Brian DeChesare

SEPTEMBER 20, 2023

No Right or Wrong Answers – Some technical questions have correct answers, but many market and investment ones do not. In some ways, prep for VC interviews is easier because you don’t have to learn or memorize many technical topics, but in some ways, it’s harder since you have to do lots of firm-specific research.

Start-ups 59

Start-ups Equity Marketability Terminal Value 59

Appraiser Newsroom

JULY 5, 2022

Sandhills Global serves the trucking, agriculture, construction, heavy machinery, aviation, and technology industries with a diverse range of products and services from well-established trade publications and websites to hosted technology services customized to meet the evolving needs of their customers.

Appraisal 52

Appraisal Business Valuation Banking Technology 52

Musings on Markets

JULY 14, 2021

In the last few decades, as disclosure requirements for publicly traded firms have increased, annual reports and regulatory filings have become heftier. Between 1897 and 1905, for instance, Westinghouse Electric & Manufacturing neither published an annual report, not held a shareholder meeting.

Start-ups 52

Start-ups Marketability 52

Musings on Markets

SEPTEMBER 14, 2021

In the year since, I have heard from many on the topic, and while there are some who agreed with me on the internal inconsistencies in its arguments, there were quite a few who disagreed with me. To meet this demand, services have popped up around the world, claiming to measure ESG with scores and ratings.

Start-ups 99

Start-ups Marketability Firm Value 99

Benzinga

APRIL 28, 2023

(NASDAQ: MPB ) ("Mid Penn"), the parent company of Mid Penn Bank (the "Bank") and MPB Financial Services, LLC, today reported net income available to common shareholders ("earnings") for the quarter ended March 31, 2023 of $11.2 million, or 10.7% (annualized), from the fourth quarter of 2022. million, or $0.71

Dividends 40

Dividends Banking Book Value Equity 40

Reynolds Holding

OCTOBER 5, 2023

As compliance officers, you are on the front line of protecting your company and its shareholders, and in today’s world, more and more frequently that means protecting national security. That’s money saved for Albemarle and its shareholders – and a concrete demonstration of the value of clawback programs. So, what is next?

Compliance 40

Compliance Start-ups Banking Finance 40

Reynolds Holding

JANUARY 10, 2023

In this complicated macroeconomic, political, and legal context, this fourth annual installment of Latham’s ESG Top 10 List highlights the ESG developments and trends that are likely to emerge in 2023. However, how these stakeholders expect organizations to respond to ESG issues is becoming increasingly more nuanced and complex.

Start-ups 56

Start-ups Marketability Banking Finance 56

FE International

MARCH 23, 2022

Similarly, the ownership structure tends to fragment with several shareholders who typically play a less active role in the business, often hiring a general manager or CEO to oversee operations. SaaS businesses typically fall within the 4x – 10x annual profit (SDE) range, and this can be determined by a large number of SaaS metrics.

EBITDA 105

EBITDA Start-ups Business Valuation Marketability 105

Reynolds Holding

MAY 25, 2023

As Commissioner Healy said in the hearings leading to the Act: “Due to the right of the stockholder to come in and demand a redemption, the [open-end fund] has to keep itself in a very liquid position. 23] Money market funds gave shareholders market-based returns fully backed one to one in the markets.

Banking 40

Banking Treasury Marketability Start-ups 40

Reynolds Holding

FEBRUARY 15, 2024

The final rules significantly impact SPACs in a number of ways, including by: Mandating new disclosure requirements in SPAC IPOs and de-SPAC business combinations regarding the sponsor of the SPAC, potential conflicts of interest and dilution of shareholder interests. The final rules, and the related guidance, aim to address these concerns.

Finance 45

Finance Appraisal Marketability Treasury 45

Musings on Markets

DECEMBER 21, 2022

In a world where specialization is the norm, this does put me at a bit of a disadvantage, since there are many who know a great deal more about almost any topic that I choose to talk about, but I do think that it gives me a big-picture perspective that helps me find answers.

Corporate Finance 89

Corporate Finance Finance Start-ups Marketability 89

Reynolds Holding

JUNE 27, 2023

Darla led the Society’s efforts on numerous topics related to shareholders and corporate governance. One of those topics is rule 14a-8 [1] and shareholder proposals, a subject on which many SEC commissioners have provided their views over the years and, indeed, decades. [2] Staff Legal Bulletin No.

Corporate Finance 45

Corporate Finance Marketability Finance Start-ups 45

Harvard Corporate Governance

NOVEMBER 21, 2022

I. Ten Key Developments to Consider when Updating Annual Report Risk Factor Disclosures. II. Four Important Drafting Considerations when Updating Annual Memo Risk Factor Disclosures. This post is based on a White & Case memorandum by Ms. Anagnosti, Ms. Anderson, Scott Levi , Amanda Maki and Danielle Herrick.

Technology 246

Technology Marketability Compliance Finance 246

Reynolds Holding

JUNE 13, 2022

In December 2021, As You Sow , a non-profit foundation promoting environmental and social corporate responsibility, filed shareholder proposals on behalf of Amazon.com and Comcast Corporation shareholders for action at each of their 2022 annual meetings.

56

56

Reynolds Holding

MAY 4, 2022

The 2021 Annual Corporate Directors Survey [5] indicates that ESG is among the topics that shareholders most want to discuss with directors, and 62 percent of directors of companies with annual revenues in excess of $5 billion confirmed that ESG themes are regularly on their board’s agenda. Heineman, Jr.

Compliance 58

Compliance Marketability 58

Reynolds Holding

NOVEMBER 14, 2022

6] In this situation, the Commission granted relief requested by certain funds to temporarily suspend the right of redemption for the protection of the funds’ shareholders. [7] 10] The amendments are designed to improve funds’ preparedness for stressed market conditions and to mitigate the dilution of shareholders’ interests.

Marketability 45

Marketability Equity 45

Musings on Markets

JULY 22, 2021

The Prospectus To get the assessment of the company started, I began by looking at Zomato's prospectus and all of the concerns I noted about excessive and distracting disclosure that I laid out in last week's post on the topic, came rushing back to me.

Marketability 86

Marketability Start-ups Equity Price to Book 86

Reynolds Holding

OCTOBER 5, 2022

Figure 1 below reflects the semi-annual filing rates dating back to 2013 (all charts courtesy of Cornerstone Research). For the third six-month period in a row, new filings remained below the historical semi-annual average. In Coster , upon the death of plaintiff’s husband, plaintiff became a 50% shareholder of UIP. 2d 437 (Del.

Start-ups 72

Start-ups Marketability Equity Compliance 72

Reynolds Holding

MAY 25, 2022

However, geopolitical instability may be the new normal, and the resulting risks may require companies to consider how these risks affect their business, and for public companies, disclosure of such information to shareholders. The SEC’s Division of Corporate Finance first issued Guidance Topic No. Compare In re NVIDIA Corp.

Compliance 53

Compliance Start-ups Marketability Corporate Finance 53

Reynolds Holding

JANUARY 26, 2023

While the NYSE has not put in place a similar rule, many NYSE companies are including a board diversity matrix in order to meet their peers’ disclosure in this area and satisfy investor demands. ENDNOTES [1] See our January 2019 alert memo on this topic for more information, available here. [2] 3] SEC Release No.

Start-ups 94

Start-ups Marketability Compliance 94

Reynolds Holding

MARCH 27, 2023

Although the market for SPAC IPOs has cooled relative to 2021, litigation arising out of SPAC transactions remains active, and courts have started to rule on motions to dismiss in SPAC-related shareholder lawsuits, with several recent decisions finding plaintiffs’ allegations to be sufficient to move forward. Figure 6: II.

Technology 59

Technology Start-ups Compliance Finance 59

Reynolds Holding

JULY 29, 2022

This post provides an overview of shareholder proposals submitted to public companies during the 2022 proxy season, [1] including statistics and notable decisions from the staff (the “Staff”) of the Securities and Exchange Commission (the “SEC”) on no-action requests. [2]. in 2022 from 36.3% in 2022 from 32.8% in 2022 from 43.5% in 2021.

Equity 98

Equity Dividends Banking Finance 98

Reynolds Holding

JULY 27, 2022

1] As I suspect many of you know – and as the spring regulatory agenda demonstrates [2] – there is a significant list of current issues and trends in Investment Management under consideration at the Securities and Exchange Commission right now. Let’s begin with a broad array of topics on our regulatory map.

Banking 45

Banking Marketability Finance Corporate Finance 45

Farrel Fritz

JUNE 12, 2023

That’s where the Business Law Section of the American Bar Association’s annual LLC Institute comes in. Notwithstanding her decades of experience and substantial contributions to the firm, Straka faced sexual harassment from a senior accountant, which the majority shareholders failed to address. Professor Miller explained that had Ms.

Appraisal 52

Appraisal Accounting Firms 52

Reynolds Holding

FEBRUARY 9, 2023

In this article, we examine the key ESG topics impacting businesses in the second half of 2022, which included the green energy transition, the performance of ESG funds, the role of ESG matters in disputes and the ongoing development of the ESG legislative and regulatory landscape in the U.K., and Europe.

Finance 49

Finance Marketability Start-ups Equity 49

ThomsonReuters

JUNE 7, 2021

And let’s not forget that these days, you’re accountable to a wide range of stakeholders—including governments, regulators, shareholders, customers, employees, suppliers and communities—many of whom are demanding transparency in your approach to ESG issues. This heightened scrutiny isn’t likely to let up anytime soon.

Compliance 98

Compliance Start-ups Private Equity Firm Finance 98