If you didn’t see the Sunday edition of the NY Times Business section, Gretchen Morgenson’s article about “No Wonder CEOs Love Those Mergers” included a few quotes from Jesse Brill about the need for compensation committees to tally up all the compensation that a CEO is entitled to receive, both annually and in the event of a triggering event (like a merger).
An IDS Development
Today, American Seafoods Corp filed Amendment No. 7 to Form S-1 for its IDS offering. This could wind up being the first IDS that the SEC Staff declares effective since the first one late last year – there are another dozen and a half still in the queue – and thus could serve as a model after it goes effective for what other IDS issuers need to disclose.
We are adding this amended S-1 to our “Income Deposit Securities” Practice Area.