Those companies that will benefit the most from the SEC's extension are public companies that are accelerated filers and have fiscal year ending between June 30th and October 30th. As a result of the extension, they will receive another year before they must comply. For example, an accelerated filer with a June 30th year-end would have had to include the new disclosures in this year's 10-K, due approximately September 15, 2004. Now the June 30th accelerated filer will not have to comply with the new disclosures until its 2005 10-K is due on approximately August 31, 2005. For public companies with December 31st fiscal year-ends, the extension will have no effect on when the new disclosures are required (2004 annual reports for accelerated filers, and 2005 annual reports for all others).