RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Jordan Zinberg Auburn - guess I don't have to report yet.
The AMR system represents an exemption from reporting under the early warning system and provides a less onerous reporting system for institutional investors who have no current intention of acquiring control of the reporting issuer. It also applies to entities who are not soliciting proxies from security holders so as to contest director elections or a reorganization, amalgamation, merger, arrangement, or similar corporate action. These types of investors are permitted to report their holdings in reporting issuers at regular intervals, rather than on an immediate basis as is required under the early warning system.
Generally, an eligible institutional investor is required to file an AMR report within 10 days of the end of the month when any of the follow occurs:
- it elects to begin filing under AMR, if it held 10% or more of the class at such time
- it increases its holdings to 10% or more
- its holdings cross (either going above or falling below) the following thresholds: 12.5%, 15%, or 17.5%
- its ownership drops below 10%
- there has been a material change in a prior to report
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