Perkins Coie is pleased to announce the Executive Compensation Disclosure Handbook: A Practical Guide to the SEC's New Rules. This handbook is the most practical, plain English guide available for public company management, directors and general counsel on the SEC's new requirements for public company disclosure and reporting of executive and director compensation and related issues.

The Executive Compensation Disclosure Handbook Provides Concise, Comprehensive Information

The SEC's new rules made comprehensive amendments to its executive officer and director compensation disclosure requirements, and also significantly revised its related transaction and corporate governance disclosure requirements. These changes affect disclosures in proxy and information statements, annual and periodic reports, and registration statements, as well as Form 8-K reporting of compensation arrangements.

"The SEC's new rules have dramatically increased the requirements for what public companies must disclose," stated Danielle Benderly, in the firm's Corporate Governance & Transactions group and co-author of the book. "This handbook clearly explains the changes and the effect they have on how public companies report their compensation decisions."

Under these new rules, companies must also make all the required disclosures in plain English. The Executive Compensation Disclosure Handbook provides plain English explanations, templates for the tabular disclosure and practical advice to help companies understand how to comply with their new disclosure obligations.

"The team of corporate governance and executive compensation lawyers who co-authored this book have taken their extensive knowledge of SEC rules and regulations and consolidated it into a concise, easy-to-read reference that every public company executive should keep on hand," said Stewart Landefeld, chair of the firm's national Business practice.

Continuing Updates

We will continue to update the Executive Compensation Disclosure Handbook online with our Perkins Coie Updates, which we distribute to subscribers and post on our website, to reflect any further amendments or additional SEC guidance on the new rules throughout the upcoming proxy season.

• Further SEC Amendments to More Closely Align With FAS 123R. See our December 22, 2006 Update regarding the SEC's further amendments to the new compensation disclosure rules to more closely align the reporting of equity awards in the Summary Compensation Table and the Director Compensation Table to the amounts that are disclosed in the financial statements under FAS 123R.

In addition, we intend to publish a supplement to the Executive Compensation Disclosure Handbookto reflect, among other things, the further amendments released by the SEC on December 22, 2006.

How to Obtain the Executive Compensation Disclosure Handbook

You may request a copy of the Executive Compensation Disclosure Handbook by contacting us at DFentin@perkinscoie.com

Additional Information

You can find discussions of these new SEC rules and guidance, and of other recent cases, laws, regulations and rule proposals of interest to public companies, on our website.