At a recent special joint session for NeuGroup for Mega-Cap Treasurers and NeuGroup for Large-Cap Treasurers, members and guests had the opportunity to share their reactions to recent proposals from the SEC regarding updated requirements around share repurchases.
- The two proposals announced by the SEC last month, one that would require a 30-day cooldown period after adopting a 10b5-1 share repurchase plan, and another that would require additional disclosure for share repurchases, would impact a number of members’ strategies—so they turned to NeuGroup to connect them immediately to exchange knowledge, insights and determine needed actions.
High demand. Last week, one member of NeuGroup for Mega-Cap Treasurers messaged peer group leader Scott Flieger, asking to connect with others on the SEC proposals around share repurchase programs, especially with those who have large existing programs.
- Multiple other members reached out looking to discuss the topic, so NeuGroup acted quickly, organizing an ad hoc session earlier this week to connect on the hot topic.
A lively meeting. For over half an hour, members peppered each another with questions about the new regulations, their ramifications, and how member companies may respond to the proposals.
- More than a dozen members attended the meeting, which one said was “super helpful.”