Reports the Enterprises will file with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934
On July 12, 2002, Fannie Mae and Freddie Mac (the “Enterprises”) have announced that they would voluntarily register their common stock with the Securities and Exchange Commission (“SEC”) under Section 12(g) of the Securities Exchange Act of 1934 (the “Exchange Act”). Section 12(g) enables companies, such as the Enterprises, that are not covered by the Exchange Act and its disclosure requirements, to submit voluntarily to SEC rules. On March 31, 2003, Fannie Mae voluntarily registered its common stock and has been subject to SEC reporting requirements and other rules and regulations since then. Due to its accounting and control problems, Freddie Mac has yet to complete the voluntary registration process although it remains publicly committed to doing so once it returns to timely quarterly financial reporting.
In April 2003, OFHEO adopted a rule, “Public Disclosure of Financial and Other Information,” to facilitate the process of voluntary registration by the Enterprises. This rule requires copies of all documents filed by the Enterprises with the SEC to be forwarded concurrently to OFHEO.
The SEC maintains an electronic filing system, EDGAR, for all companies' filings with the SEC.
Fannie Mae's SEC filings may be found on EDGAR or on Fannie Mae's web page for SEC Filings.
Freddie Mac reports its SEC-like financial statements and filings on its web page for Information Statements and Supplements.
Below are descriptions of the types of documents the Enterprises must file with the SEC and OFHEO on a continuous basis.
Form 10-K [Annual Report]
Form 10-K, also known as the “Annual Report,” is the principal document used by most public companies to disclose corporate information to investors. The Annual Report includes a detailed description of a company’s business and financial condition, management’s discussion and analysis of the company’s financial condition and operations, audited financial statements, and financial data summaries that can be used for trend analysis. This report must be filed within 90 days after the end of a company's fiscal year. When unable to file in timely manner, the company files a 12b25 form indicating it will be filing the 10-K late.
Form 10-Q [Quarterly Report]
Form 10-Q is used by most public companies to provide information about a company’s financial condition. This report includes unaudited financial statements and provides an ongoing view of a company's financial position during the year. Form 10-Q must be filed for each of the first three fiscal quarters of a company's fiscal year and must be filed within 45 days of the close of each quarter. When unable to file in timely manner, the company files a 12b25 form indicating it will be filing the 10-Q late.
Form 8-K [Current Report]
Form 8-K is used by most public companies to report specified material events and corporate changes that have occurred between the submissions of other periodic filings required by the Exchange Act (e.g., Forms 10-Q and 10-K).
Information Statement
The Information Statement is a document sent by public companies that have securities registered under Section 12 of the Exchange Act to shareholders who are entitled to vote on matters for which a company is not soliciting proxies.
Proxy Solicitation Statement and Materials
The Proxy Statement is intended to provide shareholders with information necessary to enable them to vote on matters intended to be acted upon at shareholders’ annual and special meetings. A company subject to SEC regulation is required to file a copy of its proxy statement and proxy card with the SEC at the same time the company sends such materials to shareholders.
Forms 3, 4 and 5 [Section 16(a) Forms]
Forms 3, 4 and 5 are statements of ownership that are filed with the SEC by directors, officers or owners of more than ten percent of a class of equity securities registered under Section 12 of the Exchange Act. These forms contain information about the reporting person’s relationship to a company and his or her purchases or sales of the company’s equity securities. Shareholders are required to make an initial filing of ownership on Form 3 and subsequent changes to ownership on Form 4. Owners are also required to file an annual statement of beneficial ownership of securities on Form 5.