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NeuGroup Acts Fast to Connect Members Seeking Insights on SEC Buyback Proposals

By January 12, 2022No Comments

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.”

For more on the topic, stay tune to our events calendar, and read our most recent story in NeuGroup Insights for takeaways on the meeting.

Justin Jones

Author Justin Jones

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