Securities Alert – SEC Proposal on Climate-Related Disclosures
The SEC voted 3-1 to propose rule amendments to the financial reporting requirements
GableGotwals Welcomes Banking Attorney Jason Coutant to the Firm
He has extensive experience in banking and finance as well as in mergers and acquisitions and securities. Jason’s knowledge and expertise are a great addition to GableGotwals’ IFLR1000 top-ranked corporate and finance practice.
$1.1 Billion Revolving Credit Facilities
GableGotwals represented OGE Energy Corp. and its subsidiary, Oklahoma Gas and Electric Company, as sole and lead counsel in two new unsecured five-year revolving credit facilities with a combined borrowing capacity of $1.1 billion.
Securities Alert – SEC Adopts Universal Proxy Cards
On November 17, 2021, the Securities and Exchange Commission (SEC) adopted new Rule 14a-19 and amendments to existing rules affecting the procedure for director elections.
Securities Alert – ESG Shareholder Proposals More Likely After Issuance of a New Staff Legal Bulletin
The Staff of the SEC’s Division of Corporation Finance (Staff) significantly changed guidance on shareholder proposals in its recently released Staff Legal Bulletin (SLB) 14L.
Securities Alert – NYSE Proposes Change to How Abstentions Are Counted
In late September 2021, the NYSE filed a proposal with the SEC to amend Section 312.07 of its Listed Company Manual to change how a company calculates the number of votes need to approve action subject to that section “in accordance with its own governing documents and any applicable law.”
Securities Alert – Recent Amendments That Are Now Applicable to Upcoming Annual Reports On Form 10-K
Now that the amendments adopted last year are applicable, calendar year reporting companies will need to update their disclosures in the Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) section of their upcoming annual reports on Form 10-K
Securities Alert – NYSE Approves Amendments to Related Party Transaction Requirements
NYSE amends its related party transaction rule for the second time in less than 5 months.