• New SEC Rules Regarding Disclosure of Equity Compensation Plan Information
  • August 12, 2003
  • Law Firm: Duane Morris LLP - Philadelphia Office
  • The Securities and Exchange Commission has recently adopted new rules that require enhanced disclosure with respect to equity compensation plans. These rules require a public company to disclose annually (i) the number of securities that may be acquired pursuant to outstanding options, warrants and rights granted by the company under those plans, (ii) the weighted average exercise price of such securities and (iii) the number of securities remaining available for future issuance under those plans. Companies must disclose the required information in a table with respect to equity compensation plans that have not been approved by security holders and for plans that have been approved.