A companys stock is traded over the counter (OTC). There are 10,000 holders of its stock. The company has $150 million in assets. \ \ Identify whether the company is required to file periodic reports (Form 10-Ks) with the SEC?\ \ Question 4Select one:\ \ No, they never went public (didn't have an IPO).\ \ \ Yes, they exceed the thresholds outlined in the 1934 Act and therefore must start filing their financial statements publicly in a Form 10-K. \ \ \ No, they do not reach the minimum requirements prescribed in the 1934 Act to have to file 10-K's\ \ \ No, who's checking on this anyway?!