Category Archives: Uncategorized

Lead Director Profile: CEOs Wanted

Agenda – A Financial Times Service Article written by Amanda Gerut in Collaboration with MyLogIQ

As more boards provide additional details about the role and function of lead directors in company governance, common attributes and experiences that shape lead directors at the largest companies are emerging.

Though the responsibilities of lead directors and the profile of the position vary from company to company, data collected by SEC compliance and public company intelligence provider MyLogIQ shows several striking similarities among lead directors at the largest companies.

To view the full article click here.

Qatar and SEC Comment Letters on State Sponsors of Terrorism

Recently several Gulf nations, including Saudi Arabia, have severed connections with Qatar; they claim the country is destabilizing the region with its support for extremist groups. Though the United States has interests in the country of Qatar, President Trump has expressed his support for the boycotting of Qatar by the Gulf Nations, claiming “…perhaps this will be the beginning of the end to the horror of terrorism!”

If President Trump followed Saudi Arabia’s lead and pushed to label Qatar as a state sponsor of terrorism, what would this mean for public companies? What industries would most be affected?

Currently, the Department of State has labeled three different countries as state sponsors of terrorism: Sudan, Syria, and Iran. These countries are subject to U.S. economic sanctions and export controls.

The Securities and Exchange Commission ensures that public companies are depicting the nature and extent of any past, current, and anticipated contacts with these countries, whether through subsidiaries, affiliates, distributor, partners, joint venture partners or other direct or indirect arrangements in their SEC filings.

MyLogIQ studied trends in SEC Comment Letters relating states labeled as sponsors of terrorism and found the following data:

The top 10 industries who received SEC Comment Letters relating to countries designated as sponsors of terrorism and the number of companies for each industry are:

MyLogIQ also studied SEC filings for mentions of Qatar. The top 10 industries who have disclosed relationships or possible associations with Qatar are shown below.

SEC Comment Letter Disclosures:

Company: Delta Airlines Inc/DE/

SEC Comment Letter Disclosure: Please discuss the materiality of any contacts with Sudan and Syria you describe in response to the comment above, and whether the contacts constitute a material investment risk for your security holders.

Company Response: Deltas total revenues for 2014, 2015, 2016 and the first three months of 2017 were $40.4 billion, $40.7 billion, $39.6 billion, and $9.1 billion, respectively. As discussed in the response to comment 1 above, Delta did not operate flights to or from either Sudan or Syria during the referenced period nor did its subsidiaries or the companies in which Delta holds a minority investment operate in either of the two countries. The interline sales commission revenue Delta received from flights operated to or from Sudan (on carriers other than Sudanese carriers) did not exceed $3,000 per annum in any of the referenced period and did not exceed $2,000 per annum in two of the years in the referenced period. Delta had no revenue related to Syria in any of the years in the referenced period.

 

Company: Comcast Corp

SEC Comment Letter Disclosure: A press release on the NBCUniversal.com website dated January 13, 2016 states that NBCUniversal International signed a long-term deal with OSN, a pay-TV network in the Middle East and North Africa, granting OSN exclusive rights to NBCUniversal International content including the Syfy channel. The OSN.com website provides TV scheduling for its services in Sudan and Syria that include the Syfy channel and programming produced by Universal Pictures, an entity you identify on page 1 of the 10- K as included in your filmed entertainment business segment. Sudan and Syria are designated by the Department of State as state sponsors of terrorism, and are subject to U.S. economic sanctions and export controls. Please describe to us the nature and extent of any past, current, and anticipated contacts with Sudan and Syria, whether through subsidiaries, affiliates, distributors, partners, joint venture partners or other direct or indirect arrangements.

Company Response: NBCUniversal has not had any agreements and/or commercial arrangements with the governments of either Syria or Sudan during the last three fiscal years or the three months ended March 31, 2017 (the Relevant Time). NBCUniversal has had minimal contacts with Sudan and Syria during the Relevant Time as described below. We note that, although Sudan has not yet been removed from the list of state sponsors of terrorism, pursuant to a general license issued on January 17, 2017 by the U.S. Department of the Treasurys Office of Foreign Assets Control (OFAC), U.S. persons are currently generally permitted to transact with individuals and entities in Sudan. Further, Executive Order 13761, dated January 13, 2017, provides for the revocation of the sanctions provisions in prior Sudan-related Executive Orders on July 12, 2017, if the Government of Sudan sustains certain positive actions. We do not have business offices or ongoing operations located in Sudan or Syria. While our general approach is to exclude Sudan and Syria, as well as other countries subject to U.S. economic sanctions, from NBCUniversals distribution, programming, and licensing contracts, occasionally Sudan and/or Syria have been included within a larger territory covered in certain contractual arrangements in a manner consistent with OFAC regulations based on the application of guidance related to the general inventory rule and/or the informational materials exemption.

Company: Exar Corp

SEC Comment Letter Disclosure: We are aware of publicly available information indicating that you have significant business with ZTE Corporation, which is reported to have sold products into Sudan and Syria. Sudan and Syria are designated as state sponsors of terrorism by the State Department and are subject to U.S. economic sanctions and export controls. You do not include disclosure in the Form 10-K about contacts with Sudan and Syria. Please describe to us the nature and extent of any past, current and anticipated contacts with Sudan and Syria, whether through subsidiaries, original equipment manufacturers, distributors, customers or other direct or indirect arrangements.

Company Response: The Company has not entered into any agreements, arrangements or other contacts with Sudan or Syria and has no future plans to enter into any such agreements, arrangements or other contacts. Moreover, the Company does not maintain any offices or other facilities in Sudan or Syria, has no employees in either of those countries, and has no assets or liabilities associated with activities in either of those countries. The Company derives its revenue from the sale of semiconductors to distributors who then sell parts to their customers to integrate or incorporate into other products. The Companys distributors work with their customers to fulfill any orders that involve Company products. The Company receives a weekly resale report from its distributors so it can monitor its sell-through to its end customer. With respect to ZTE, which the Company considers its end customer, the Company does not directly sell any products to ZTE; all prior sales to ZTE have gone through the Companys distributors and consisted of sales of the Companys standard commodity products. In addition, the Company believes its standard terms and conditions of sale obligate its distributors and its end customers to strictly comply with United States export control laws and regulations.

 

 

For more information on our study or on how to use the Company IQ™ software to analyze your peer companies, please contact us at info@mylogiq.com or call 888-564-4910 and speak with one of our specialists. If you are quoting this study, attribution to MyLogIQ, LLC by providing a link to www.mylogiq.com and mention our service Company IQ™ “The new standard in public company research and competitive intelligence” is required.

Revenue Recognition Impact Classifications Study on S&P 500

MyLogIQ study reveals, ASU 2014-09 Revenue Recognition standard is still being evaluated in 63% of the S&P 500 companies, while nearly 7% disclosed they will have an impact, nearly 29% disclosed they will have no impact, and less than 1% have not mentioned the ASU. The 10-K and 10-Q filings for the last 180 days as of May 17, 2017 were analyzed in this study.

MyLogIQ researched the impact classifications of Financial Accounting Standard Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606) on the S&P 500 companies.
Summary:
Analyzing the S&P 500 companies, we classified them as follows:

Companies which disclosed revenue recognition to have No Impact: 147
Companies which disclosed revenue recognition evaluation in process: 314
Companies who have disclosed an Impact: 35

Companies which disclosed revenue recognition to have a Material Impact: 2
Companies which disclosed revenue recognition to have a Timing Impact: 23
Companies which disclosed revenue recognition to have a both Timing and Material Impact: 7
Companies which have an Impact but it is ambiguous: 3

Companies with no specific disclosure of ASU 2014-09: 4

For a detailed disclosure report with the disclosure language on companies who have stated an impact, please email info@mylogiq.com.


Companies who have as of May 17th will have a material impact on their revenue recognition (ASU 2014-09) are shown below, along with ASU adoption date.

The two (2) companies with material impact are:

Companies who have as of May 17th stated clearly that the policy ASU 2014-09, will have a timing impact on their revenue recognition are shown below, along with ASU adoption date.
The twenty-three (23) companies are:

Companies who have as of May 17th stated clearly that the policy ASU 2014-09, as currently written, will have a material and timing impact on their revenue recognition are shown below, along with ASU adoption date.
The seven (7) companies are:

Companies who have as of May 17th stated that the policy ASU 2014-09, as currently written, will have some impact on their revenue recognition, but have been ambiguous, are shown below, along with ASU adoption date.
The three (3) companies are:

All companies who have stated an impact are shown below, along with disclosure language directly from their SEC filings.

Companies who have as of May 17th stated clearly that the policy ASU 2014-09, as currently written, will have an immaterial impact on their revenue recognition are shown below. These companies may continue to evaluate any possible impacts.
The one hundred and forty-seven (147) companies are:

ABBOTT LABORATORIES
ACCENTURE PLC
ACTIVISION BLIZZARD, INC.
ADVANCE AUTO PARTS INC
AETNA INC /PA/
AFLAC INC
ALEXION PHARMACEUTICALS INC
ALLEGION PLC
ALPHABET INC.
ALTRIA GROUP, INC.
AMERICAN ELECTRIC POWER CO INC
AMERIPRISE FINANCIAL INC
AMGEN INC
ANADARKO PETROLEUM CORP
APACHE CORP
APPLE INC
AUTODESK INC
BALL CORP
BANK OF AMERICA CORP /DE/
BAXTER INTERNATIONAL INC
BED BATH & BEYOND INC
C H ROBINSON WORLDWIDE INC
CAPITAL ONE FINANCIAL CORP
CARMAX INC
CBOE HOLDINGS, INC.
CELGENE CORP /DE/
CENTENE CORP
CHIPOTLE MEXICAN GRILL INC
CHUBB LTD
CHURCH & DWIGHT CO INC /DE/
CIGNA CORP
CIMAREX ENERGY CO
CINCINNATI FINANCIAL CORP
CITIGROUP INC
CITIZENS FINANCIAL GROUP INC/RI
COLGATE PALMOLIVE CO
COMERICA INC /NEW/
CONCHO RESOURCES INC
CONOCOPHILLIPS
CONSTELLATION BRANDS, INC.
CROWN CASTLE INTERNATIONAL CORP
CSX CORP
DEVON ENERGY CORP/DE
DIGITAL REALTY TRUST, INC.
DISCOVER FINANCIAL SERVICES
DOLLAR TREE INC
E TRADE FINANCIAL CORP
EASTMAN CHEMICAL CO
EDISON INTERNATIONAL
EMERSON ELECTRIC CO
EQT CORP
ESSEX PROPERTY TRUST INC
EXELON CORP
EXPEDITORS INTERNATIONAL OF WASHINGTON INC
EXTRA SPACE STORAGE INC.
FASTENAL CO
FEDEX CORP
FIFTH THIRD BANCORP
FISERV INC
FORD MOTOR CO
FREEPORT-MCMORAN INC
GARTNER INC
GENERAL MILLS INC
GILEAD SCIENCES INC
GOLDMAN SACHS GROUP INC
HALLIBURTON CO
HARTFORD FINANCIAL SERVICES GROUP INC/DE
HASBRO INC
HERSHEY CO
HONEYWELL INTERNATIONAL INC
HOST HOTELS & RESORTS, INC.
HUNT J B TRANSPORT SERVICES INC
ILLINOIS TOOL WORKS INC
INGERSOLL-RAND PLC
J M SMUCKER CO
JPMORGAN CHASE & CO
KANSAS CITY SOUTHERN
KELLOGG CO
KIMBERLY CLARK CORP
KIMCO REALTY CORP
LOEWS CORP
LYONDELLBASELL INDUSTRIES N.V.
MACERICH CO
MARTIN MARIETTA MATERIALS INC
MASCO CORP /DE/
METLIFE INC
MONDELEZ INTERNATIONAL, INC.
MURPHY OIL CORP /DE
NAVIENT CORP
NETFLIX INC
NEWMONT MINING CORP /DE/
NOBLE ENERGY INC
NORTHERN TRUST CORP
NORTHROP GRUMMAN CORP /DE/
NUCOR CORP
ORACLE CORP
PACCAR INC
PAYCHEX INC
PAYPAL HOLDINGS, INC.
PEOPLE’S UNITED FINANCIAL, INC.
PEPSICO INC
PFIZER INC
PHILIP MORRIS INTERNATIONAL INC.
PIONEER NATURAL RESOURCES CO
PNC FINANCIAL SERVICES GROUP, INC.
PPL CORP
PRICE T ROWE GROUP INC
PROCTER & GAMBLE CO
PRUDENTIAL FINANCIAL INC
PUBLIC STORAGE
QUALCOMM INC/DE
QUEST DIAGNOSTICS INC
RAYTHEON CO/
REALTY INCOME CORP
REGENERON PHARMACEUTICALS INC
REGIONS FINANCIAL CORP
REYNOLDS AMERICAN INC
ROSS STORES INC
SCHLUMBERGER LIMITED/NV
SEMPRA ENERGY
SIMON PROPERTY GROUP INC /DE/
SNAP-ON INC
STATE STREET CORP
TARGET CORP
TE CONNECTIVITY LTD.
TESORO CORP /NEW/
TEXAS INSTRUMENTS INC
THERMO FISHER SCIENTIFIC INC.
TIME WARNER INC.
TRACTOR SUPPLY CO /DE/
TRAVELERS COMPANIES, INC.
TYSON FOODS INC
UDR, INC.
UNION PACIFIC CORP
UNITEDHEALTH GROUP INC
UNUM GROUP
US BANCORP /DE/
V F CORP
VALERO ENERGY CORP/TX
VERISIGN INC/CA
WAL MART STORES INC
WASTE MANAGEMENT INC
WESTERN UNION CO
WEYERHAEUSER CO
XEROX CORP
YUM BRANDS INC
ZOETIS INC.

The following companies have stated in their SEC filings that they are evaluating the impact of applying ASU 2014-09, if any, to their revenue recognition. These companies might have stated that the impact will be material or not for part of their business, but have not stated end results of their evaluations.
The three hundred and fourteen (314) companies are:

ABBVIE INC.
ACUITY BRANDS INC
AES CORP
AFFILIATED MANAGERS GROUP, INC.
AGILENT TECHNOLOGIES INC
AIR PRODUCTS & CHEMICALS INC /DE/
ALASKA AIR GROUP, INC.
ALBEMARLE CORP
ALEXANDRIA REAL ESTATE EQUITIES INC
ALLERGAN PLC
ALLIANCE DATA SYSTEMS CORP
ALLIANT ENERGY CORP
ALLSTATE CORP
AMAZON COM INC
AMEREN CORP
AMERICAN AIRLINES GROUP INC.
AMERICAN EXPRESS CO
AMERICAN INTERNATIONAL GROUP INC
AMERICAN TOWER CORP /MA/
AMERICAN WATER WORKS COMPANY, INC.
AMERISOURCEBERGEN CORP
AMETEK INC/
AMPHENOL CORP /DE/
AMSURG CORP
ANTHEM, INC.
AON PLC
APARTMENT INVESTMENT & MANAGEMENT CO
APPLIED MATERIALS INC /DE
ARCHER DANIELS MIDLAND CO
ARCONIC INC.
ASSURANT INC
AT&T INC.
AUTOMATIC DATA PROCESSING INC
AUTONATION, INC.
AUTOZONE INC
AVALONBAY COMMUNITIES INC
AVERY DENNISON CORP
BAKER HUGHES INC
BANK OF NEW YORK MELLON CORP
BB&T CORP
BECTON DICKINSON & CO
BERKSHIRE HATHAWAY INC
BIOGEN INC.
BLACKROCK INC.
BORGWARNER INC
BOSTON PROPERTIES INC
BOSTON SCIENTIFIC CORP
BROADCOM LTD
BROWN FORMAN CORP
CABOT OIL & GAS CORP
CAMPBELL SOUP CO
CARDINAL HEALTH INC
CARNIVAL CORP
CATERPILLAR INC
CBRE GROUP, INC.
CBS CORP
CENTERPOINT ENERGY INC
CENTURYLINK, INC
CERNER CORP /MO/
CF INDUSTRIES HOLDINGS, INC.
CHARTER COMMUNICATIONS, INC. /MO/
CHESAPEAKE ENERGY CORP
CHEVRON CORP
CINTAS CORP
CISCO SYSTEMS, INC.
CITRIX SYSTEMS INC
CLOROX CO /DE/
CME GROUP INC.
CMS ENERGY CORP
COACH INC
COGNIZANT TECHNOLOGY SOLUTIONS CORP
CONAGRA BRANDS INC.
CONSOLIDATED EDISON INC
COOPER COMPANIES INC
CORNING INC /NY
COSTCO WHOLESALE CORP /NEW
COTY INC.
CSRA INC.
CUMMINS INC
CVS HEALTH CORP
DANAHER CORP /DE/
DARDEN RESTAURANTS INC
DAVITA INC.
DEERE & CO
DELPHI AUTOMOTIVE PLC
DELTA AIR LINES INC /DE/
DISCOVERY COMMUNICATIONS, INC.
DISH NETWORK CORP
DOMINION RESOURCES INC /VA/
DOVER CORP
DOW CHEMICAL CO /DE/
DTE ENERGY CO
DUKE ENERGY CORP
DUPONT E I DE NEMOURS & CO
EATON CORP PLC
EBAY INC
ECOLAB INC
EDWARDS LIFESCIENCES CORP
ELECTRONIC ARTS INC.
EOG RESOURCES INC
EQUIFAX INC
EQUINIX INC
EQUITY RESIDENTIAL
ESTEE LAUDER COMPANIES INC
EVERSOURCE ENERGY
EXPEDIA, INC.
EXPRESS SCRIPTS HOLDING CO.
EXXON MOBIL CORP
F5 NETWORKS INC
FACEBOOK INC
FEDERAL REALTY INVESTMENT TRUST
FIDELITY NATIONAL INFORMATION SERVICES, INC.
FIRSTENERGY CORP
FLIR SYSTEMS INC
FLOWSERVE CORP
FLUOR CORP
FMC CORP
FMC TECHNOLOGIES INC
FOOT LOCKER INC
FORTIVE CORP
FORTUNE BRANDS HOME & SECURITY, INC.
FRANKLIN RESOURCES INC
GALLAGHER ARTHUR J & CO
GAP INC
GARMIN LTD
GENERAL ELECTRIC CO
GENUINE PARTS CO
GGP INC.
GOODYEAR TIRE & RUBBER CO /OH/
GRAINGER W W INC
H&R BLOCK INC
HALF ROBERT INTERNATIONAL INC /DE/
HANESBRANDS INC.
HARLEY DAVIDSON INC
HARRIS CORP /DE/
HCA HEALTHCARE, INC.
HCP, INC.
HELMERICH & PAYNE INC
HENRY SCHEIN INC
HESS CORP
HEWLETT PACKARD ENTERPRISE CO
HOLOGIC INC
HOME DEPOT INC
HORMEL FOODS CORP /DE/
HORTON D R INC /DE/
HP INC
HUMANA INC
HUNTINGTON BANCSHARES INC/MD
IDEXX LABORATORIES INC /DE
ILLUMINA INC
INTEL CORP
INTERCONTINENTAL EXCHANGE, INC.
INTERNATIONAL FLAVORS & FRAGRANCES INC
INTERNATIONAL PAPER CO /NEW/
INTERPUBLIC GROUP OF COMPANIES, INC.
INTUIT INC
INTUITIVE SURGICAL INC
INVESCO LTD.
JACOBS ENGINEERING GROUP INC /DE/
JOHNSON & JOHNSON
JOHNSON CONTROLS INTERNATIONAL PLC
KEYCORP /NEW/
KINDER MORGAN, INC.
KLA TENCOR CORP
KOHLS CORP
KRAFT HEINZ CO
KROGER CO
L 3 COMMUNICATIONS HOLDINGS INC
L BRANDS, INC.
LABORATORY CORP OF AMERICA HOLDINGS
LAM RESEARCH CORP
LEGGETT & PLATT INC
LENNAR CORP /NEW/
LEUCADIA NATIONAL CORP
LEVEL 3 COMMUNICATIONS INC
LILLY ELI & CO
LINCOLN NATIONAL CORP
LKQ CORP
LOCKHEED MARTIN CORP
LOWES COMPANIES INC
M&T BANK CORP
MALLINCKRODT PLC
MARATHON OIL CORP
MARATHON PETROLEUM CORP
MARRIOTT INTERNATIONAL INC /MD/
MARSH & MCLENNAN COMPANIES, INC.
MASTERCARD INC
MATTEL INC /DE/
MCCORMICK & CO INC
MCDONALDS CORP
MCKESSON CORP
MEAD JOHNSON NUTRITION CO
MEDTRONIC PLC
MERCK & CO. INC.
MICHAEL KORS HOLDINGS LTD
MICROCHIP TECHNOLOGY INC
MICRON TECHNOLOGY INC
MID AMERICA APARTMENT COMMUNITIES INC
MOHAWK INDUSTRIES INC
MOLSON COORS BREWING CO
MONSTER BEVERAGE CORP
MOODYS CORP /DE/
MORGAN STANLEY
MOSAIC CO
MOTOROLA SOLUTIONS, INC.
MYLAN N.V.
NATIONAL OILWELL VARCO INC
NETAPP, INC.
NEWELL BRANDS INC
NEWFIELD EXPLORATION CO /DE/
NEWS CORP
NEXTERA ENERGY INC
NIELSEN HOLDINGS PLC
NIKE INC
NISOURCE INC/DE
NORDSTROM INC
NORFOLK SOUTHERN CORP
NRG ENERGY, INC.
NVIDIA CORP
O REILLY AUTOMOTIVE INC
OCCIDENTAL PETROLEUM CORP /DE/
OMNICOM GROUP INC.
ONEOK INC /NEW/
PARKER HANNIFIN CORP
PATTERSON COMPANIES, INC.
PENTAIR PLC
PERKINELMER INC
PERRIGO CO PLC
PG&E CORP
PHILLIPS 66
PINNACLE WEST CAPITAL CORP
PPG INDUSTRIES INC
PRAXAIR INC
PRINCIPAL FINANCIAL GROUP INC
PROGRESSIVE CORP/OH/
PROLOGIS, INC.
PUBLIC SERVICE ENTERPRISE GROUP INC
PULTEGROUP INC/MI/
PVH CORP. /DE/
QORVO, INC.
QUANTA SERVICES INC
RALPH LAUREN CORP
RANGE RESOURCES CORP
RAYMOND JAMES FINANCIAL INC
RED HAT INC
REGENCY CENTERS CORP
REPUBLIC SERVICES, INC.
ROCKWELL AUTOMATION INC
ROCKWELL COLLINS INC
ROPER TECHNOLOGIES INC
ROYAL CARIBBEAN CRUISES LTD
RYDER SYSTEM INC
S&P GLOBAL INC.
SALESFORCE COM INC
SCANA CORP
SCHWAB CHARLES CORP
SCRIPPS NETWORKS INTERACTIVE, INC.
SEAGATE TECHNOLOGY PLC
SEALED AIR CORP/DE
SHERWIN WILLIAMS CO
SIGNET JEWELERS LTD
SKYWORKS SOLUTIONS, INC.
SL GREEN REALTY CORP
SOUTHERN CO
SOUTHWESTERN ENERGY CO
STAPLES INC
STARBUCKS CORP
STERICYCLE INC
SUNTRUST BANKS INC
SYMANTEC CORP
SYNCHRONY FINANCIAL
SYNOPSYS INC
SYSCO CORP
TEGNA INC
TERADATA CORP /DE/
TEXTRON INC
TIFFANY & CO
TJX COMPANIES INC /DE/
TRANSDIGM GROUP INC
TRANSOCEAN LTD.
TRIPADVISOR, INC.
ULTA BEAUTY, INC.
UNDER ARMOUR, INC.
UNITED CONTINENTAL HOLDINGS, INC.
UNITED PARCEL SERVICE INC
UNITED RENTALS INC /DE
UNIVERSAL HEALTH SERVICES INC
VARIAN MEDICAL SYSTEMS INC
VENTAS INC
VERISK ANALYTICS, INC.
VERIZON COMMUNICATIONS INC
VERTEX PHARMACEUTICALS INC / MA
VIACOM INC.
VISA INC.
VORNADO REALTY TRUST
VULCAN MATERIALS CO
WALGREENS BOOTS ALLIANCE, INC.
WALT DISNEY CO/
WATERS CORP /DE/
WEC ENERGY GROUP, INC.
WELLS FARGO & COMPANY/MN
WELLTOWER INC.
WESTROCK CO
WHIRLPOOL CORP /DE/
WHOLE FOODS MARKET INC
WILLIAMS COMPANIES INC
WILLIS TOWERS WATSON PLC
WYNN RESORTS LTD
XCEL ENERGY INC
XILINX INC
XYLEM INC.
YAHOO INC
ZIMMER BIOMET HOLDINGS, INC.
ZIONS BANCORPORATION /UT/

The following companies have not addressed ASU 2014-09 in the last 180 days. These companies did not mention “ASU 2014-09,” “Accounting Guidance Update,” “Accounting Pronouncements,” or any other disclosure addressing the ASU in their filings.

ENTERGY CORP /DE/
TORCHMARK CORP
TWENTY-FIRST CENTURY FOX, INC.
XL GROUP LTD

For more information on our study or on how to use the Company IQ™ software to analyze your peer companies, please contact us at info@mylogiq.com or call 888-564-4910 and speak with one of our specialists. If you are quoting this study, attribution to MyLogIQ, LLC by providing a link to www.mylogiq.com and mention our service Company IQ™ “The new standard in public company research and competitive intelligence” is required.

The Virtual Shareholder Meeting: A Growing Way to Avoid Protestors?

The upcoming March 22nd annual shareholder meeting of the Hewlett Packer Enterprise (HPE) Company during President Trump’s first 100 days in office will be interesting in one fascinating way. It will be completely virtual.

As protests of all kinds rock American society, we may be on the cutting edge of a trend that will become standard operating procedure in the near future. According to HPE, an all virtual meeting enables shareholder participation. But is that their only objective?

This is the second year that HPE held an all virtual annual meeting. Only 70 companies out of the existing 8,000 held virtual meetings last year. Of those 70, only the following eight joined HPE as a S&P 500 company:

1) Alaska Air
2) CA Technologies
3) CSRA
4) Harman International
5) Illumina
6) Laboratory Corp of America
7) Mosaic
8) PayPal

Companies have always had shareholder meetings. Some of these meetings are more popular than others. But they were always held in hotels or fancy corporate offices. This will be the first all virtual meeting with no physical meeting location since President Trump took office. To be clear, companies have always given shareholders the opportunity to listen in online or phone in but that has always been in connection to a meeting happening in a physical location.

Could this be a growing trend? A result of the corporate backlash from the masses aided by our country’s CEO? In our view, it makes most sense to hold shareholder meetings online. It provides safety to the attendees and host. But how will protesters, who are used to having a physical location to disrupt, react? Will they call in on the internet and submit a protest video stream? Danger: Could activist hackers take over a meeting and spread fake corporate news? IR officers may have a new role!

Source: https://www.sec.gov/Archives/edgar/data/1645590/000104746917000541/a2230793zdef14a.htm