Some of the SEC filings made in November reflect companies’ efforts to analyze the impact of Hurricane Sandy on their businesses. Given the timing of the hurricane, most companies were still in the process of estimating potential losses related to the Hurricane Sandy and it was too early to fully assess the effect of the hurricane on their financial position and results of operations at the time of filing their Forms 10-Q with the SEC.

Companies are likely to provide more robust analysis of the financial effect of business disruptions due to the Hurricane Sandy in their Forms 10-K. Generally, for the purposes of Form 10-K disclosures, a public company should evaluate the effect of flooding, the loss of electricity and other business disruptions on the operations of the company, as well as operations of the company’s customers and suppliers, including third party information technology service providers. Companies should also evaluate increases in the cost of insurance, if they had a significant loss of property or other insurable damage, and inventory delays due to transportation issues if applicable.

We expect the following sections of a Form 10-K to include Hurricane Sandy disclosures: Forward-Looking Statements, notes to financial statements, Management’s Discussion and Analysis of Financial Condition and Results of Operations and Risk Factors.