Back by popular demand, a fall afternoon event in Boston with our local NASPP Chapter with an \"Equity Creature Double Feature\"… First, PwC and Equity Methods will haunt us with The Clawback followed by Akin\'s showing of Death and Taxes. Two topics that keep us up at night! Afterwards, we will network and discuss all that we learned with our peers and how these nightmares impact us at BarTaco. Costumes are welcome (and may even be provided), join us if you dare, seating is limited!
2:30 p.m.: The Clawback - A Halloween Horror in Compensation
3:30 p.m: Death + Taxes - A Ghoulish Combination
~4:30 p.m.: Boston Chapter NASPP Social @ BarTaco
TOPICS:
The Clawback: A Halloween Horror in Compensation
Welcome, brave souls, to the haunted mansion of compensation clawbacks, where sinister spirits lurk in every shadow—whether summoned by the eerie Dodd-Frank Act or the dark magic of bungled bonus agreements!
In this spine-tingling tale, the SEC’s infamous Dodd-Frank clawback rule rises from its crypt, demanding companies reclaim incentive-based compensation from executives whenever accounting restatements reveal errors—be they “Big R” or “Little r.” But that’s only the beginning of this ghastly story. Beware the creeping claws of clawbacks tied to retention bonuses, sign-on bonuses, and other contractual spells gone awry! These chilling curses require executives to return rewards if they breach the terms of their enchanted contracts.
As you wander through this cursed landscape, you’ll face puzzles worthy of the darkest crypt: reconstructing stock price potions, conjuring total shareholder return rituals, and performing complex compensation recovery divinations. Mishandle these enchanted formulas, and you’ll awaken the wrath of tax goblins, accounting phantoms, and the relentless SEC spirits!
But take heed—disclosure is a haunted mirror reflecting every misstep, threatening to unleash frightful inquiries and clawing comment letters from the regulatory underworld. Only those daring enough to master the arcane art of clawbacks—both regulatory and contractual—will escape this nightmarish realm unscathed.
Dare to join us and learn to wield the mystical powers that keep your company’s treasure safe from clawing shadows!
Death + Taxes: A Ghoulish Combination
When an employee passes, payroll becomes a grave responsibility. Final wages, bonuses, vesting, and benefits rise from the ledger like financial ghosts—each with its own tax twist. From W-2s to 1099s, employers must tread carefully or risk summoning IRS trouble. A clear plan is the only way to survive this spooky scenario!
SOCIAL EVENT:
Following the double feature, join us for a Boston Chapter NASPP Social for some \"Boos\" and \"Booze\". We are coordinating a networking event with a short walk to bartaco (25 Thomson Place). The first drink will be provided by our chapter.