Preparing for New Issuer Repurchase Disclosures

Download IconDownload Print IconPrint

Preparing for New Issuer Repurchase Disclosures

Client Alert

Related Documents

Contributors

Related Solutions

WilmerHale’s broker-dealer team draws on its intricate knowledge of the regulatory landscape to advise the world’s leading financial market participants.
Leveraging our sophisticated technical, market and legal experience to help clients effectively and efficiently manage complex transactions and get the deal done.
A premier corporate governance and disclosure practice providing timely, tailored and practical advice to public company clients based on in-depth experience and insight.
Helping clients launch their businesses and transform their innovative ideas into successful companies.
Lawyers with deep and broad experience counseling clients in every industry on the design of executive compensation arrangements and on general compensation and benefits issues.
WilmerHale has played a leading role in shaping the rules that govern the financial services industry in the United States.
WilmerHale’s Investment Management Group provides sophisticated legal and regulatory advice to investment advisers, private fund sponsors, registered funds, and their independent trustees.
WilmerHale has a record of success at all stages of enforcement proceedings—from informal inquiries to litigation.
WilmerHale has defended clients in hundreds of class, derivative, shareholder and individual actions alleging securities fraud, breach of fiduciary duty and other corporate misconduct.
A deep and diverse practice focused on maximizing tax efficiencies and minimizing tax risks for clients nationally and internationally.

In May 2023, the Securities and Exchange Commission (SEC) amended its rules to significantly increase the disclosures public companies must make about repurchases of their equity securities. The recent amendments are the latest in a series of federal rule changes focused on insider trading and issuer repurchases, including the SEC’s December 2022 rulemaking imposing new requirements to rely on Rule 10b5-1 and new disclosures concerning the use of such plans,1 as well as the new excise tax on share repurchases that became effective January 1, 2023.2

Read the full alert.

Contributors