M&A Leadership Council

AUGUST 1, 2023

Large public companies are generally expected to link their CEO pay to total shareholder return over one to three years, whereas a new start-up will tend to focus more on sales growth. Bonus pay may be hard to align following a merger between one firm with huge bonuses and another one with none. If so, what are they?

Total Shareholder Return 52

Total Shareholder Return Mergers & Acquisitions Start-ups Equity 52

Harvard Corporate Governance

OCTOBER 9, 2023

3] SHARE BUYBACK DISCLOSURES In May 2023, the SEC adopted new disclosure requirements for purchases of an issuer’s equity securities by or on behalf of the issuer or an affiliated purchaser, commonly referred to as “buybacks.” Quarterly Disclosures. The rule generally requires disclosure of five years of pay versus performance data.

Total Shareholder Return 188

Total Shareholder Return Equity Compliance Marketability 188

Reynolds Holding

MARCH 1, 2023

Financial reporting measures also include stock price and total shareholder return (TSR). What if the incentive-based compensation is based on stock price or Total Shareholder Return (TSR)? Our client alert on the SEC’s final clawback rule can be found here. Same as the NYSE. Same as the NYSE.

Compliance 45

Compliance Total Shareholder Return Finance Equity 45

Reynolds Holding

JUNE 14, 2022

Incentive-based compensation is any compensation that is granted, earned or vested based wholly or in part on the attainment of a financial reporting measure, including stock price or total shareholder return.

Total Shareholder Return 45

Total Shareholder Return Equity 45

Benzinga

FEBRUARY 29, 2024

The transaction is expected to drive attractive total shareholder returns, including at least $50 million of synergies, implying expected double-digit Adjusted EPS accretion immediately on a run-rate synergy basis and accelerated earnings growth potential from topline development, synergies, and deleveraging.

EBITDA 40

EBITDA Dividends Technology Total Shareholder Return 40

Reynolds Holding

AUGUST 30, 2023

In addition, the line between hedge fund activism and private equity continues to blur, with some activist funds becoming bidders themselves for all or part of a company, and a handful of private equity funds exploring activist-style investments in, and engagement with, public companies.

Equity 40

Equity Dividends Total Shareholder Return Finance 40

Reynolds Holding

SEPTEMBER 7, 2022

In addition, the line between hedge fund activism and private equity continues to blur, with some activist funds becoming bidders themselves for all or part of a company, and a handful of private equity funds exploring activist-style investments in, and engagement with, public companies. Responding to an Activist Approach.

Equity 45

Equity Dividends Total Shareholder Return Marketability 45