In 2021 more than 200 new securities class action lawsuits were filed in federal courts. With approximately 500 such suits currently pending, and a slew of other actions being actively pursued against company directors and officers, it is more important than ever that public companies deploy risk transfer strategies to protect m
Category: Public Company 214
It is often said that there is a cost to doing business. Proxy meeting fees have emerged as such a cost in the context of the business of investing your hard-earned dollars. These unique fees are garnering more attention as time progresses as they are arguably egregiously excessive and even somewhat punitive. Let’s take
On March 24, 2021, the SEC adopted interim final amendments to the following forms:
Under the Securities Exchange Act of 1934 (Exchange Act)
Form 20-F § 249.220f
Form 40-F § 249.240f
Form 10-K § 249.310
Under the Exchange Act and Investment Company Act of 1940 (Investment Company Act)
Form N-CSR §§ 249
In the US, it is typically required for publicly traded companies to have at least a few corporate officers. Some companies have dozens. It is also not uncommon for private or non-profit companies to create corporate officer positions. As with any job title, the duties assumed by a corporate officer at one firm may differ from t
Meetings are an importation part of running an organization or a large project. At meetings, issues are addressed, important decisions made, and plans created for the future. In public companies, annual meetings are held for the benefit of the owners in the company called Annual Shareholder Meetings.
Annual Shareholder Meet
Running a company involving many aspects of corporate decision-making requires keeping accurate records and imposing a certain degree of regularity in the process. Proxies are one such way to ensure there is an established protocol for voting on various matters that come up within the company. Proxy proposals can be either routi
On December 19, 2018, the SEC adopted final rules to allow current Exchange Act reporting companies to utilize Regulation A+, also known as the "mini-IPO offering". Reg A+ provides an exemption from public registration, utilizing two separate offering tiers. Under Tier 1, companies can raise up to $20 million in a 12-month pe
A transfer agent is a company or financial institution that helps manage securities recordkeeping duties for private and public entities. Transfer agents perform many functions, including but not limited to: ensuring compliance with the Securities and Exchange Commission (SEC) following an initial public offering (IPO) or privat
What is a Stock Transfer Agent?
When companies issue stocks, they must track transactions and keep accurate and up-to-date shareholder records. It can be very difficult to keep these records, maintain regulatory compliance, and ensure everything is done in the most efficient and accurate manner. Thus, many businesses turn to st
Colonial recently performed a side by side analysis of XBRL in 10-Q and 10-K filings submitted by our competitors. The analysis presents two examples where incorrect tags were placed and the potential remedies. Each example included different inconsistencies at different locations within the financial statements.
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