January 30, 2006
The SEC’s Proposing Release is Posted!
Late Friday, the SEC posted this 370-page proposing release regarding executive compensation and related-party transaction disclosures. Reads like a novel; here are some page numbers for a handful of the many key sections of the release:
– description of change of control and termination disclosures (p. 77-79)
– description of new “Compensation Discussion & Analysis” section (pgs. 16-19)
– discussion of possible double-counting of comp (p. 24)
– introduction of revised “Summary Compensation Table” (p. 25-26)
– discussion of “Total Compensation” column (p. 27)
– discussion of Plan-Based Awards tables and use of 123R valuations (p. 30-38)
– discussion of proposed Perks requirements (p. 43)
– interpretive guidance regarding what a perquisite is (p. 46-48)
This is just the tip of the iceberg for a 370-page release; learn more about “what you need to do now” from our two imminent webcasts on CompensationStandards.com.