Here’s a tip from the sixth edition of our popular publication The Public Company Handbook, which is an easy-to-read guide that provides practical insights regarding legal and other board management issues facing public—or soon-to-be-public—companies.
Directors who exercise options for or otherwise purchase large amounts of company stock (in 2022, stock with a value in
A few weeks ago, SEC Commissioner Crenshaw delivered a speech on SPACs that’s worth reading. Agree or disagree, it’s an excellent summary of the policy considerations behind the SEC’s recent rule proposal regarding SPAC IPOs – and a helpful reminder of the challenges to keep in mind for those navigating a SPAC transaction. Here’s the
Any time that the SEC Staff talks “materiality,” it’s worth listening given the importance of that determination. Last week, the SEC’s Acting Chief Accountant – Paul Munter – issued a statement regarding the correction of material errors in financials and how to assess materiality in this context. As always, when considering materiality in the financials
Last week, the SEC proposed changes to its beneficial reporting framework. Here’s the press release, a statement by Chair Gensler – and here’s the 193-page proposing release. The Schedule 13D/13G framework was designed more than 50 years ago to provide early warning for shareholders, companies, and the market in general of impending corporate
Yesterday, the SEC proposed a new reporting regime for company share repurchases. The proposals are summarized in the SEC’s press release (here’s the proposing release) – and will be subject to a 45-day comment period. Here are three things to know about the proposal:
1. “Real-Time” Reporting on Form SR – The proposed rule