With the July 2023 adoption by the U.S. Securities and Exchange Commission (SEC) of enhanced disclosures of cybersecurity incidents and risk management, we updated our March 2023 review of current reporting practices to see where things stand and to help provide guidance to companies. The new rule, Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure…
T-Mobile announced in a Form 8-K last month that it had suffered a cybersecurity breach that could present “significant,” yet probably not material, costs to the company. The disclosure included a swath of information — including details on the types of files accessed by bad actors, where hackers probably got into T-Mobile’s systems and a…
As the downturn has affected a growing number of companies, it has become plain that “no one is immune” from letting workers go, in the words of Richard Florida, who teaches economic policy at the University of Toronto. Yet as our most recent research shows, some companies are better inoculated than others from having to…
Boards should expect pressure from investors and regulators to disclose more information on workforce health and safety measures in light of the Covid-19 pandemic, experts say. Major investors say the current disclosures aren’t detailed enough, and a large group is pressuring the SEC to ramp up disclosure requirements on the effectiveness of companies’ human capital–related measures. The…
When meat orders from restaurants, hotels and other food-service clients dried up at two of Hormel Foods Corp.’s plants in April, finance chief Jim Sheehan chose to furlough roughly 350 workers, but didn’t lay them off. These furloughed employees didn’t receive pay but got benefits such as health care. It was a careful calculus. After years of effort…
Covid-19 has led to widespread changes to financial guidance, buyback programs and dividend payments across the whole of the US equity market, although notable differences exist between different market-cap segments, according to new research. IR Magazine has worked with MyLogIQ, a provider of intelligence tools focused on compliance and disclosure, to understand how companies on the…
According to a review of SEC filings by S&P 500 companies by MyLogIQ, as of May 11: 273 S&P 500 companies have switched to virtual meetings 146 S&P 500 companies have suspended share buybacks 50 S&P 500 companies have suspended or cut dividends 37 S&P 500 companies have instituted job freezes 91 S&P 500 companies have cut executive…
According to a review of SEC filings by S&P 500 companies by MyLogIQ, as of May 4: 264 S&P 500 companies have switched to virtual meetings 113 S&P 500 companies have suspended share buybacks 42 S&P 500 companies have suspended or cut dividends 28 S&P 500 companies have instituted job freezes 83 S&P 500 companies have cut executive…
According to a review of SEC filings by S&P 500 companies by MyLogIQ, as of April 14: 65 S&P 500 companies have switched to virtual meetings 43 S&P 500 companies have suspended share buybacks 16 S&P 500 companies have suspended dividends 13 S&P 500 companies have instituted job freezes 47 S&P 500 companies have cut executive compensation (base…
With the first quarter in the books, big companies are preparing to disclose to investors early indications of the economic toll of the coronavirus pandemic. The respiratory illness has shut down many parts of the U.S. economy, spurring a wave of layoffs and furloughs that resulted in a record 17 million unemployment claims in a…