The recent settlement by James Dolan, CEO of Madison Square Garden Co. (MSG) serves as a reminder that the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”) can apply to compensatory equity awards. To avoid violations, a publicly-traded issuer should monitor (at least annually) equity grants and outstanding equity awards for ongoing HSR Act compliance. To learn more, please see our Client Alert entitled “Not Just a Merger Issue - Compensatory Equity Awards Can Trigger HSR Filing Requirements.”
- Partner
Tony’s multi-disciplinary legal practice focuses on executive compensation, ESOPs and employee benefit arrangements (including their related tax, accounting, securities and corporate governance issues) in the United ...
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As a follow-up to my post entitled "Thoughts When Linking Public Company Executive Pay to D&I Initiatives," I think it is important to share, at least at a high level, the legal framework for diversity, equity and inclusion programs (i.e., it is important to successfully navigate employment laws prior to the Board taking action so that the employer can avoid legal foot faults while trying to do the right thing). One of my partners, Emily Burkhardt Vicente (co-chair of our Labor & Employment Practice), did just that when she authored an article for Banking Exchange entitled "Enhancing ...
On Wednesday, September 30, 2020, we will be hosting a webinar entitled "The SEC's New Human Capital Rule, Workplace Diversity and Compensation Design: Year-End Disclosures and the Board Agenda 2020". The purpose of this webinar is to cover the SEC's new Human Capital rule and how such disclosure will interplay and impact any diversity and inclusion ("D&I") initiatives of the issuer. In particular, the speakers will share thoughts on how top down D&I initiatives could be structured from a compensatory perspective (i.e., top down meaning D&I initiatives are incorporated into ...
On July 22, 2020, the Securities and Exchange Commission adopted final rules and supplemented interpretative guidance that modify the proxy rules as applied to proxy advisory firms and clarify the fiduciary duties of investment advisers when voting proxies. One of our rising stars (Chelsea Lomprey) did the heavy lifting in drafting a client alert on the subject, and such can be found HERE.
We host a monthly webinar series with the intent of teaching a narrow topic deep (as opposed to covering the surface of a wide topic). Our webinar for the month of July will be held this Thursday (July 9, 2020) at 10:00 Central and is entitled "Public Companies and ESOPs: Check Yes or No" [Sign Up Here].
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