On Jan. 13, 2026, the Securities and Exchange Commission (SEC) released a statement noting its intent to reform Regulation S-K under the Securities Act of 1933, as amended (Securities Act). In particular, the SEC seeks to streamline the disclosure requirements of Regulation S-K to elicit the disclosure of material information while avoiding compelling an avalanche of immaterial information that would neither protect investors nor facilitate capital formation.

The SEC’s Division of Corporation Finance began a comprehensive review of Regulation S-K last May, when the SEC solicited public comments and held a roundtable on whether the executive compensation disclosure framework in Item 402 of Regulation S-K could be improved. For more information about the roundtable discussion, and certain executive compensation disclosure requirements that have been scrutinized, see our legal update available here. The Staff is currently evaluating comment letters that followed the roundtable discussion and preparing recommendations for revisions to Item 402, but the Staff and SEC intend to revise other requirements of Regulation S-K as well.

Members of the public are encouraged to submit comments on how the SEC can amend the disclosure requirements of Regulation S-K on the SEC’s website by no later than April 13, 2026.