The Securities Law Blog provides commentary and news on the latest securities law developments impacting established and emerging growth publicly-traded issuers and investment banks, as well as entrepreneurs and venture-backed private entities. Our blog closely follows SEC rulemaking in several key areas including public and private securities offerings, shareholder activism and equity investment, and mergers & acquisitions.
The authors of this blog are members of the Corporate/Securities practice of Olshan Frome Wolosky LLP. Since our founding, this firm has been distinguished by responsive, independent and client-focused legal services provided by lawyers with a profound commitment to the companies they serve. This blog is an outgrowth of this representation of our clients in a wide range of capital market transactions.
Important considerations for the upcoming proxy season.
Print out and save these pages containing important SEC reporting deadlines for upcoming filings by calendar - fiscal year end public companies.
With three classes of shares – non-voting shares, one-vote shares and super-voting shares - Under Armour is experiencing an unusually wide spread in the market prices of its traded shares and it may not be because of the difference in voting rights.
Opens door for Conservative Shift and Deregulation of Wall Street.
Morgan Stanley’s Michael Grimes sees a robust, pent-up IPO market for 2017 and a big part of his prediction is based on buyers redeploying capital from M&A buyouts.
SEC Updates Intrastate Crowdfunding Rules 147 & 504 and Repeals Rule 505.
On October 26, 2016, the Commissioners of the Securities and Exchange Commission voted 2-1 to propose to require universal proxy ballots in contested elections. Proponents of universal proxies believe that the current federal proxy regime makes it too difficult for shareholders to mix and match their votes among all candidates, thereby disenfranchising shareholders and undermining corporate governance in the United States. Universal proxies would include all management and dissident nominees on one proxy card from which shareholders would vote. Under the current rules and proxy voting mechanics, a shareholder who desires to split votes generally must attend the shareholders meeting and vote by ballot.
Effective immediately, companies do not need to include so-called “Tandy” representations in their responses to SEC staff comments on periodic reports and registration statements.
With the aim of generating greater interest in smaller public companies with wider trading increments.
California now accounts for a fifth of all public companies and, with Massachusetts, New York and Texas, 40% of all public companies; California, New York and Texas account for a third of the Fortune 500.