Presidio Bank (NASDAQ: PDOB), a Bay Area-based business bank, has announced the completion of its previously announced 1,000,000 share common stock rights
has been asked to underwrite the stock rights
In addition, OBUs can engage in cross-Strait derivatives, as well as new derivatives linking interest rate, exchange rates, stock rights
, commodities, and credit in mainland China.
Linked plans and stock rights
: Under Notice 2010-6, relief under the document correction program was not available to certain linked plans and stock rights
NYSE: CPF) (the "Company"), parent company of Central Pacific Bank ("CPB"), today announced that the New York Stock Exchange ("NYSE") has set February 28, 2011 as the day CPF common stock will trade without the value for the subscription rights subject to its planned $20 million common stock rights
offering (the "Rights Offering").
The AICPA recommended that the IRS: extend deadlines for correcting operational errors: remove the limit for operational errors not corrected within the taxable year: change the requirement that operational errors be "'unintentional": allow taxpayers other than company insiders to use the sell-correction program: allow certain plan document errors to be corrected: and allow certain stock rights
failures to be corrected.
Section 409A potentially covers any plan or individual agreement between a service recipient (such as an employer) and service provider (such as an employee) that provides for the deferral of compensation, including traditional deferred compensation plan, certain stock rights
(see below), severance pay, annual or multi-year bonuses, supplemental executive retirement plans (SERPs), and any other compensation arrangement that defers the payment of compensation beyond the taxable year in which the service provider is legally entitled to it.
The new publication includes information on: exchanges of securities in recapitalization, reorganization, merger and consolidation; cash purchase offers for securities; stock dividends or splits and other distributions; stock rights
offerings; poison pills; offering, adjustment and call of convertible or securities and warrants; liquidating and principal distributions; security losses; warrant extensions; prepayment of bond interest; bankruptcy plan status and final resolution; and, reincorporation.
Readily marketable stock or securities also included convertible debentures, convertible preferred stock, warrants, and other stock rights
if the stock for which they may be converted or exchanged is readily marketable.
The proposed statement would establish fair value standards for investments in interest-earning investment contracts, external investment pools and open-end mutual funds, as well as debt and equity securities, option contracts, stock warrants and stock rights
for which fair value is readily determined.
Key topics discussed include: tax treatment of the sellers of a target corporation involving contingent stock rights
and escrow arrangements; permissible methods of disposal; the basic structure used in leveraged buyouts; the scope and limitations of installment sales in the sale of a business and the election of a consolidated selling group under Section 338(h)(10).
Stockholders will not be required to do anything to convert their Insituform shares and the accompanying preferred stock rights
to Aegion shares and preferred stock rights