June 17, 2019 Thoughtful Disclosure Alerts
Equity Practices at Technology Companies with Multi-Class Stock Structures
Download a pdf of this article » In recent years, the number of companies conducting an IPO with a multi-class stock structure has been quite pronounced. For example, in 2018 more than 10% of the companies that conducted an IPO on the U.S. national securities exchanges (15 of 140 companies) had multi-class stock structures. Nearly half (seven) of these 15 companies are in the technology sector...Read MoreMay 29, 2019 Thoughtful Disclosure Alerts
New Hedging Disclosure Rule Compliance Date Draws Near
Download a pdf of this article » New Item 407(i) of Regulation S-K, the hedging disclosure rule adopted by the Securities and Exchange Commission in December 2018, will soon begin to apply to certain public companies. Generally, public companies will need to disclose whether they maintain practices or policies regarding their employees’ (including officers) and directors’ ability to hedge the...Read MoreJanuary 24, 2019 Thoughtful Disclosure Alerts
Complying With the CEO Pay Ratio Rule in 2019
Download a pdf of this article » As we move towards the start of the 2019 proxy season, we also begin the second year of compliance with Item 402(u) of Regulation S-K, the CEO pay ratio rule. While compliance should generally be easier for companies that had to make their initial pay ratio disclosures in 2018, there are still some important decisions that will have to be made as part of the...Read MoreSeptember 4, 2018 Thoughtful Disclosure Alerts
Looming GICS Code Changes To Affect Many Technology Companies
Download a pdf of this article » Changes to the Global Industry Classification Standard (“GICS”) structure announced late last year 2017 to better reflect modern communication activities are set to take effect at the end of September 2018. These changes, which represent the biggest reclassification of companies in the history of GISC, will affect numerous Internet and e-commerce companies,...Read MoreAugust 29, 2018 Thoughtful Disclosure Alerts