Federal Register: SEC Requests Comments on Reg. S-K Disclosure

The SEC requested comments on disclosure requirements under Regulation S-K relating to management, certain security holders, and corporate governance matters contained in Subpart 400. The requirements relate to the following:

• disclosures about a registrant's directors, executive officers, promoters and control persons;

• disclosure of all plan and non-plan compensation awarded to, earned by, or paid to a registrant's named executive officers and directors;

• security ownership information of certain beneficial owners and management;

• description of transactions with related persons, promoters and certain control persons;

• identification of persons who failed to make timely filings of Section 16 reports;

• disclosures about whether the registrant has adopted a code of ethics that applies to certain of its executives; and

• governance disclosure about director independence, board meetings, various board committees (e.g., nominating, audit and compensation committees) and any process for shareholder communications.

Comments on the proposal must be submitted by October 31, 2016.