Topic: SEC Reporting Requirements. Clever Manufacturing Co., a public company that files various forms wit the SEC, has recently been considered to be a very attractive growth stock and has been touted as a "buy" recommendation by various stock analysts. Yet, over the last few year management adjusts the board's accounting estimates in a direction that increases income for the period. Two board members have disagreed with management's changing its estimates and have asked for advice from the independent accounting firm.

After some heated debates the two board members have resigned from the board. After further discussion with the accounting firm, the accounting firm decided to withdraw as independent auditors of Clever Manufacturing. The public company, Clever might need to inform the SEC of these changes on an SEC Form 8-k. Management disagrees and informs the controller to keep quiet as to these disagreements, as public disclosure could have a negative impact on the company's stock price.

Required: Access the SEC's website, and, under rules and forms, determine whether the resignation of the two board members and the accounting firm needs to be disclosed to the SEC, and, if so, when. (Hint: Search for Form 8-k requirements.)