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U.S. District Court for the Southern District of Illinois: Actions Taken on May 27

The U.S. District Court for the Southern District of Illinois reported the following activity on May 27 in the suits below: ....

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California Posts New Report On Board Gender Diversity—what Does It Tell Us? - Corporate/Commercial Law

California Posts New Report On Board Gender Diversity—what Does It Tell Us? - Corporate/Commercial Law
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Publicly Held Corporations and Corporate Disclosure Statements

Monday, March 15, 2021
California s female and underrepresented communities quota requirements apply to publicly-held corporations . California s Corporate Disclosure Statement requirement applies to publicly-traded corporations . California s Secretary of State s website describes publicly held corporations as a subset of publicly traded corporations . This is not strictly accurate.
Moreover, not ever foreign corporation meeting the definition of a publicly held corporation is required to file a Corporate Disclosure Statement pursuant to California Corporations Code Section 2117.1. Why? A foreign publicly held corporation is required to file a Corporate Disclosure Statement only if it has registered to transact intrastate business pursuant to Section 2117. Some publicly-held corporations do not transact intrastate business in California. They may, for example, simply be holding companies. Under Section 191(b) a foreign corporation is ....

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Why All Publicly Held Corporations Do Not File Corporate Disclosure Statements | Allen Matkins

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California s female and underrepresented communities quota requirements apply to publicly-held corporations . California s Corporate Disclosure Statement requirement applies to publicly-traded corporations . California s Secretary of State s website describes publicly held corporations as a subset of publicly traded corporations . This is not strictly accurate.
Moreover, not ever foreign corporation meeting the definition of a publicly held corporation is required to file a Corporate Disclosure Statement pursuant to California Corporations Code Section 2117.1. Why? A foreign publicly held corporation is required to file a Corporate Disclosure Statement only if it has registered to transact intrastate business pursuant to Section 2117. Some publicly-held corporations do not transact intrastate business in California. They may, for example, simply be holding companies. Under Section 191(b) ....

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Annual Corporate Disclosure Statement Filings May Increase

Friday, March 12, 2021
Every publicly traded California corporation and every publicly traded foreign corporation that is registered with the California Secretary of State to transact intrastate business must file an annual Corporate Disclosure Statement. Cal. Corp. Code § 1502.1 & 2117.1. The Corporate Disclosure Statement includes disclosures with respect to compliance with California s quota requirements with respect to female directors and directors from underrepresented communities. Cal. Corp. Code §§ 301.3, 301.4, 2115.5 & 2115.6. However, not every publicly traded California or foreign corporation is subject to these requirements because the quota requirements are applicable only to publicly held corporations having their principal executive offices in California according to their Form 10-K filed with the Securities and Exchange Commission. Not every publicly traded corporation is a publicly held corporation. ....

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