Defined in Rule 12b-2 under the Exchange Act as a company that meets all of the following conditions at the end of its fiscal year:
The public float of its common equity exceeds $75 million, but is not more than $700 million on the last business day of its most recently completed second fiscal quarter;
The company is required by Section 13(a) or 15(d) of the Exchange Act to file reports for at least 12 calendar months;
The company has filed at least one annual report pursuant to Section 13(a) or 15(d) of the Exchange Act; andThe reporting requirements available to smaller companies is not available to the company.
A “large accelerated filer” is subject to the same requirements, except that its public float of common equity must be greater than $700 million on the last business day of its most recently completed second fiscal quarter.
A company that does not meet the definition to qualify as either is deemed a non-accelerated flier.”