Corporate Alert: Changes to Form 8-K Relating to Executive Compensation Disclosure
As part of the new rules recently adopted by the Securities and Exchange Commission that amend disclosure requirements for executive and director compensation, related person transactions, director independence and other corporate governance and disclosure matters, the SEC adopted certain changes to current reports on Form 8-K, reflecting a re-evaluation of the types of compensation and employment disclosures that merit real-time disclosure. Compliance with the changes to current reports on Form 8-K will be required for triggering events that occur on or after November 7, 2006. This alert highlights the impact of the new rules on reporting obligations with respect to Form 8-K.