude a company from laws where they operate . in this case America. Not that Neiman Marcus follows laws...
Arguing that companies can damage the economy cause they wish to hide their messy financial state. WOW. In Karen Katz dream
SEC.gov | Beginners' Guide to Financial Statement
Oh...
For full disclosure and transparency, I will include the website that I read for the research that I did before my question of "what law".
http://www.inc.com/encyclopedia/sec-disclosure-laws-and-regulations.html
Don't bring up what you don't want to explain or confirm instead of attacking me for asking a question. I don't know a lot about securities law and it seems like you do. Though, I haven't seen your credentials.
So who publishes the earnings? NM BOD or the companies who own it? Who decides? One of those companies is Canadian. Are they incumbent to the 8k law as well?
Companies have to file an 8K its for the Securities and Exchange Commission.. Imagine a world where companies billions in debt like Neiman Marcus did not have to reveal anything.. It could cause major damage to banks and credit risk to suppliers etc....... It is also standard practice. For a company that tried to go public in 2015 their clear evasiveness should set off alarm with their Creditors. ANY MORE QUESTIONS PLEASE , Consult google....
Which rule is that?
It is required. Due to over 4.5 billion in debt by Securities and Exchange Commission rules.
Neiman Marcus is privately held and is not required to post earnings.