Reynolds Holding

DECEMBER 10, 2023

As a capital allocation decision, share buybacks intersect all three of the main corporate finance activities of investing, financing, and dividends [1]. One of the deep-seated reasons for the splitting of opinion is that share buybacks transfer wealth between shareholders [2].

Dividends 45

Dividends Total Shareholder Return Corporate Finance Finance 45

Reynolds Holding

NOVEMBER 30, 2023

On November 21, 2023, the staff of the Securities and Exchange Commission’s (SEC’s) Division of Corporation Finance issued eight new Compliance & Disclosure Interpretations (C&DIs), and revised two previously issued C&DIs, relating to the final pay-versus-performance (PVP) disclosure rules adopted last year. Answer: No.

Compliance 40

Compliance Total Shareholder Return Dividends Market Capitalization 40

Reynolds Holding

MARCH 5, 2023

The staff of the Securities and Exchange Commission’s (SEC’s) Division of Corporate Finance recently issued guidance to address open questions related to the final pay-versus-performance (PVP) disclosure rules adopted in 2022. Further support comes from C&DI 128D.06, C&DI 128D.10

Equity 45

Equity Dividends Total Shareholder Return Corporate Finance 45

Reynolds Holding

AUGUST 30, 2023

Although poor economic or stock price performance can increase vulnerability, even companies that are respected industry leaders and have outperformed the market and their peers have been and are being attacked.

Equity 40

Equity Dividends Total Shareholder Return Finance 40

Reynolds Holding

SEPTEMBER 7, 2022

As we have previously noted, regardless of industry, size, performance or “newness” to the public markets, no company should consider itself immune from activism. Even companies that are respected industry leaders and have outperformed the market and their peers have been, and are being, attacked.

Equity 45

Equity Dividends Total Shareholder Return Marketability 45