Filing with the SEC is a complex, time consuming and high stakes process. Having the appropriate credentials ready and waiting for filing time can save frantic headaches and fire drills when battling against the clock. Below are the SEC credentials you need to ensure you are ready to file in the zero hour.
The 7th Annual Regional New England Conference will be held in the Greater Hartford, CT area on Thursday, July 16th, 2015. As those who have attended a Connecticut/Boston conference in the past know, this well-established event is an excellent opportunity for learning and networking with equity compensation colleagues.
Over time, the SEC implements updates to the EDGAR system – Electronic Data Gathering, Analysis and Retrieval – as new accounting standards and other improvements are released. Most recently, on June 15, 2015, the EDGAR system was upgraded to Release 15.2 and no longer supports the 2013 GAAP financial reporting taxonomy and the 2013 EXCH taxonomy.
Whatever side of the political fence you prefer, former Pres. Reagan’s quote, “Trust, but verify,” is not only a clever adoption of a Russian proverb, it also provides good advice for company founders who are reviewing an investor’s term sheet. An investor agrees to put money into your company. He’s a nice guy, maybe you met him at a wedding or he’s your new brother-in-law. Either way, you can trust him, right? Don’t they call those guys ‘angels?’ Whether he’s an angel investor or a venture capitalist and a wonderful relative, ‘trust, but verify.’
On June 8th, 2015, The Financial Accounting Standards Board (FASB) issued an exposure draft detailing the proposed amendments to the current employee share-based payment accounting standards as part of an initiative to reduce complexity surrounding the current accounting standards. As stated in the exposure draft, the FASB feels that, “The objective of the Simplification Initiative is to identify, evaluate, and improve areas of generally accepted accounting principles (GAAP) for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements.” Here are a few of the main provisions and what they could mean to your current ASC 718 processes.
What may seem like the simplest award structure to you as a stock plan administrator, can feel like a foreign concept to participants. A critical element to equity plan success is participant comprehension and engagement, and the most effective way to increase these key elements is employing an online participant portal.
Tax compliance is a challenge for equity compensation issuers, especially when tracking a mobile employee. Whether they live in one state and work in another or are on foreign assignment, mobility creates significant tax issues for the organization. Factors such as regulation, risk tolerance and jurisdictional revenue are just a few of the hurdles a company must navigate when maintaining a compliant equity compensation plan. The environment is consistently evolving, making it difficult to stay compliant in a fluid, dynamic atmosphere.
On May 20th, 2015, the Securities and Exchange Commission published a proposal to modify the current regulatory reporting requirements for investment companies and investment advisers. This initiative is an effort to improve data reporting for mutual funds, ETFs, and other types of registered investment companies.
Preparing for an acquisition can feel a bit daunting for most. There are lots of moving parts and decisions to be made – not only about the course of action for the company and its employees, but also for the equity awards of both the parent and the target company. While many of these decisions and actions will be made once the acquisition process has begun, there are a few steps you can take in advance to better prepare your equity compensation plan for a corporate action.