Public Chatter
Public Chatter
Public Chatter provides practical guidance—and the latest developments—to those grappling with public company securities law and corporate governance issues, through content developed from an in-house perspective. Subscribe 🡢
Silicon Valley Bank: All the Latest
The folks in our "Emerging Companies & Venture Capital Law" group have been doing an amazing job the past few days providing constant updates on all the developments related to Silicon Valley Bank via our
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DOJ Brings First Criminal Charges Stemming From Use of Rule 10b5-1 Plan
Last week, the DOJ unsealed an indictment against the CEO of a publicly traded healthcare company (the Executive) relating to charges of an insider trading scheme.
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Form ID: Be Aware of What Title You Use
When a new insider is required to make Section 16 filings, that insider will need to obtain Edgar codes to allow for electronic filing with the SEC. Typically, the corporate secretary (and/or paralegal if a company has one) will assist the insider with this process, which involves initially filing a Form ID application.
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DOJ Prioritizes Enforcement of Sanctions and Export Control Violations Against Companies
Here's an excerpt from this "White Collar Briefly" blog about this recent speech
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How Should We Develop Disclosure Controls for an E-Signature Process?
Following up on my long-running series of e-signature blogs, for some reason, this topic always fascinates me: "How do companies – in practice – retain all those signatures for SEC filings?
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The NYSE & Nasdaq Propose Their Clawback Rules
Last October, the SEC adopted final rules directing the NYSE and Nasdaq to adopt listing standards requiring companies to have clawback policies that provide for the recovery, in the event of a required accounting restatement, of certain incentive-based compensation received by current or former executive officers based on erroneously reported financial information.
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In-House Corner: Disclosure Controls - Part 1
In this blog feature, our in-house readers share tips, anecdotes, and thoughts about topics that arise in their daily practice. This particular batch of thoughts is about disclosure controls, particularly in the context of the climate and cybersecurity disclosure rules that could be coming soon from the SEC:
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SEC Expands Daily Filing Window for Forms 144 to Match Section 16 Reports
With the April 13th deadline for mandatory Edgar filing for all Form 144s looming just ahead, the SEC amended Regulation S-T last week to expand the daily window for filing Forms 144 so that the "end of the day" deadline will be 10:00 p.m.
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Changes to Form N-PX: What Might Be the Impact on This Proxy Season?
During our recent webcast - "Proxy Season Roundtable: What You Need to Know Now" - Proxy Analytics' Steve Pantina talked about SEC's updated rules regarding Form N-PX changes and some of the practical implications they may have (see
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SEC Adopts T+1 Settlement (But Longer Settlement Cycles Permitted)
A few days ago, the SEC adopted new rules related to the settlement of securities transactions. Specifically, the new rules call for a shorter T+1 settlement cycle. The rules become effective 60 days following publication in the Federal Register and the compliance date is May 28, 2024.
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The Coming Cybersecurity/Climate Disclosure Rules: Time to Reevaluate Your Disclosure Controls?
With the SEC's final cybersecurity and climate disclosure rules just around the bend, and with increased scrutiny of disclosure already required under current rules, it's fair to ask yourself whether it's time to reevaluate your disclosure controls and procedures (DCPs).
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Duty of Oversight for Non-Director Officers: Seven Things to Know
Delaware courts have been leaders in articulating the oversight duties of corporate directors, most famously in In re Caremark International Inc. Derivative Litigation, 698 A. 2d 959 (Del. Ch. 1996). The court, in Caremark, held that directors breach their duty of oversight when they do either or both of the following:
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Corp Fin Issues 15 “Pay vs. Performance” CDIs!
On Friday, Corp Fin issued 15 new CDIs for its new pay vs. performance rules. Here they are — we have taken the liberty of grouping them loosely by type of CDI so that you may more easily peruse them (with a group of the miscellaneous and technical ones grouped together at the end):
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Video Archive: “Rule 10b5-1 Plans & Insider Trading Policies – Top Issues to Tackle”
Here's the video archive for the webcast from last week — "Rule 10b5-1 Plans & Insider Trading Policies – Top Issues to Tackle
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The Coming Climate Disclosure Rules: Should You Be Tweaking Your Disclosure Committee?
With the SEC's final climate disclosure rules just around the bend, it's fair to be asking yourself whether it's perhaps time to reconsider the composition of your disclosure committee. Nearly all public committees have disclosure committees, even though the SEC doesn't require one — the SEC just recommends that they do.