The Securities Exchange Commission regulation that requires companies to disclose CEO and CFO departures became effective on August 23, 2004. In this report, Audit Analytics analyzed 10-years of these disclosures. The most common reason given for a CEO departure in 2014 was the occurrence of a merger or acquisition. The most common reason given for a CFO departure is the choice to engage in another opportunity. After 2005, the number of CEO and CFO departures increased for three years to peak in 2008.