This episode of The EC Minute takes a look at annual incentive plans and positive discretion. Specifically, we look at the implications of exercising positive discretion on proxy disclosure in the Summary Compensation Table as well as a possible alternative design.
This episode of the EC Minute takes a look at Regis Corporation’s (NYSE: RGS) new long-term incentive (LTI) design for Fiscal 2019. The design is reminiscent of one used by a private equity controlled company, insofar as it has front-loaded equity grants, plus the possibility of additional equity grants during the next 5 years only if the participant invests in company stock.
This episode looks at recently released guidance from the IRS on the changes wrought to Section 162(m) by the Tax Cuts and Jobs Act (TCJA). In particular, the changes made by TCJA are reviewed, including the significant changes made to the definition of Covered Employee as well as the requirements of the grandfather rule for compensation paid pursuant to written binding contracts existing on November 2, 2017. The guidance provided by the Treasury Department and the IRS, as well as its implications for these key changes, is also discussed.