Calendar of Upcoming Events for the SAN FRANCISCO Chapter

Prior Events

Date and Time:9/24/2015
Event:SF Chapter NASPP | Two Presentations and Lunch
Topic:1. The Heat Is On: Accounting Foibles, Missteps and Process Improvement 2. CEO Pay Ratio Update
Location:Charles Schwab 215 Fremont Street, 1st Floor San Francisco, CA
Contact:Mark Clem
Contact Phone:415-234-6807

NASPP Lunch and Two Sessions! (September 24)

Join us for two great sessions:

Session I: The Heat is On: Accounting Foibles, Missteps and Process Improvement. Presenters: Michael Esposito, Solium and Elizabeth Dodge, SOS.

Session I Description:
Whether you do all the equity comp accounting yourself or you hand your data or reports over to your accounting group, having an understanding of some of the more common accounting issues and complexities is a key skill for any successful stock plan professional. Counting on your auditor to catch any errors? Don't! You wouldn't believe the things we've seen auditors miss... From modification accounting to non-employee accounting to disclosures that aren't required to performance grants with complicated goals to how to estimate forfeiture rates, our speakers have been there, done that and survived the audit. Join our panel of experts and learn how to deal with ease with those accounting issues that are keeping you up at night and put you and your company on the financial road to success. (If time allows, we will also delve into some Excel tricks and tips that will streamline many manual spreadsheet accounting processes.)

Session II: CEO Pay Ratio Update. Presenters: Jason Flaherty and Jeremy Erickson, Orrick.

Session II Description: On August 5, 2015, the SEC adopted a final rule on pay ratio disclosure previously mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Under the new rules, which take effect in early 2018, public companies will have to disclose the ratio of their Chief Executive Officer’s total compensation to their median employee’s compensation. The new disclosure obligation may present significant challenges for many public companies. Fortunately, the new rules provide flexibility in calculating the pay ratio. In the presentation, we will discuss the practical impact of the new disclosure requirements. Our focus will be on what companies can expect, how companies can work to reduce the administrative burden of compliance, and what proactive steps companies can take to get out in front of perceived issues with this new pay ratio disclosure.


11:30 am Registration
First Session 11:45am to 12:30pm
Second Session 12:45pm to 1:30pm



Michael has held progressively senior roles with Solium since he joined the company six years ago. As Product Manager, Financial Reports, Michael oversees the growth and optimization of the Shareworks financial reporting suite, a key responsibility as Solium continues to support the requirements of the global marketplace.

Michael is a Certified Equity Professional (CEP) who brings a great depth of knowledge on both US GAAP and IFRS standards. This past year, Michael has supported the Solium UK team by developing the financial reporting suite specifically for the UK market.

Elizabeth is the Vice President of Product Management for SOS. Her responsibilities include monitoring new developments in the equity compensation arena, performing market research, speaking at industry events, helping to define the product roadmap for SOS, and helping clients solve their equity compensation challenges. She has been designing and product managing financial software for close to 20 years, 12 of those for equity compensation applications. Prior to product management, her software experience was in designing, testing, and supporting financial software applications. She regularly speaks on industry trends and product developments at client and industry events including NASPP webcasts, GEO and NASPP Chapter meetings, User Groups, and the NASPP Annual Conference. She was also selected to speak at the West Coast FASB Roundtable on FAS 123(R) and has co-authored the chapter on accounting for equity compensation in The Stock Options Book, 11th edition by Alisa Baker. She became a Certified Equity Professional in 1999 and continues to volunteer for the Certified Equity Professional Institute. She also serves on the board of the Silicon Valley Chapter of the NASPP the NCEO.

Mr. Flaherty is an experienced advisor on the design, implementation and taxation of executive compensation and equity compensation arrangements, including severance arrangements and executive employment agreements, for both public and private companies.

Mr. Flaherty advises both public and private companies on compensation and benefits issues that arise in mergers and acquisitions, including pre-signing negotiations, executive and equity compensation and post-closing employee integration issues. Mr. Flaherty assists companies with compensation and benefit issues that arise with respect to their initial public offerings.

Mr. Flaherty’s practice also focuses on counseling clients on all aspects of employee benefits related to the design, implementation, operation and any related fiduciary obligations with respect to tax-qualified retirement plans, including defined benefit and defined contribution plans, nonqualified deferred compensation arrangements with a particular focus on Code Section 409A compliance and employee welfare benefit plans, including compliance with HIPAA, COBRA and other health laws.

Prior to attending law school, Mr. Flaherty served as a Sergeant in the United States Army.

Mr. Erickson is an experienced advisor on a wide range of employee benefits and compensation matters. In particular, his practice focuses on advising clients in connection with the preparation and filing of annual proxy statements, Form 10-K reports and other periodic SEC reports. Mr. Erickson also assists clients with the sale of restricted securities and the sale of securities by insiders, disclosure issues and corporate governance issues.

Mr. Erickson frequently advises compensation committees, company management and executives on executive employment agreements, severance agreements, change in control agreements, retention plans and agreements, long and short term bonus plans and the federal and state laws that are implicated by such plans and arrangements.

Mr. Erickson also counsels clients on the application of Code Sections 409A, 280G and 162(m) and assists clients with securities laws and other taxation issues relating to compensation.

Before joining the firm, Mr. Erickson was an associate in the San Francisco office of PricewaterhouseCoopers.

LOCATION: Charles Schwab 215 Fremont Street, 1st Floor, San Francisco

PARKING: Underground parking 1 block away in the Orrick Building: Entrance on 1st Street, between Howard and Folsom ($2.75/ hour).

BART/MUNI: Exit the Embarcadero Station, walk 2 blocks down to Fremont Street, Left onto Fremont, 3 blocks to 215 Fremont Street.

PAYMENT: If you will be submitting payment via check, please make it out to SF NASPP, and mail it to: SF NASPP, 4100 Redwood Road, Suite 183, Oakland, CA 94619-2363.

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