Is it a perk if an executive fully – or partially – reimburses the company for a perk?

For purposes of the proxy statement filed with the SEC, is it a perk if the executive – fully or partially – reimburses the company?

The part that isn’t reimbursed is a perk if it’s for personal use.

This area can be a bit challenging – luckily it doesn’t come up too often. I should say the situations come up all the time – it’s just that companies decide to handle them in a way so that there’s no bifurcation – instead, they decide to go either/or.

Meaning they decide that it’s truly a business matter and not a perk at all if its not smell-testy. These companies are banking on the SEC being reasonable.

For many more Vid-Guides dealing with corporate & securities law, corporate governance, E&S issues and more – particularly if you want to review any Vid-Guides referred to during this Vid-Guide – see the list of Vid-Guides spread throughout these categories:

• Corporate Governance
• Proxy Season
• Executive Pay
• ’34 Act/Other
• ’33 Act/Deals
• Sustainability/E&S
• Career Advice
• Fun Party

And since all the content on ZippyPoint.com is complimentary, please “Pay-What-You-Can” to help keep this fine platform alive & well…