March 2, 2004
Controlled Company Proxy Statements In
In response to a number of requests regarding what controlled companies are disclosing in the wake of the new SRO standards – from which controlled companies can “opt out” of certain provisions – I have created a new “Controlled Companies” Practice Area which links to a dozen proxy statements filed recently by controlled companies.
“Shortest 8-K Ever” Contest
Just to have a little fun in our mundane legal lives, I have commenced a contest to find the shortest 8-K ever filed – or furnished – with the SEC. The first entrant is this recent 8-K furnished by Global Crossing that announces the hiring of an advisor to explore alternatives regarding one of its business units – it consists of one sentence with about 35 words. I know there are shorter ones out there, so please forward your entrants!
SEC Proposes Changes to Regulation of Stock Exchanges
Last week, the SEC proposed Regulation NMS applicable to the National Market System. One proposal in particular would establish a uniform trade-through rule for all market centers, with certain exceptions. There is a 75-day comment period. The SEC has now posted the proposing release – but it’s a monster of a PDF at 346 pages.