Large Accelerated Filer

Definition:

As defined in Rule 12b-2 of the Exchange Act, and generally includes a Public Company (i) with a Market Capitalization of more than US$700 million at the end of its second fiscal quarter; (ii) that has been subject to certain reporting requirements under the Exchange Act for at least 12 months; and (iii) that has filed at least one Annual Report under the Exchange Act.

The SEC divides Reporting Companies into three categories: Non-Accelerated Filers, Accelerated Filers, and Large Accelerated Filers. Large Accelerated Filers are required to file their Form 10-K and Form 10-Q under the Exchange Act and their Section 404 attestation reports under the Sarbanes-Oxley Act within deadlines that are shorter than those applicable to Non-Accelerated Filers and Accelerated Filers.