AeA Applauds Securities and Exchange Commission for
Sarbanes-Oxley Compliance Delay
Smaller companies will deservedly benefit from 45 day filing delay

Washington – (11/30/2004) – AeA, the nation’s largest high-tech trade association, today applauded the Securities and Exchange Commission (SEC) for granting a 45 day extension for smaller companies to file Section 404 internal control reports as required by the Sarbanes-Oxley Act.

“After months of input from small and medium sized companies, the SEC has recognized that the burden of Section 404 of Sarbanes-Oxley has disproportionately fallen on smaller corporations,” said William T. Archey, President and CEO of AeA.  “Public companies with a market capitalization between $75 million and $700 million will benefit from the delay.  As it stands now, a 10 million dollar company is treated the same as a 10 billion dollar company.  While more still needs to be done to balance this burden, AeA is pleased with the SEC’s decision to delay filing requirements for smaller companies.”

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AeA, founded in 1943, is a nationwide trade association that represents all segments of the technology industry and is dedicated solely to helping our members’ top line and bottom line. We do this in partnership with our small, medium, and large member companies by lobbying governments at the state, federal, and international levels, providing access to capital and business opportunities, and offering select business services and networking programs.  For more information, please visit http://www.aeanet.org.

This page was last updated on 11/30/04.