While this timeline could be pushed back by the SEC, public companies should be taking steps now to prepare for implementing compliant policies by the August deadline. Cujo is a 1983 American horror film based on Stephen Kings 1981 novel of the same name and directed by Lewis Teague. We note that June 11 is a Sunday, so if SEC approval is granted on the last business day of the 90-day period (June 9), the 60th day would be Tuesday, August 8. If the SEC waits until June 11, then public companies will have 60 days after that date to adopt compliant clawback policies, and the deadline date for compliance would be August 10.

The outside date of this 90-day review period (barring another SEC extension) will be June 11, and the SEC has stated that it will decide on the current proposals by that date (absent further extension). There is so much focus on Vic's business trip, and it was extremely long winded, but it's a psychological deep dive that reminds me alot of Louis Creed's inner monologue in Pet Sematary. The SEC indicated on Apthat it expects to take longer than the initial 45 days contemplated by the proposed NYSE/Nasdaq clawback listing standards and expects to instead take up to the full 90 days (or longer) to approve the standards. In my opinion Cujo is one of King's more overrated books, but I think a few of the subplots were protyptical to some of his works we would see in years following. In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), new rulesdirecting national securities exchanges, including the New York Stock Exchange (NYSE) and Nasdaq Stock Market (Nasdaq), to adopt listing standards for compensation recovery (clawback) policies were announced on Octoby the US Securities and Exchange Commission (SEC).įollowing this announcement, and in conformance with the SEC’s final Dodd-Frank clawback rule (Rule 10-D1 of the Securities Exchange Act of 1934, as amended), both the NYSEand Nasdaq submitted their clawback proposals to the SEC on February 22, 2023.

Cujo frank dodd