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Calendar of Prior Events for the BOSTON Chapter

Upcoming Events

Date and Time:7/14/2017 8:00am - 5:00pm EDT
Event:The 9th Annual New England NASPP Regional Conference Co-hosted by the Connecticut and Boston NASPP Chapters
Topic:2017 Regional Conference: A Day Full of Sessions on Equity Compensation and Executive Compensation
Location:Fidelity Investments, 900 Salem Street, Smithfield, RI 02917 (https://www.google.com/maps/@41.9361178,-71.5355658,16z)
Contact:Mike Albert
Description:

2017 Regional Conference: A Day Full of Sessions on Equity Compensation and Executive Compensation.

The Connecticut and Boston NASPP Chapters are once again proud to host the premier full-day equity compensation event in the Northeast!  This year our conference will be held in Smithfield, Rhode Island on Friday, July 14, 2017. Last year’s event was attended by 150 equity compensation professionals including a diverse list of service providers and the area’s key issuers. We’d love for you to join us for our 2017 event.

  • Where:   Fidelity Investments - 900 Salem Street Smithfield, RI
  • When:    Friday, July 14th 2017, 8:00 am - 5:00 pm EDT
  • What:     Eight timely topics, including 2 general sessions and 3 break-out sessions. 
  • Cost:      FREE! (Members and Non-Members)
  • Credits:  Both CE (CEP) and CPE credits will be available for attendees

Please join us for breakfast and networking opportunities from 8:00 - 8:30 am. Welcome and introductions start promptly at 8:30 am.  This event will include breakfast, lunch and snacks along with an opportunity to win one of many door prize drawings. Please sign up only if you are certain you can attend.  Seating is limited and we do not want to turn people away to make space for no shows.  We will send confirmations and maintain a waiting list. Please be considerate of your fellow chapter members and friends!

Note: 

  • This year’s location is a quick taxi/uber ride from the Providence Airport & Amtrak Train Station.

Fidelity Investments, 900 Salem Street, Smithfield, RI 02917 (https://www.google.com/maps/@41.9361178,-71.5355658,16z)

More Information:
Continuing Education Credits: 5 CEP (Various)
Date and Time:5/16/2017 8:30 - 10:30am
Event:Breakfast Meeting
Topic:Top Ten Ways to Breathe New Life into Your Stock Plan Education Program - presented by Barbara Baksa, Executive Director for the NASPP
Location:TripAdvisor 400 1st Avenue Needham, MA 02494
Contact:Mike Albert
Description:

Top Ten Ways to Breathe New Life Into Your Stock Plan Education Program

Spruce up your stock plan education program! This audience-driven, highly interactive presentation will present ten ways that you can breathe new life into your program and energize employees about your stock compensation. The presentation will feature innovative and outside the box ideas, such as attention-grabbing headlines, leveraging focus groups, employee testimonials, using better examples, listicles, and more.  By way of demonstrating an innovative presentation technique, the topic will be presented in a game-show format, complete with "challenge" questions, prizes, and a cat video—it may be the most exciting presentation you attend all year!

Presenter: Barbara Baksa

Barbara has over 20 years’ experience in equity compensation and currently serves as Executive Director for the NASPP.  She is a frequent speaker on equity compensation related topics, has contributed chapters to four books on equity compensation, and is the author of “Accounting for Equity Compensation,” published by the NCEO and a required text in the CEP curriculum.  Barbara also serves as editor of The NASPP Advisor and co-editor of The Corporate Executive and is a member of the CEP Advisory Board.

More Information:
Continuing Education Credits: 1 CEP (Administration)
Event files: 
Date and Time:3/3/2017 8:30-10:30am
Event:Boston NASPP Chapter March event
Topic:Tax Return Reporting: What You Need to Know & Communicate to Employees with Bruce Brumberg, Editor-in-Chief and Co-Founder of myStockOptions.com
Location:TripAdvisor 400 1st Avenue Needham, MA 02494
Contact:Mike Albert
Description:

This tax season has more potential than ever for employee confusion, uncertainty, and expensive mistakes in completing IRS forms and following requirements, particularly on cost basis reporting. Changes in the past few years include the expansion of Form 1099-B, the revised Form 8949 and Schedule D, plus changes in cost basis reporting. The webinar will help you understand the rules and where employees and even tax professionals get confused. It will help you communicate with employees to help them prevent mistakes in reporting stock sales from equity compensation and other mishaps.

By attending this webinar session, you will learn about:

  • The 1099-B and its confusing aspects
  • Reporting of stock sales on Form 8949 and revised Schedule D
  • The most common questions asked and costly mistakes related to tax return reporting of stock compensation
  • Pitfalls that may cause unwanted IRS attention for your employees and executives
  • Tax law changes recently adopted that apply to stock compensation
  • Key points to communicate with employees and resources to use
More Information:
Continuing Education Credits: 1 CEP (Taxation)
Date and Time:12/22/2016 4:00pm
Event:Boston NASPP Chapter - Dec 22, 2016 Webinar
Topic:Year End Considerations and Best Practices
Location:Webinar - sign up and we will send you the access information
Contact:Mike Albert
Description:

Andrew Pickering of E*TRADE will review the challenges faced by stock admin teams as they prepare for year-end. He will also review best practices and how your equity service provider can help you.

Andrew will discuss end of year procedures - the what and the when: W-8BEN; beginning of the year procedures; and 6039 Reporting.

 

More Information:
Continuing Education Credits: 1 CEP (Administration)
Event files: 
Date and Time:12/7/2016 8:30 - 10:30am
Event:Boston NASPP Chapter event
Topic:Turning Up the Heat with Hot Topics in Equity Compensation
Location:PTC 140 Kendrick Street, Needham, MA 02494
Contact:Mike Albert
Description:

Program Description:

Emily Cervino, Fidelity Stock Plan Services, has compiled a refreshing session that brings you what you need to know on some of today’s hottest equity compensation topics.  The lineup consists of sizzling topics including post vesting holding periods, employee selling behavior, ESPP plan design, ASC simplification, participant perceptions, and Pay for Performance just to name a few! 

Emily's Bio:

Working in varied roles in the equity compensation industry since 1998, Emily has a unique appreciation for the opportunities and challenges of equity compensation.  At Fidelity Stock Plan Services, Emily focuses on strategic marketing initiatives, thought leadership, and building Fidelity’s strong industry presence.  In her former role as executive director of the Certified Equity Professional Institute (CEPI) at SCU, Emily was involved in all aspects of certification, research, and program marketing. In previous roles, Emily managed all the equity compensation programs at National Semiconductor and held various roles at E*TRADE/ShareData.

Emily is a frequent speaker at equity compensation events, past president of the Silicon Valley Chapter of the NASPP, a member of NASPP, GEO, and NCEO, and a 2015 recipient of the NASPP's Individual Achievement Award. Emily is a Certified Equity Professional (CEP) and she holds Series 7 and 63 securities registrations.

More Information:
Continuing Education Credits: 1 CEP (Administration)
Date and Time:10/7/2016 8:30 - 10:30am
Event:Boston Chapter October meeting
Topic:Valuation 101 - Best Practices and Trends in Equity Valuation
Location:Fidelity Framingham Investor Center 405 Cochituate Road Framingham, MA 01701
Contact:Mike Albert
Description:

Valuation 101 - Best Practices and Trends in Equity Valuation

Come learn about the requirements for valuing employee equity under ASC Topic 718 and modeling techniques such as Black-Scholes, lattice modeling, or Monte Carlo simulation. We will discuss the core assumptions within those modeling techniques such as expected volatility, exercise behavior, dividend yields, risk-free rate and other assumptions, as well as how the current economic environment is forcing companies to reexamine their modeling techniques and assumption selections. Make sure your company is following best practices and understand how these practices drive fair value.

Presenters: Liz Stoudt, CEP, ASA and CJ Van Ostenbridge, CEP from AON

More Information:
Continuing Education Credits: 1 CEP (Accounting)
Date and Time:7/13/2016 8:00am - 5:00pm
Event:The 8th Annual New England NASPP Regional Conference Co-hosted by the Connecticut and Boston NASPP Chapters
Topic:2016 Regional Conference: A Day Full of Sessions on Equity Compensation and Executive Compensation
Location:Fidelity Investments, 900 Salem Street, Smithfield, RI 02917 (https://www.google.com/maps/@41.9361178,-71.5355658,16z)
Contact:Mike Albert
Description:

TO REGISTER:  https://www.surveymonkey.com/r/8th_NENASPP_2016

We are pleased to announce that registration is now open for the 8th Annual New England NASPP Regional Conference.  The Connecticut and Boston NASPP Chapters are once again proud to host the premier full-day equity compensation event in the Northeast!  This year our conference will be held in Smithfield, Rhode Island on Wednesday, July 13, 2016. Last year’s event was attended by 150 equity compensation professionals including a diverse list of service providers and the area’s key issuers. We’d love for you to join us for our 2016 event.

  • Where:   Fidelity Investments - 900 Salem Street Smithfield, RI
  • When:    Wednesday, July 13th 2016, 8:00 am - 5:00 pm EDT
  • What:     Eight timely topics, including 2 general sessions and 3 break-out sessions. 
  • Cost:      FREE! (Members and Non-Members)
  • Credits:  Both CE (CEP) and CPE credits will be available for attendees

Please join us for breakfast and networking opportunities from 8:00 - 8:30 am. Welcome and introductions start promptly at 8:30 am.  This event will include breakfast, lunch and snacks along with an opportunity to win one of many door prize drawings. Please sign up only if you are certain you can attend.  Seating is limited and we do not want to turn people away to make space for no shows.  We will send confirmations and maintain a waiting list. Please be considerate of your fellow chapter members and friends!

Note: 

  • This year’s location is a quick taxi/uber ride from the Providence Airport & Amtrak Train Station.
  • If your company is not already a sponsor and would like to be (or learn more), please email CTNASPP@gmail.com for more details.

This Year's Line-Up:

General Session: Live Long and Prosper: CEP Leadership Skills Learned from Nerd Fiction

Breakout Session

  • How Does Your Stock Plan Administration Stack Up?
  • Tax Myths and Facts

Breakout Session

  • ESPP - Endangered Species or Phenomenal Perk?
  • Equity Payroll: New Rules and Old Pitfalls

Breakout Session

  • Rolling Out and Expanding ESPPs Globally Relative
  • TSR Plan Valuation - Theory and Opportunities

General Session: Participant Life Cycle – An Equity Compensation Microcosm

More Information:
Continuing Education Credits: 5 CEP (Various) 5 CPE (Administrative Practice)
Date and Time:6/23/2016 8:30 - 10:30am
Event:Boston NASPP Chapter - June meeting - presented by GuideSpark
Topic:Enhancing employee communications and compensation program effectiveness -- new mobile and video tools for communicating equity awards to employees
Location:PTC 140 Kendrick St Needham MA
Contact:Mike Albert
Description:

The discussion will focus on employee communications challenges and trends and best practices for helping employees understand complex topics.

By transforming the traditional methods of employee communications, GuideSpark deepens employee connections and increases employee satisfaction and retention, while decreasing overall costs.

Guidespark customers include 20% of the Fortune 500, across 30 industries.

Presenter: Steve Antuna, Vice President of Enterprise Sales, Guidespark

 

More Information:
Continuing Education Credits: 1 CEP (Administration)
Date and Time:4/28/2016 4:00 - 5:00pm
Event:Boston NASPP Chapter - April webinar - presented by Equity Methods
Topic:2016 State of the Union in Equity Compensation
Location:From your desk at work, at home or a local coffee shop… from anywhere you can access a webinar.
Contact:Mike Albert
Description:

The year in equity compensation is off to a busy start.

Executive compensation continues to evolve. Compensation committees are demanding new, more analytically rich insights to help them balance shareholder and recipient goals. Award designs are diversifying, creating new planning and execution risks. And the proxy is becoming a more quantitative document as companies prepare to implement new Dodd-Frank rule-making.

Meanwhile, financial reporting is evolving too. Plan designs continue to gain variety and complexity. International reporting is heating up, with all eyes on recharging, mobility, and tightened IFRS statutory requirements. Above all, finance is advancing toward insight beyond compliance, with improved management reporting that enables better business decisions.

More Information:
Continuing Education Credits: 1 CEP (Administration)
Date and Time:4/19/2016 8:30am - 10:30am
Event:Boston Chapter Breakfast Meeting
Topic:Innovative Compensation "Next Practices" for 2017 with Equity Methods
Location:PTC 140 Kendrick St Needham MA 02494
Contact:Mike Albert
Description:

Innovative Compensation "Next Practices" for 2017

The executive compensation landscape is growing in turbulence. Meeting the needs of shareholders, delivering value to retain and motivate executives, and responding to the recent and expected Dodd-Frank rule-making will force tough tradeoffs. As executive compensation has suffered from homogenization, many companies are looking for creative solutions that balance the competing priorities in front of them. It’s not too early to begin planning for innovative enhancements to drive in 2017.

In this presentation, we will share four “next practices” – trends in formation – that we’re seeing among clients and industry friends. We will discuss the growth of hybrid awards, ways of delivering more value for less accounting cost, techniques for setting operational targets, and lengthening performance periods. Stock plan professionals play a key role in supplying information to support decision-making and highlighting deficiencies in current LTIP programs. Our session will deliver practical tips to identify emerging trends that may be actionable in your organization.

Presenters:

Raenelle James, CPA, is a Senior Manager in the Financial Reporting practice at Equity Methods, where she oversees engagement teams handling customized, outsourced equity compensation accounting for a portfolio of Fortune 100 companies and other large, publicly traded clients. Raenelle has crafted bespoke solutions and managed projects covering a wide spectrum of client needs, including M&A transactions, international recharge programs, push down accounting automation, IFRS reporting, APIC pool and deferred tax tracking, performance and market awards, and management report development for complex entity structures.  A natural evangelist for the benefits of customized reporting, she makes it her personal mission to amaze clients with reports that go beyond what they thought was possible.  Raenelle holds undergraduate degrees in Accountancy and Finance from the Barrett Honors College at Arizona State University and a Master of Accountancy degree from the University of Notre Dame. 

Josh Schaeffer, PhD, leads the complex securities valuation practice for Equity Methods. Drawing from deep experience in valuation of a wide range of financial instruments, Josh is committed to provide valuation solutions that meet client needs and pass the highest level of audit scrutiny.

Josh has worked closely with finance executives across a broad range of public and private firms. He has led teams to value instruments such as equity, debt, and interest rate related derivative securities; executive compensation agreements; private companies; partnerships; earn-outs; and guarantees.

Before joining Equity Methods, Josh worked with Deloitte Financial Advisory Services and Cornerstone Research, focusing on valuations of businesses and investments for financial reporting, tax, consulting, litigation, and arbitration purposes.

Josh holds a BS in economics and math from the University of Rochester and a PhD and MBA in finance from the University of Chicago Booth School of Business.

More Information:
Continuing Education Credits: 1 CEP (Various)
Date and Time:9/17/2015 3:30 - 5:00pm
Event:Chapter Meeting
Topic:10b5-1 Plans - Best Practices, Issues and Trends
Location:Morgan Stanley Wealth Management 28 State Street, 27th floor Boston MA 02109
Contact:Mike Albert
Description:

A panel discussion of fundamental concepts, current issues, trends and best practices for drafting and implementing compliant, administratively manageable 10b5-1 plans. Get a comprehensive review of the challenges surrounding Rule 10b5 1 trading plans from the experience of leaders in the field, and discover what you didn’t know you needed to know about this always important topic!

Presented by:
Rich Baker, Morgan Stanley Executive Financial Services
Tom Brennan, Posternak
James Fucigna, Morgan Stanley

More Information:
Continuing Education Credits: 1 CEP (Securities Law)
Date and Time:7/16/2015 8:00am - 5:00pm
Event:The 7th Annual New England NASPP Regional Conference Co-hosted by the Connecticut and Boston NASPP Chapters.
Topic:2015 Regional Conference: A Day Full of Sessions on Equity Compensation and Executive Compensation.
Location:Crowne Plaza Hotel, 100 Berlin Road, Cromwell, CT 06416 (860-635-2000)
Contact:Mike Albert
Description:

Connecticut and Boston NASPP Chapters Co-Host the 7th Annual New England NASPP Regional Conference

The Connecticut and Boston NASPP Chapter Boards of Directors are happy to announce the 7th Annual Regional Conference to be held in the Greater Hartford, CT area on Thursday, July 16th 2015. As those who attended a Connecticut/Boston conference in the past know, this is a well-established event with an excellent opportunity for learning and networking with equity compensation colleagues. You will be able to attend five sessions through the day including two general sessions and three breakout sessions (each with 2 topics to choose from). The event will also offer a lot of networking opportunities, continuing education credits (CE and CPE credits) as well as keeping you well fed (e.g, breakfast, refreshments and lunch).

REGISTER TODAY!: https://www.surveymonkey.com/s/2015Regional

Important Considerations:

  • We are looking for sponsors for this event with opportunities including a traditional vendor exhibitor experience with terrific access by attendees to all sponsors (email Brian.J.Schulz@morganstanley.com for sponsorship details).
  • Both NASPP and Non-NASPP members are welcome to attend.
  • Attendee Cost: $0.00, Value: Priceless
  • Attendees will have the opportunity to earn both CEP and CPE credits for this event.
  • If you are thinking of staying overnight, we have a special room rate at the event hotel ($109.00), mention this event when booking your room over the phone.

Location: Crowne Plaza Hotel, 100 Berlin Road, Cromwell, CT 06416 (860-635-2000)
Time: 8:00 AM - 5:00 PM EDT

 Session and Speaker Line-Up for 2015:

  • General Session - Key International Updates: Your Connection to Developments Around the Globe in 60 Minutes
      --  Barbara Klementz - Baker & McKenzie
      --  June Anne Burke - Baker & McKenzie
     
  • Breakout 1: Topic A - Volunteer Firefighters:  Navigating a Financial Reconciliation
      -- Ruth Doyle - Certent
      -- Craig Korth - The Priceline Group
      -- Gary Scrofani - CompIntelligence
     
  • Breakout 1: Topic B - The Art of the (ESPP) Deal: Getting Your Global Employees to Sign on the Dotted Line
      --  Andrea Kagan  - Solium
      -- John Hammond - Bendystraw LLC
    -- Elizabeth Stoudt - Radford, an AON Hewitt Company
     
  • Breakout 2: Topic A - Securing Shareholder Approval of Equity-Based Compensation – The New ISS Lens
      --  James Kroll - Towers Watson
      --  John Adams - Towers Watson
     
  • Breakout 2: Topic B - Let’s Do the State-to-State Shuffle
      --  Don Drybrough - Solium
      --  Edgar Vanagas - Mass Mutual
      --  Amy Reina - Deloitte
     
  • Breakout 3: Topic A - Through the Looking Glass: Insights into Employee Selling Behavior
      -- Andrea Schussler - Fidelity Stock Plan Services
      -- Jon Tibbals - The Hartford
      -- Vinay Iyengar - Fidelity Stock Plan Services
     
  • Breakout 3: Topic B - Tips and Tricks for Tough Situations
      -- Sharmon Prialux - PricewaterhouseCoopers
      -- AmyLynn Flood - PricewaterhouseCoopers
     
  • General Session -  Equity Compensation Jeopardy!
      --  Emily Cervino - Fidelity Stock Plan Services
      --  Barbara Klementz - Baker & McKenzie
      --  Amy Reina - Deloitte

  

More Information:
Event files: 
Date and Time:6/16/2015 8:30 - 10:30am
Event:Boston NASPP Chapter June 2015 meeting
Topic:Living on Easy Street: Innovative Ideas to Make Your Life in Equity Comp Easier
Location:EMC Corporation 176 South Street Hopkinton MA 01748
Contact:Mike Albert
Description:

Living on Easy Street: Innovative Ideas to Make Your Life in Equity Comp Easier

Join Barbara Baksa of NASPP and Emily Cervino of Fidelity as they focus on methods of making your life easier within equity compensation.  No one promised you a rose garden, but with a little thought and action you can prune back some of the thorny issues and make your work life a lot easier. This session will highlight small changes that can pay big dividends in your administrative processes. From considering prior day close as your FMV, to using Excel to make reconciliations a snap, to simplifying RSU vesting events, this session is ready to open your eyes to an array of time saving, cost saving, and sanity saving shortcuts and tips. We’ll deliver at least ten clever and simple ideas for your move to easy street.

Barbara A. Baksa, CEP, Executive Director, National Association of Stock Plan Professionals

Barbara Baksa serves as Executive Director for the National Association of Stock Plan Professionals (NASPP).  In addition to her administrative responsibilities, she oversees all NASPP member programs and services, including the NASPP Annual Conference, online educational programs, webcasts on current developments, website content, surveys and research, regional chapters, and industry involvement.

Barbara is a frequent speaker on equity compensation related topics and has recently spoken at events hosted by the WorldatWork, the American Payroll Association, and, of course, both the national NASPP organization and regional NASPP chapters.  Barbara has authored numerous articles on stock compensation, contributed chapters to several books on equity compensation, and authored the book “Accounting for Equity Compensation,” published by the National Center for Employee Ownership.  Barbara also serves as editor of The NASPP Advisor and co-editor of The Corporate Executive. 

Barbara began her career in equity compensation over fifteen years ago. She is a Certified Equity Professional and a member of the Advisory Board of the CEP Institute at Santa Clara University.  Barbara has a BA in English from the University of Iowa.

Emily Cervino, CEP, Vice President, Fidelity Stock Plan Services

With over 15 years’ experience in varied roles in the equity compensation industry, Emily has a unique appreciation for the opportunities and challenges of equity compensation.  In her current role with Fidelity Stock Plan Services, Emily focuses on strategic marketing initiatives, thought leadership, and building Fidelity’s strong industry presence. 

Formerly as Executive Director of the Certified Equity Professional Institute (CEPI) at Santa Clara University, Emily developed and promoted the rigorous standards of the CEPI, managed program marketing and coordinated an extensive volunteer base in defining course curriculum, test development, and standard setting to comply with the rigorous certification standards. Under Emily's leadership, the CEPI launched a research agenda focusing on risks and controls for equity compensation. In previous roles, Emily managed all the equity compensation programs at National Semiconductor and held various roles at E*TRADE/ShareData. 

Emily is a frequent speaker at equity compensation events, including the National Association of Stock Plan Professionals (NASPP), Certified Equity Professional Institute (CEPI), Global Equity Organization (GEO), and the National Center for Employee Ownership (NCEO). She is Past President of the Silicon Valley Chapter of the NASPP, and a member of NASPP, GEO and NCEO. Emily holds a BS from Santa Clara University, obtained her CEP designation in 1998 and holds Series 7 and 63 securities licenses.

More Information:
Continuing Education Credits: 1 CEP (Administration)
Date and Time:5/14/2015 3:00 - 5:00pm
Event:Boston NASPP Chapter May meeting
Topic:Global Equity Compliance Update - sponsored by Bank of America Merrill Lynch
Location:Merrill Lynch Boston Financial Center 100 Federal St Boston MA
Contact:Mike Albert
Description:

Global Equity Compliance Update

PROGRAM DESCRIPTION:

Dealing with increased scrutiny on equity compensation from country and state tax authorities is a challenge that continues to grow for corporations.  Please join us for an update on the latest global compliance tax matters that corporate issuers should be aware of and monitor.  This informative session will include an update on U.S. multi-state activity and considerations for automation when dealing with tight turnarounds for providing tax rates, payroll reporting and withholding information.

SPEAKERS:

John Montgomery is a Tax Managing Director in KPMG's Global Mobility Services (GMS) practice based in New York, New York. John specializes in employment tax matters with more than 15 years of experience in the federal and state payroll and payroll tax arena. John and his team have advised companies of all sizes and in all industries on a variety of complex employment tax based issues related to such aspects of payroll as employee benefit plan treatment, refund recovery, reorganization recognition, due diligence, audit defense, payroll/benefits process review and reporting/remittance error correction.

Andrew Gewirtz is a Tax Managing Director, based in Short Hills, NJ, and a member of the leadership group of KPMG’s Global Mobility Services (GMS) practice.  Andrew has helped develop KPMG’s global equity tax practice and serves as the GMS National Director, Global Equity Tax Services, providing technical support to all KPMG practice groups on issues related to equity-based awards granted to international and globally mobile employees.

More Information:
Continuing Education Credits: 1 CEP (Various)
Date and Time:2/4/2015 9am - 10:30am
Event:Boston NASPP Chapter February event
Topic:The Next Big Thing: Holding (x2) Restricted Stock
Location:Fidelity Investments Framingham Investor Center 405 Cochituate Rd, Framingham MA 01701
Contact:Mike Albert
Description:

The topic of holding requirements on Restricted Stock has been generating a lot of interest recently. And, it is no wonder - some things just don’t get any better than this!  This session explores “holding” of restricted stock from two different lenses. This session presents fresh new research that demonstrates the holding behaviors for employees post vest on restricted stock.  And, given these holding behaviors, delves into a discussion on how holding requirements post-vesting can make sense (and cents!)  Join this session to explore the new role that holding periods play with respect to stock compensation.  Where employees are required to hold company stock post vesting, the company could be eligible to reduce the fair value expense by up to 40%.  And, as an extra bonus, such provisions can also super charge your plan to fast track it to a favorable recommendation on the new ISS Equity Plan Scorecard while driving towards individual ownership requirements.  This session takes a serious look at what could be the next big thing in equity compensation and why the future looks bright for these plan provisions.

Presented by Terry Adamson, Partner, Aon Hewitt and Matt Roberts, VP, Fidelity Stock Plan Services

More Information:
Continuing Education Credits: 1 CEP (Administration)
Event files: 
Date and Time:7/14/2014 8:00am-5:00pm
Event:Boston & Connecticut NASPP Chapters' 6th Annual Regional Conference
Topic:2014 Regional Conference: Eight Topics in Five Sessions on Equity Compensation and Executive Compensation
Location:Fidelity Investments 245 Summer St Boston MA
Contact:Mike Albert
Description:

The Boston and Connecticut NASPP Chapters are happy to announce the 6th annual regional conference to be held in Boston on Monday, July 14th 2014. As those who attended a Boston/Connecticut conference in the past know, this is a well established event with excellent opportunities for learning and networking with equity compensation colleagues. We will have five tracks (8 sessions, some general and some breakouts) throughout the day, as well as refreshments and lunch.

REGISTER HERE: https://www.surveymonkey.com/s/2014_RegionalConference

Important Considerations:

  • Both NASPP and Non-NASPP members are welcome to attend. 
  • Attendee Cost: $0.00, Value: Priceless 
  • Attendees will have the opportunity to earn both CE and CPE credits for this event.

Location: Fidelity Investments, 245 Summer St, Boston MA 02110
Time: 8:00 AM - 5:00 PM

Our Session and Speaker Line-Up for this Year:

Crowd-Sourcing with Long-Term Incentive Plans

  • Jacob Peters, Radford
  • Craig Kams, Skyworks Solutions
  • Sandra Pace, Steven Hall & Partners

Lights, Camera, Action! Viral Videos in Stock Compensation

  • Emily Cervino, Fidelity Stock Plan Services
  • Laura Gallerane, Hologic
  • Steve Antuna, Guidespark

Everything We Do In Compensation Is Communications

  • Dan Walter, Performansation
  • Margaret O'Hanlon, re:Think Consulting

"What's Next. . . the Latest in Tax Reform?"

  • AmyLynn Flood, PriceWaterhouseCoopers
  • Sharmon Priaulx, PriceWaterhouseCoopers

Global Equity Compliance and Best Practices

  • Valerie Diamond, Baker & McKenzie
  • June Anne Burke, Baker & McKenzie

Perfect Period Close

  • Julie Kenia, Stock & Option Solutions
  • Robert Purser, E*TRADE Financial Services
  • Jocelyn Finn, Progress Software

What I Did on My Summer Vacation: Top Ten Tips to Make the Most of Your “Downtime”

  • Jennifer Tardif, Solium
  • Jennifer Baehr, NASPP
  • Tami Bohm, Radian Group

Double Session:
-- Hiring and Firing Executives: Equity Compensation Issues
-- Pay Ratio: Exploring Some "Other Statistical Methods"

  • Arthur Meyers, Choate Hall and Stewart
  • Wells Miller, Choate Hall and Stewart
  • Andy Restaino, Technical Compensation Advisors, Inc.
More Information:
Continuing Education Credits: 5 CEP (Various) 5 CPE (Administrative Practice)
Date and Time:6/25/2014 4:00 - 5:30pm
Event:Boston NASPP Chapter's June event
Topic:Rules 10b5-1 and 144 and Section 16 - Issues, Trends and Best Practices
Location:Morgan Stanley Wealth Management 28 State Street, 27th floor Boston MA 02109
Contact:Mike Albert
Description:

Rules 10b5-1 and 144 and Section 16 - Issues, Trends and Best Practices

The presentation will review of the basic fundamentals of Rule 144, Section 16 and Rule 10b5-1, current issues and trends, and best practices for drafting and implementing compliant, administratively manageable and successful 10b5-1 plans.  In addition there will be a review of the challenges surrounding Rule 10b5-1 trading plans from the legal and Issuer perspective..  An overview of industry statistics as tracked by the Washington Service will also be presented.

Presented by:

Michael Andresino, Partner, Posternak Blakenstein & Lund LLP

Christine Cognetti, Exec Director, Morgan Stanley Corporate Equity Solutions

Richard J. Fischer, Vice President, Morgan Stanley Corporate Equity Solutions

More Information:
Continuing Education Credits: 1 CEP ()
Event files: 
Date and Time:3/28/2014 8:30 - 10:30am
Event:Boston NASPP and GEO Chapters March event
Topic:We invite you to take a world tour as we discuss the logistics and challenges of administering equity plans for a globally mobile population.
Location:Covidien 15 Hampshire St. Building 3 Mansfield, MA 02048
Contact:Mike Albert
Description:

Rob Melz, VP Mobility at State Street Corporation; Christopher C. Hall, Global Tax Network, and Jewon Wee, Independent Stock Plan Advisors will share tips and tricks how to set up a practical strategy that involves: (i) flagging globally mobile stock plan participants in equity plan recordkeeping systems, (ii) creating an automated process to determine the equity transactions that require income proration between multiple countries, (iii) calculating multi-jurisdictional equity income allocation and withholding taxes due in each jurisdiction, (iv) managing the end-to-end process including leveraging technology-based solutions to automate large volume of affected transactions. 

More Information:
Continuing Education Credits: 1 CEP (Administration)
Event files: 
Date and Time:2/28/2014 8:30 - 10:30am
Event:Boston NASPP Chapter February event
Topic:The Treatment of Equity Awards Upon Termination
Location:Fidelity Framingham, MA Investor Center 405 Cochituate Rd Framingham MA 01701
Contact:Mike Albert
Description:

The treatment of equity awards upon termination of an executive for any reason, including retirement, resignation, cause or a change in control – is one of the most complex areas of stock compensation. Learn how to handle the accounting, tax and administrative impact of vesting acceleration, non-compete, claw back, and other treatments of terminated employees’ awards.??
 

Presented by Chuong Pham, Managing Director, Professional Services Group, and Kelly Neider, Director of Sales, Equity Administration Solutions, Inc

 

 

More Information:
Continuing Education Credits: 1 CEP ()
Event files: 
Date and Time:12/20/2013 8:30-10:00am
Event:Boston NASPP Chapter December meeting
Topic:Compensation Spotlights for 2014: A discussion of the emerging topics that will affect compensation strategy and administration in the upcoming year.
Location:Staples Corporate Office 500 Staples Dr Framingham MA 01702
Contact:Mike Albert, President
Description:

Developments that will be discussed include: ISS policy updates, CEO pay ratios, realized/realizable pay, performance equity trends and IPO preparation.  Each of these topics are heavily influenced by equity compensation, particularly at the executive level.The session will be presented by Theo Sharp and Dana Etra of Frederick W. Cook & Co (Cook & Co.).  Theo has more than 20 years of consulting experience in the area of compensation and benefits and recently opened the new Boston office of Cook & Co.  Dana  is an experienced consultant and has worked with companies of all sizes in many industries on issues related to executive compensation. 
 

More Information:
Continuing Education Credits: 1 CEP ()
Date and Time:11/1/2013 8:30am
Event:Boston NASPP Chapter November meeting
Topic:TO REQUEST NEW SHARES OR NOT REQUEST NEW SHARES: THE EQUITY PLAN PROPOSAL DECISION
Location:PTC, 140 Kendrick St, Needham, MA.
Contact:Mike Albert
Description:

TO REQUEST NEW SHARES OR NOT REQUEST NEW SHARES:  THE EQUITY PLAN PROPOSAL DECISION

PROGRAM DESCRIPTION:
 
When companies begin to run low on available shares for future grant under their existing equity plans, a decision needs to be made about the timing and nature of a request for additional shares. We will walk through the analyses required to project share availability, considerations for conserving shares, and key factors influencing the decision to move forward with a share request. We will also address the shareholder approval process, including key decisions involved in putting together the plan document (e.g., share limits, shareholder friendly plan provisions, design flexibility) and understanding the policies of shareholder advisory firms and select major institutional shareholders. We will also provide market data on typical shareholder request approval rates and the influence of ISS on shareholder votes.
 
SPEAKERS:
 
ERIC HOSKEN is a partner with Compensation Advisory Partners LLC (CAP) in New York. He has over 15 years of executive compensation consulting experience working with senior management and Compensation Committees on all aspects of executive compensation, including total compensation review, annual and long-term incentive design, performance measurement and director compensation. He has worked with public and private companies across multiple industries, including financial services, manufacturing, professional services, pharmaceutical and telecommunications. Eric is a frequent speaker on executive compensation topics and has written articles for numerous publications, including CNBC.com, Executive Counsel, HR People & Strategy and World@Work's workspan.
 
KELLY MALAFIS is a Partner with Compensation Advisory Partners in New York. She has over 15 years of executive compensation consulting experience working with compensation committees and senior management teams. Kelly has worked with both large and small publicly traded companies across a variety of industries, consulting on all areas of executive and board of director compensation. Kelly has also provided advice on compensation issues for privately-held companies and companies with special circumstances such as spin-offs and IPOs. She is a frequent speaker on executive compensation topics and has written articles for several publications, including Directors & Boards, Executive Counsel, and World@Work's workspan.
 
More Information:
Continuing Education Credits: 1 CEP (Administration)
Date and Time:9/20/2013 9:00am
Event:Boston NASPP September webinar - Friday Sept 20 9am ET
Topic:What's Happening - Hot Topics in Equity Compensation
Location:webinar - conference call and Adobe Acrobat session
Contact:Mike Albert
Description:

What's Happening: Hot Topics in Equity Compensation
The current equity compensation landscape is filled with new discussions on equity, as well as a return of dormant issues. Join this session for a rapid fire overview of ten new (and resurgent) equity compensation hot topics. Topics include the impact of tax changes, the growing use of performance awards and analysis on the effectiveness of these awards, insights on participant thoughts on their equity plans, the noticeable resurgence of interest in ESPP, retirement eligibility tax challenges, ownership guidelines and the brewing 10b5-1 issues.  Emily Cervino, CEP, from Fidelity Stock Plan Services, will lead an insightful and educational session on topics that are sure to cross your desk.

Emily Cervino, CEP
Vice President, Fidelity Stock Plan Services
Working in the equity compensation industry since 1998, Emily has a unique appreciation for the opportunities and challenges of equity compensation. At Fidelity Stock Plan Services, Emily focuses on strategic marketing initiatives, thought leadership, and building Fidelity’s strong industry presence.
 
As executive director of the Certified Equity Professional Institute (CEPI) at SCU, Emily was involved in all aspects of certification, research, and program marketing. In previous roles, Emily managed all the equity compensation programs at National Semiconductor and held various roles at E*TRADE/ShareData.
 
Emily is a frequent speaker at equity compensation events, past president of the Silicon Valley Chapter of the NASPP, and a member of NASPP, GEO, and NCEO. Emily is a Certified Equity Professional (CEP) and she holds Series 7and 63 securities registrations.
 
More Information:
Continuing Education Credits: 1 CEP ()
Event files: 
Date and Time:7/19/2013 8:30am - 5:00pm
Event:Boston/Connecticut NASPP Chapters Annual Regional Conference
Topic:2013 Regional Conference
Location:Fidelity Investments 245 Summer St 14th floor Boston MA
Contact:Mike Albert
Description:

Dear Chapter Members and Friends:

The Boston and Connecticut NASPP Chapter Boards of Directors are happy to announce the 5th annual regional conference to be held in Boston on Friday, July 19th.  As those who attended a Connecticut/Boston conference in the past know, this is an excellent opportunity for learning and networking with equity compensation colleagues. We expect to have five excellent sessions through the day, as well as refreshments and lunch.

More details on the conference will be published in May.  In the meantime, please mark July 19th on your calendar as available space will fill quickly after the invitation is sent.

Please look for an invitation in the coming days to submit proposals to speak at the conference.

In addition, there will be opportunities to sponsor the meeting. We will publicize more about this soon.

Location: Fidelity Investments, 245 Summer St, Boston MA 02110
Proposed Time: 8:30 am - 3:30 pm

Sincerely,

The Boards of Directors of the Connecticut and Boston NASPP Chapters
 

More Information:
Continuing Education Credits: 5 CEP ()
Date and Time:4/5/2013 10am - 3pm
Event:Boston NASPP Chapter April 2013 event
Topic:Global Equity Training Series presented by Barbara Klementz and June Anne Burke from Baker & McKenzie
Location:PTC 140 Kendrick St Needham MA 02467
Contact:Mike Albert
Description:

The program will provide participants with the latest best practices related to the implementation and maintenance of their plans outside the U.S.  This will include a discussion of the various grant materials which are required or recommended, including the issues surrounding electronic acceptance of grant documents.   We will discuss in depth new developments affecting the tax and regulatory treatment of equity awards in several countries and examine current trends impacting global stock plans.  Finally, we will educate participants on the tax and regulatory issues arising from awards held by employees who transfer between countries and present practical solutions for dealing with these issues.

Thank you very much to our location sponsor, PTC, and our contacts there, Jean Cappucci and Doug Doo.

The Board of the Boston NASPP Chapter

More Information:
Continuing Education Credits: 5 CEP ()
Date and Time:3/28/2013 4:00 - 5:00pm
Event:Boston NASPP Chapter March 2013 meeting
Topic:10 Myths and Facts about ESPP - Boston NASPP March 2013 Meeting
Location:Webinar - access information can be found in the attached document.
Contact:Mike Albert
Description:

Many companies have cancelled, or have avoided, implementing ESPPs based on commonly held beliefs that are more like urban legends. This presentation provides some interesting and often surprising facts that will help debunk the myths about ESPPs.

"As companies evaluate the effect of accounting rules on their ESPP, they must deal with several consequences. If a company chooses to modify its plan to be non-compensatory under the rules, they must expect that some, and maybe most, participants will discontinue participation. This will lessen the overall effectiveness of the plan as an ownership tool. If the company chooses to discontinue their plan, it must be prepared to communicate this change in a way that does not alter the focus or passion of employees. Even non-participants may see the cancellation of a plan as a negative message from management. If a company chooses NOT to change its plan, it must account for the additional expense the ESPP will create for the company. It must also plan for shareholder response to the associated expense.

Learn the truth behind common ESPP myths:

ESPPs are too expensive
Shareholders will not continue to approve new shares for these plans
Employees do not participate in the plans in a passionate way
Plans with low participation rates are not effective
Employees flip their shares to make a quick profit
ESPPs allow employees to make profits that should be going to the shareholders
Most companies have canceled or modified their plans to fit ASC 718 accounting rules
Longer offering periods are not beneficial to shareholders
ESPPs are a not a broad-based form of compensation based on participation
Participants can easily replace their ESPP by participation in other types of plans
 

More Information:
Continuing Education Credits: 1 CEP (Administration)
Event files: 
Date and Time:11/16/2012 8:30 - 10:30am
Event:Boston NASPP November meeting
Topic:Value and Valuations: Making Sense of Long Term Incentive Data Presented by Terry Adamson, Partner at Radford, an Aon Hewitt company; and Fred Whittlesey, Principal Consultant, Compensation Venture Group, Inc.
Location:PTC Corporate Headquarters, 140 Kendrick Street, Needham, MA 02494 www.ptc.com
Contact:Mike Albert
Description:

Value and Valuations: Making Sense of Long Term Incentive Data

The nexus of stakeholders focused on dollar-denomination of stock awards perpetuates the need for a multi-method approach to valuation for compensation strategy and planning. This session illuminates the numerous approaches to both "value" and "valuation" of stock awards, how methods can be integrated to balance the needs of the company, shareholders, and employees—and how to communicate value to those stakeholders.
 
Speakers – Terry Adamson and Fred Whittlesey
 
Fred Whittlesey, Principal Consultant, Compensation Venture Group, Inc.
 
Fred Whittlesey is the Principal Consultant of Compensation Venture Group, a consulting firm specializing in compensation strategy, director and executive compensation, equity-based compensation, and incentive design with a primary focus on entrepreneurial growth companies.
Fred is a Founding Member of NASPP, past President of the Orange County chapter, a past member of the NASPP Advisory Board, and a current member of the Advisory Board of CompensationStandards.com.  He is past Chair of the Advisory Board for the Certified Equity Professional (CEP) Institute, and co-founder and past Board member of Global Equity Organization (GEO).
 
Fred received his MBA from UCLA and a BA in industrial/organizational psychology from San Diego State University.  He has earned the Certified Equity Professional (CEP), Certified Executive Compensation Professional (CECP) and Certified Compensation Professional (CCP) designations.
 
Terry Adamson, CEP, Partner, Radford, an Aon Hewitt company
 
Terry Adamson is a Partner at Aon Hewitt with over 19 years of consulting experience.  As National Practice Leader for Aon Hewitt’s employee equity consulting practice, Terry is involved with all phases of equity compensation, including the design, valuation and ongoing administration.   Terry is a frequent author and speaker regarding equity compensation.  Terry was on the FASB Round Table on Employee Share Options, and is the Chairman of the Society of Actuaries taskforce on stock option valuation.  Terry serves on the CEP Advisory Board, and the NASPP Executive Advisory Committee.  In 2010, the NASPP awarded Terry an Individual Achievement award.  Terry graduated from Georgetown University where he obtained a Bachelor of Science degree in Mathematics.
More Information:
Continuing Education Credits: 1 CEP (Various)
Date and Time:10/5/2012 8:30 - 10:15am
Event:Boston NASPP Chapter October meeting
Topic:Learning from the Mistakes of Others: How Not to Ruin Your Plan - presented by Ted Buyniski, Partner and Eastern Region Manager at Radford
Location:Fidelity Framingham Investor Center 405 Cochituate Ave Framingham MA
Contact:Mike Albert
Description:

 

Everyone wants to talk about how successful their program is. No one ever wants to talk about their failures. In fact, we can often learn more from examining failures, and making sure they don't happen again, than we can from simply trying to copy someone else’s plan. This session will examine some of those failures. The names will be changed to protect the guilty from embarrassment. Specifically, Ted will address:  1) How to get your plan voted down by shareholders; 2) How to convince employees that you're not giving them enough; 3) How to upset shareholders with a performance-based plan; and other cases that you will normally only hear when the stock plan administrator has been celebrating too late at the conference the night before. More importantly, Ted will show you what you can do on a preventative basis to keep you from having similar stories to tell in the future.
More Information:
Continuing Education Credits: 1 CEP (Administration)
Date and Time:7/18/2012 8:00am - 5:00pm
Event:Boston and Connecticut NASPP Chapters 2012 Annual Conference
Topic:The sessions are as follows: 1. 2012 Executive Compensation Proxy Season 2. Qualified or Non-Qualified – Which ESPP is right for your company? 3. Trends and Updates in the Wonderful World of 10b5-1 4. Dual Session: 2012 Global Stock Plan Survey Results and Trends & Canadian Tax Traps of US Equity Compensation Plans 5. Building Performance Share Programs that Work 6. Hottest Topics in Stock Compensation Today
Location:Fidelity Investments 245 Summer St Boston MA 02215
Contact:Mike Albert
Description:
More Information:
Event files: 
Date and Time:2/13/2012 3:00pm - 5:30pm
Event:Boston NASPP Chapter February meeting
Topic:International Tax and Legal Updates/Issues for Global Employee Stock Program: What the rules are and how companies are addressing these issues A Fresh Look: Employee Stock Purchase Plans
Location:Fidelity Investments 245 Summer St 14th floor Boston MA 02109
Contact:Mike Albert
Description:
More Information:
Continuing Education Credits: 2 CEP (Administration)
Date and Time:12/1/2011 5:30 - 8:30pm
Event:Boston Chapter Holiday Party Thank you to our sponsors: E*Trade, Fidelity Investments, Morgan Stanley Smith Barney, Posternak, Solium, and UBS Financial Services
Topic:Join your friends and colleagues for the Boston Chapter Holiday party. Food, fun, networking and a great speaker. Gary Blank, SVP of Public Policy, Fidelity Investments Government Relations and Public Policy Group will provide an overview of the legislative and regulatory environment that affects the equity compensation industry. Admission: $25 per attendee
Location:Sheraton Framingham Hotel & Conference Center 1657 Worcester Road (Rte 9) Framingham,Massachusetts
Contact:Mike Albert
Description:
More Information:
Continuing Education Credits: 1 CEP ()
Date and Time:9/19/2011 4pm - 6pm
Event:Boston NASPP Chapter September event
Topic:10b5-1 Trading Plans: Practical Guidance A comprehensive review of the challenges surrounding Rule 10b5-1 Trading Plans, from the perspective of the company, the executives, the brokerage firm and the SEC. This workshop will include fundamental concepts, current issues and concerns, and best practices for drafting and implementing compliant, administratively-manageable and successful plans.
Location:Morgan Stanley Smith Barney 28 State Street 27th floor Boston, MA 02109 A great opportunity to learn and to network with industry colleagues Sponsored by Morgan Stanley Smith Barney Monday September 19, 2011 4:00 - 4:30 pm Check in and networking 4:30 - 5:30 pm Presentation 5:30 - 6:00pm Refreshments
Contact:Mike Albert
Description:

The presentation will cover:

  • The Securities Law concerns that led to the drafting of Rule 10b5-1, and how successful the Rule has been in addressing those concerns.
  • The Rule 10b5-1 affirmative defense: What protection does it really offer, and how does it work in practice?
  • Best Practices in trading plan design and implementation: 10b5-1 Trading Plan selling schedules/types/formulas/styles for all types of securities and alll situations, including long shares, options, restricted stock units/awards, ESPP.
  • Guidance on implementing Trading Plans at your company, Insider Trading Policies
  • How to handle difficult issues such as plan termination, amendment, and disclosure.

Richard J. Fischer - Morgan Stanley Smith Barney

Vice President, Corporate Equity Solutions

Richard Fischer is Vice President within Morgan Stanley Smith Barney’s Corporate Equity Solutions group, where he is the Product Manager for GWM Core – 10b5-1 Preset Diversification Program (10b5-1 Trading Plans).  Rich began his career with Morgan Stanley in 2000 as a Manager in the Restricted Securities department.  In December 2003, he became head of the 10b5-1 Preset Diversification Program product group, focusing on all aspects of product development including marketing to Morgan Stanley’s clients and advisors.  Prior to Morgan Stanley, Rich was employed at UBS Paine Webber for over 13 years, where he held various positions within the Private Client Group.  Richard has over 30 years of Financial Services experience and is a member of the National Association of Stock Plan Professionals (NASPP).

More Information:
Continuing Education Credits: 1 CEP (Administration)
Event files: 
Date and Time:7/27/2011 8:15am - 3:30pm
Event:Regional Conference (Boston and Connecticut Chapters)
Topic:1. GLOBAL REWARDS PROGRAM PLAN OPTIMIZATION: EASIER DONE THAN SAID – Amy Reina and Sandy Shurin (Deloitte Tax) 2. Sizzling Hot International Developments: Don't Get Burned – June Anne Burke, Baker & McKenzie and Marsha Tepper (independent consultant) 3. Performance Plans: One Year Later – Jim Rowe (Cabot Corporation ), Denise Vitale (EASi), Patricia Brown (Solium Transcentive), and James Fucigna (Morgan Stanley Smith Barney) 4. Reconciliation of Assumed Forfeiture Experience to Actual Experience Terry Adamson (Radford) and Matt Roberts (Fidelity) 5. Hot Topics in Executive Compensation, Jeremy Goldstein (Wachtell, Lipton, Rosen & Katz) and Deborah Lifshey (Pearl Meyer)
Location:Shipman & Goodwin LLP One Constitution Plaza 20th floor Hartford, CT
Contact:Mike Albert
Description:

Please join us for breakfast and networking opportunities from 8:15 - 8:45 am. Welcome and introductions start promptly at 8:45. We have a full morning of presentations with a break scheduled at about 11:15 and lunch at 12:30.

The sessions are as follows:

1.    GLOBAL REWARDS PROGRAM PLAN OPTIMIZATION: EASIER DONE THAN SAID – Amy Reina  and Sandy Shurin (Deloitte Tax)

2.      Sizzling Hot International Developments: Don't Get Burned – June Anne Burke, Baker & McKenzie and Marsha Tepper (independent consultant)  
3.       Performance Plans:  One Year Later – Jim Rowe (Cabot Corporation ), Denise Vitale (EASi), Patricia Brown (Solium Transcentive), and James Fucigna (Morgan Stanley Smith Barney)
4.       Reconciliation of Assumed Forfeiture Experience to Actual Experience Terry Adamson (Radford) and Matt Roberts (Fidelity)
5.       Hot Topics in Executive Compensation, Jeremy Goldstein (Wachtell, Lipton, Rosen & Katz) and Deborah Lifshey (Pearl Meyer)

Please sign up only if you are certain you can attend. Seating is limited and we do not want to turn people away to make space for no shows. Meeting confirmations will be sent we will maintain the waiting list. Please be considerate of your fellow chapter members and friends!

Fee to Attend (Members and Nonmembers): None! (Thanks to our sponsors listed below.)

We sincerely thank our sponsors,  Solium Transcentive , CompIntelligence, E*Trade, EASi, Fidelity, Finn Dixon & Herling LLP, Morgan Stanley Smith Barney, and Shipman & Goodwin LLP for making this event possible. 

The Connecticut NASPP chapter also thanks its annual sponsors:  Shipman & Goodwin LLP, Finn Dixon & Herling LLP, ECa and EASi.

 

To register, please click on the link in this email (or copy the link to your browser) and complete the registration to reserve your space. This is the only method to register; emails will not be accepted.

https://www.surveymonkey.com/s/2011RegionalMeeting_07272011

More Information:
Date and Time:4/4/2011 3:30 - 6:00pm
Event:Boston NASPP Chapter April meeting
Topic:Prevailing Over Particularly Perplexing Performance Plans
Location:Fidelity Investments 245 Summer St 14th floor auditorium Boston MA 02210
Contact:Mike Albert
Description:

Prevailing Over Particularly Perplexing Performance Plans
A recent proliferation of performance awards has presented a whole new set of challenges for equity compensation professionals. Even where performance awards represent just a fraction of overall equity compensation, given the particular audience for these awards, the pressure is on to ensure perfectly smooth administration and financial reporting. Performance awards are different and unique. Identifying and understanding these unique features of performance awards will unlock the secret to flawless administration. Emily Cervino, CEP, from the Certified Equity Professional Institute (CEPI), along with Matt Roberts, from Fidelity Investments, will unveil the newest installment in the CEPI's GPS series - GPS | Performance Awards. This session will highlight the unique aspects of performance awards, particularly those that impact administration and financial reporting. Attendees will learn how GPS | Performance Awards can be used as an essential tool in their equity compensation tool box.
 

SPEAKER BIOGRAPHY:

 

Emily Cervino, CEP, Certified Equity Professional Institute

As Director of the Certified Equity Professional Institute (CEPI) at Santa Clara University, Emily leverages nearly 15 years of experience in the equity compensation field to develop and promote the rigorous standards of the CEPI. Emily coordinates program marketing and development to grow the CEP program and the professional recognition. She also coordinates an extensive volunteer base in defining course curriculum, test development, and standard setting to comply with the rigorous certification standards. Under Emily's leadership, the CEPI launched a research agenda focusing on risks and controls for equity compensation. Emily is a frequent speaker at equity compensation events, including the NASPP, Global Equity Organization, the NCEO, and, of course, the CEPI. Emily holds a BS from Santa Clara University and obtained her CEP designation in 1998.

 

Mathew Roberts, Fidelity Investments

In his current position as Vice President of Financial Reporting and Industry Relations, Mathew oversees the development and delivery of equity compensation financial reporting solutions for Fidelity Stock Plan Services. Prior to Fidelity, Mathew worked within PricewaterhouseCoopers LLP's Systems Process and Assurance Group with Financial Services clients across the US. Mathew received a BBA in Accounting and Information Systems from the University of Massachusetts at Amherst.

More Information:
Continuing Education Credits: 1 CEP ()
Date and Time:1/14/2011 8:30am - 2pm
Event:Global Equity Training Series presented by June Anne Burke, Valerie Diamond and Barbara Klementz from Baker & McKenzie
Topic:Global Equity Training Series half day program
Location:Fidelity Investments 245 Summer St 14th floor Auditorium Boston MA
Contact:Mike Albert, President Boston NASPP Chapter
Description:

Global Equity Training Series

 
The NASPP Boston Chapter and Baker & McKenzie cordially invite you to a unique program which will train participants on the international aspects of employee stock plan offerings.  Our intense half-day program will be presented by experienced Baker & McKenzie Global Equity Services attorneys and be held from 8:30 am - 2:00 pm on January 14, 2011.  
 
The program will train participants in the implementation of their plans in new countries and the steps they should follow to guarantee a successful launch and maintenance of their programs.  This will include a discussion of the various grant materials which are required or recommended and the different filings which may become necessary.  We will discuss in depth new developments affecting the tax and regulatory treatment of equity awards in several major countries (such as China and France) and examine current trends impacting global stock plans, such as option exchange programs and recharge programs.  Finally, we will educate participants on the tax and regulatory issues arising from awards held by employees who transfer between countries and present practical solutions for dealing with these issues.
 
We will conclude the program with a working lunch during which participants are encouraged to ask questions and to discuss and share their experiences.
 
More Information:
Continuing Education Credits: 5 CEP (Various)
Date and Time:11/16/2010 8:30am - 10:15am
Event:Boston NASPP Chapter November meeting
Topic:Wall Street Reform and Executive Compensation: A Briefing on the Corporate Governance Provisions of the Dodd-Frank Act
Location:Fidelity Framingham Investor Center 405 Cochituate Rd Framingham MA
Contact:Mike Albert
Description:

Wall Street Reform and Executive Compensation: 
A Briefing on the Corporate Governance Provisions of the Dodd-Frank Act


To better prepare for the dramatic changes coming this proxy season, our November meeting will be a timely update on the latest developments in the executive pay and corporate governance provisions of the Dodd-Frank Wall Street Reform Act.  The SEC has recently released its proposals to implement the new Say-On-Pay vote requirements, which will be effective in just two short months.  The SEC also proposed rules to implement the complex new Say-On-Golden Parachute vote.  We will discuss these proposals, as well as the status of other Dodd-Frank provisions, including the new CEO pay ratio and pay-for-performance disclosures, compensation committee and consultant independence, and proxy access.

Just as importantly, the discussion will include how this new regulatory environment will shape executive compensation in 2011 and beyond through the linkage of compensation and corporate strategy.  Your shareholders will now have a degree of access and a stake in your compensation program that they have not before, and this, combined with the continuing emphasis on linking pay with performance, mean that the challenge this year will go beyond keeping up with the latest proxy requirements.

Join us on November 16 to discuss practical ways for your company to meet that challenge.
 

PRESENTERS:

Mike Andresino heads the Securities Practice Group at Posternak Blankstein & Lund LLP, a Boston firm focused on business law for early stage through middle market companies.  He specializes in public company compliance issues, including disclosure, governance, executive compensation and stock plan design and implementation.  Mike was a founding member of the NASPP, and has served as an advisor to leaders in the executive compensation field, including major brokerage firms, software companies and consultants.

David Wise is a Principal and Director of Practice Development in Hay Group's Metro New York office. David advises Boards and executives on programs to motivate, develop and reward their top executive talent. As a recognized thought leader, David operates at the forefront of the changes to the regulatory and market landscape for executive pay, helping Boards navigate increasingly complex challenges and prepare for the future.
 

More Information:
Continuing Education Credits: 1 CEP (Securities Law)
Date and Time:11/4/2010 various times
Event:China SAFE Workshop
Topic:Presented by Jennifer George and Christine McCarthy, Partners in Orrick's Compensation and Benefits Group, the workshop is designed for those whose companies offer equity awards to Chinese nationals but who have not yet filed with China SAFE, or are in the planning process to do so. The goal of the workshop is to provide attendees with a clear understanding of the important choices and decisions to be made with respect to the flow of funds, conversion of funds, allowing employees in China to hold shares and broker constraints before making the filing. Attendees will leave the workshop with a binder of materials to help guide them through the China SAFE filing process. Each workshop will be limited to 15 attendees.
Location:Westin Hotel Waltham MA
Contact:Jennifer George
Description:
More Information:
Event files: 
Date and Time:10/28/2010 8am - 11am
Event:Boston NASPP Chapter October event
Topic:We have two topics for this meeting: Cost Basis Legislation - What Is It and How Will It Impact Equity Compensation Plans? Presenter: Cara Abdulrazak McKenna, VP Product Manager, Fidelity Investments Shaping Equity Awards in a Highly Volatile World Presenters: Peter Suzman, Founder and Managing Partner, FAS123 Solutions, LLC Arthur Kohn, Partner, Cleary Gottlieb Steen & Hamilton LLP
Location:Staples, Inc has graciously offered to host this event. Staples, Inc 500 Staples Dr Framingham MA Directions will be sent in a confirmation email to anyone who signs up
Contact:Mike Albert
Description:

Cost Basis Legislation - What Is It and How Will It Impact Equity Compensation Plans?
An overview and background of Congress' 2008 Economic Stabilization Act and the cost basis provision having a significant impact on equity compensation plan record keepers and broker-dealers alike. This presentation will discuss the new required 1099-B reporting to the IRS, the schedule for which securities will be included and when based on their classification, when certain cost basis adjustments will need to be reported, and how cost basis will be transferred between record keepers.

Shaping Equity Awards in a Highly Volatile World
We discuss the significant increase in stock price volatility over the last few years. We present a method, incorporating behavior and objective data from over 1 million grants, of rigorously comparing and visually representing the risk and reward characteristics of any type of equity award. We demonstrate how volatility and other factors markedly impact reward characteristics in relation to expense. We show that for high volatility companies, a capped option may produce a dramatic reduction in compensation expense, and fully discuss the legal and administrative practicalities of capped options and capped relative awards. We also look at the benefits of limiting payouts from a compensation committee risk-control perspective. Our discussion from multiple perspectives - accounting, compensation strategy, legal and proxy-advisory - will compare different types of awards best-suited to a volatile and uncertain environment.
 

More Information:
Continuing Education Credits: 2 CEP (Various)
Date and Time:8/17/2010 8:30am
Event:Boston NASPP Chapter August meeting
Topic:ESPPs - 423, 6039 and Global Employees: A Practical Review
Location:Fidelity Investments Framingham Investor Center 405 Cochituate Rd Framingham MA 800 448-0570
Contact:Mike Albert
Description:

 

ESPPs - 423, 6039 and Global Employees: A Practical Review

With many options still underwater, we are seeing a resurgence of ESPPs, most likely because ESPPs provide a guaranteed benefit to employees and are viewed favorably by shareholders. However, in light of the new regulations to Section 423 and Section 6039, companies need to review their plans and their administrative processes to ensure compliance with the new rules. We will give an overview of the new regs and provide guidance on what changes may need to be made to the plan document. In particular, we will discuss how the new 423 regs will affect ESPPs offered to employees outside the U.S. and how, in certain circumstances, such offerings can jeopardize the Section 423 status of the ESPP. We will present solutions to avoid such a disqualification and ensure compliance with local law. Finally, we will detail the new requirements for employee information statements and discuss the IRS returns which will be due for the first time in early 2011 for ESPP transactions made in 2010.

Presenters:


Valerie Diamond, Baker & McKenzie LLP, Partner, Global Equity Services

Ms. Diamond is Chair of the Global Equity Services Group at Baker & McKenzie's San Francisco office. Her practice focuses on international equity compensation plans, executive compensation and employee benefits. Ms. Diamond provides advice to clients on all aspects of tax and regulatory compliance when options, restricted stock or purchase rights are granted to employees both within and outside the United States. She is the 2008 recipient of the National Association of Stock Plan Professionals' Individual Achievement Award, and is the Chair of the
Board of Review for the Certified Equity Professional Institute.

Barbara Klementz, Baker & McKenzie LLP, Partner, Global Equity Services

Ms. Klementz focuses her practice on international equity compensation programs, employee benefits and executive compensation.  Ms. Klementz has significant experience advising multinational companies on implementing their international equity compensation programs. Her work on the implementation of equity compensation programs has involved tax,
securities laws, exchange control regulations and various other issues. Ms. Klementz also frequently advises with respect to the treatment of such programs in corporate spin-offs and other corporate transactions, as well as on the tax treatment of cross-border employees. Ms. Klementz is on the Board of the SF NASPP Chapter.

 

More Information:
Continuing Education Credits: 1 CEP ()
Date and Time:7/27/2010 8:15am - 3:30pm
Event:Regional Conference (Boston and Connecticut Chapters)
Topic:Multiple sessions, including global equity compensation, performance plans, executive compensation, mobility tracking for state taxes, RSUs and accounting
Location:Shipman & Goodwin LLP One Constitution Plaza 20th floor Hartford, CT
Contact:Mike Albert
Description:

Please join us for breakfast and networking opportunities from 8:15 - 8:45 am. Welcome and introductions start promptly at 8:45. We have a full morning of presentations with a break scheduled at about 11:15 and lunch at 12:30.

The sessions are as follows:

1--Performance Plans: Past, Present and Future, presented by Marsha Tepper, Morgan Stanley Smith Barney, Diane Lerner, Pay Governance, LLC, Denise Vitalie, EASi, and Jim Rowe, Cabot Corporation

2-End to End Solutions for RSUs - From Granting to Accounting, We Have it Covered, presented by Mathew Roberts, Fidelity Investments, Emily Cervino, CEPI, and Jenifer Gornstein, Time Warner

3-- An Overview of Shareholder Approval of Equity Plans and 2010 Proxy Season Review, presented by Paula Todd, Towers Watson, James Kroll, Towers Watson, and Jeremy Goldstein, Wachtell, Lipton, Rosen & Katz

4-Sizzling Hot International Updates, presented by June Anne Burke, Baker & McKenzie

5-Mobility Tracking and State Taxes, presented by Amy Reina and Deb Heikkenen, Deloitte

Please sign up only if you are certain you can attend. Seating is limited and we do not want to turn people away to make space for no shows. Meeting confirmations will be sent by Kelly Reed and Kelly will maintain the waiting list. Please be considerate of your fellow chapter members and friends!

Fee to Attend (Members and Nonmembers): None! (Thanks to our sponsors listed below.)

We sincerely thank our sponsors, Computershare, EASi, Fidelity, Finn Dixon & Herling LLP, Morgan Stanley Smith Barney, Shipman & Goodwin LLP, Solium Capital and UBS for making this event possible.

To register, please click on the link in this email (or copy the link to your browser) and complete the registration to reserve your space. This is the only method to register; emails will not be accepted.

http://www.surveymonkey.com/s/QPPQCX2

More Information:
Date and Time:5/27/2010 3pm - 6pm
Event:Joint NASPP/GEO Boston Area Chapter Meeting (featuring two presentations)
Topic:Please join us for the second annual joint NASPP/GEO Boston Area chapter meeting. As with the first joint meeting held in December 2009, this meeting will feature two presentations. There will be a network reception immediately following the presentations. Session #1 (3 - 4 PM)- Recent Developments and Future Directions in Performance-Based Equity Awards Jim Heim and Theo Sharp from Pearl Meyer are going to present the following: Pay-for-performance is the holy grail of executive compensation. As investors, legislators and the media ask increasingly detailed and pointed questions as to how companies are aligning pay and performance, Boards of Directors are examining the design of long-term incentive programs much more closely. Pearl Meyer & Partners will share real time data from their “2010 PM&P On Point: Executive Pay-for-Performance” survey, which examined how over 600 companies are approaching the issues of performance measure selection and the setting of performance goals within their LTI programs. Survey data will be supplemented with trends PM&P is observing in their dealings with clients, common pitfalls to avoid when implementing performance measures in an executive LTI program, and new analytic tools that can assist in performance measure selection and goal setting. Session #2 (4 - 5 PM) – Cutting the Red Tape: Real life China SAFE filing Stories Joyce Chen from Orrick will moderate a panel of issuer speakers from three multinational employers headquartered in the greater Boston area (Analog, Covidien, Genzyme). Panelists will share their experience getting educated on the Chinese foreign exchange rules, making the decision to seek approval by the Chinese authorities to operate equity programs in China, and designing and implementing the plan operational procedures to fulfill the repatriation and disbursement requirements set forth in the SAFE filing. Issuer panelists joining Joyce are: Keith D. Bilezerian, Senior Compensation and Benefits Counsel, Covidien Beth O'Hara Parker, Principal Equity Plan Administrator, Genzyme Corporation Jeanne Weinzierl, Manager of Treasury Finance, Analog Devices, Inc.
Location:Fidelity Investments 245 Summer St 14th floor (next to South Station) Boston MA 02111 check in at security - picture id is required
Contact:Mike Albert
Description:
More Information:
Continuing Education Credits: 2 CEP ()
Date and Time:2/4/2010 8:30 - 10:30am
Event:New Rules for Proxy Statement Disclosure
Topic:Approved amendments to the SECs rules to enhance proxy statement disclosure become effective at the end of February and will apply to most companies during the 2010 proxy season. In light of these new rules companies should assess their current compensation and governance practices and begin to promptly take steps to ensure that the new rules will be properly reflected in their next proxy statement. This panel will discuss the new rules and address the following and other related items: Enhanced disclosure of relationship between compensation policies and corporate risk; Changes to the reporting of equity awards; Enhanced disclosure about directors and director nominees; Additional disclosure about board leadership structure; Additional disclosure about compensation consultants; and Reporting on Form 8-K of voting results from shareholder meetings.
Location:Fidelity Framingham Investor Center Framingham, MA 405 Cochituate Road Framingham, MA 01701 Phone: 800-448-0570
Contact:Mike Albert
Description:
Speaker Bios
 
Moderator
Arthur Meyers, partner in labor, employment and benefits, advises senior executives and boards on all matters relating to executive compensation, including employment, severance and change in control arrangements.  He also has substantial experience advising public and closely held entities on tax, corporate, employment and securities law aspects of equity compensation plans.  He is listed in Chambers USA and The Best Lawyers in America.
 
 
Panelists
James Hackett,
partner in business and technology, serves as counsel to numerous public companies, advising them on SEC reporting and regulatory compliance, including on the rules and regulations of the SEC and The Sarbanes-Oxley Act, as well as corporate governance matters.  He regularly represents public companies and underwriters in public equity and debt financings and share repurchases, and has significant experience in Canada-US cross-border legal issues. 
 
John Pitfield, partner in business and technology, advises clients on corporate governance matters, public company reporting and regulatory compliance, including with the rules and regulations of the United States Securities and Exchange Commission and The Sarbanes-Oxley Act of 2002.  He has been named in The Legal 500 for middle market private equity buyouts and named as a Massachusetts Super Lawyers Rising Star.  In addition, in 2007, Mr. Pitfield was chosen by Massachusetts Lawyers Weekly as one of only fifteen attorneys in the state for the annual “Up & Coming Lawyers” list.
More Information:
Continuing Education Credits: 1 CEP (Securities Law)
Date and Time:12/1/2009 8:00 - 11:15am
Event:Boston NASPP Chapter December meeting
Topic:In partnership with the Boston Area GEO Chapter Session 1: Performance Share Plans – Responding to the Recession This insightful panel discussion will be moderated by Ted Buyniski from Radford and will include panelists from issuer firms, including Craig Kams, who is Senior Director of Compensation & Benefits at Skyworks Solutions (second panelist to be confirmed). Session 2: Getting ready to close out the year – US and international year-end activities for stock plans This presentation will be moderated by Karen Needham from ISP Advisors and will cover important US and international year-end activities (an additional panelist to be confirmed): · US W-2 and 1099MISC reporting requirements and additional year-end activities for ISO and 423 ESPP, including best practices for disqualifying disposition tracking · Best practices for complying with non-US wage reporting and informational reporting for international participants · Best practices for year-end communications regarding employees’ liability to report stock plan income and pay taxes (even if a company has no liability to withhold) Agenda: 8:00 – 8:50 AM – Networking breakfast 8:50 – 9:00 AM – Welcome, announcements from NASPP, GEO 9:00 – 10:00 AM – Session 1 10:00 – 10:15 AM – Break 10:15 – 11:15 AM – Session 2 Sponsors: Host and location sponsor: Radford, an AON Consulting Company Networking breakfast sponsors: E*TRADE Corporate Services, ISP Advisors
Location:Radford An Aon Consulting Company 550 Cochituate Rd Framingham, MA
Contact:Mike Albert
Description:
More Information:
Date and Time:10/8/2009
Event:Global Equity Plan Updates and Trends
Topic:Global equity plan tax and legal updates, presented by June Anne Burke of Baker & McKenzie LLP
Location:Fidelity Framingham Investor Center 405 Cochituate Rd Framingham, MA 01701
Contact:Mike Albert
Description:

While the economy may have slowed down over the last 12
months, the pace of tax and legal developments impacting global equity
plans has accelerated. Further, important trends have emerged
during this period.

Please join us on October 8 from 8:30 until 10:30am
for a presentation and discussion by June Anne Burke on the
latest tax and legal developments in global equity plans, including
developments pertaining to mobile employees. This session will
address recent international tax and legal developments around
the globe, including Australia, China, France, India, Russia, the
U.K. and the EU Commission's initiative to simplify EU
prospectus filings for U.S. issuers. Practical tips for coping with
these changes will be provided. In addition to these tax and legal
developments, recent trends will be examined.

Ms. Burke is a partner in the New York Office of Baker &
McKenzie LLP and heads the New York Global Equity Services
Practice. Ms. Burke advises clients as to the tax, legal and
accounting considerations of awarding equity and other long-term
incentive vehicles to employees, joint venture employees, and
non-employee directors around the world in connection with
strategy and design, program implementation, spin-offs, IPOs,
mergers and acquisitions, option repricings, option exchange
programs, plan terminations and compliance audits.
 

More Information:
Continuing Education Credits: 1 CEP ()
Date and Time:7/14/2009 8am - 3pm
Event:Boston and Connecticut Chapters Regional Conference
Topic:The sessions are as follows: 1- Global Equity Updates and Review of the NASPP 2008 International Stock Plan Design and Administration Survey Presenters: Peter Simeonidis and Amy Reina, Global Rewards Practice, Deloitte Tax LLP 2- Option Exchanges and New Awards for today's Volatile Economy Presenters: Peter Suzman and Daniel Abrams, FAS 123 Solutions, LLC 3- Executive Compensation Under Fire: TARP, Proxy Disclosure, 409A Panelists: Paula Todd (Towers Perrin) and Jeremy Goldstein (Wachtell Lipton Rosen & Katz). 4-Pay-for-Performance From Plan to Practice: Panelists: Bruce Brumberg (www.myStockOptions.com), Phil Savage (The Hartford), Denise Vitale (EASi)
Location:Where: Shipman & Goodwin LLP One Constitution Plaza 19th floor Hartford, CT
Contact:Edi Abbott, CEP - EquityComp Associates, LLC
Description:

Please sign up only if you are certain you can attend. Seating is limited and we do not want to turn people away to make space for no shows.  Meeting confirmations will be sent by Edi Abbott and Edi will maintain the waiting list. Please be considerate of your fellow chapter members and friends!

To register, please click on the link in this email (or copy the link to your browser) and complete the registration to reserve your space.  This is the only method to register; emails will not be accepted.

http://www.surveymonkey.com/s.aspx?sm=5qiyXWoVqVhCPC3f5nyAyQ_3d_3d

More Information:
Continuing Education Credits: 4 CEP (Various)
Date and Time:5/6/2009 8:30 - 10:30am
Event:NASPP Boston Chapter May meeting
Topic:Lessons Learned from the Current Proxy Season
Location:Fidelity Framingham Investor Center 405 Cochituate Road Framingham, MA 01701 Phone: 800-448-0570
Contact:Mike Albert
Description:

 

Lessons Learned from the Current Proxy Season
This year’s shareholder meeting season promises to be very controversial. Some companies (mostly in the financial services industry who received government money ) are consumed with say-on-pay proposals. Many others are dealing with other corporate governance issues. There are a significant number of companies dealing with equity issues and are proposing option exchanges, new equity plans, and additional share requests for equity plans in the face of concerns about devastating declines in shareholder value. There are many other undercurrents, such as risk assessment, disclosure of performance measures, incentive compensation mix, and discussion of special actions in response to the economic downturn, that make this a proxy season of special interest.
 
Our speaker, Larry Schumer from Buck Consultants, will report on developments, trends, and special situations in two industry sectors that often drive trends across industries: technology and biopharmaceutical. He will contrast the differences in issues and actions between the larger and smaller companies in these two sectors and discuss the implications for companies regardless of industry.
 
Speaker 
Larry Schumer is an executive compensation consultant who has worked extensively with public company compensation committees on total executive compensation packages, executive incentives, and governance. Larry has more than 20 years of experience in HR consulting and has held VP HR positions at two technology companies, each with 10,000 employees.

 

Breakfast and Networking 8:30 - 9:00am

Presentation and Questions 9:00am - 10:30am

Please RSVP to boston@naspp.com.  Space is limited.

 

More Information:
Continuing Education Credits: 1 CEP ()
Date and Time:4/9/2009 8:30 am - 10:30am
Event:Boston NASPP Chapter April meeting
Topic:Are You Ready for IFRS2?
Location:Westin Waltham Boston 70 Third Avenue Waltham MA 02451 781 290-5600
Contact:Mike Albert
Description:

 

 

Join Boston Chapter members for a presentation on IFRS 2, its impact, and what you can expect in 2009 and 2010. Experts from Deloitte will review the following topics:

  • IFRS 2 vs. FASB 123R: differences and considerations
  • Experience on IFRS conversion of a multi-national entity
  • IFRS status update (SEC Roadmap).

Presenters:

Choung Pham – Chuong Pham is a Director in Deloitte’s Global Employer Services Group, specializing in regulatory compliance and design of stock plans and other executive compensation arrangements. He has 15 years of experience advising clients regarding the accounting, financial reporting, tax, and securities law aspects of stock-based and cash compensation programs.
 
Chuong counsels companies on all aspects of equity-based and incentive compensation arrangements, including deferred compensation, stock options and restricted stock programs, long-term incentive and performance award plans, employee stock purchase plans, golden parachute and retention bonus arrangements, and supplemental executive retirement plans. His clients include high technology, e-commerce, emerging growth, and biotech companies, as well as traditional consumer service and "bricks and mortar" companies at all stages of their life cycles, from start-up and venture-capital funding through initial public offering and beyond.
 
Before joining Deloitte, Chuong was an attorney in the Employee Benefits and Executive Compensation Practice of DLA Piper Rudnick LLP, where his practice included designing all types of employee benefit programs, and dealing with benefit issues in mergers and acquisitions.
 
Ere Furbino – Ere Furbino is a Sr. Manager with the Global IFRS and Offerings Services Group of Deloitte & Touche, LLP and has over nine years of experience in public accounting providing assurance and advisory services and creating value for his U.S. and non-U.S. SEC registered clients. 
 
Ere has served clients in various industries, though in recent years his focus has been primarily consumer and technology companies. In serving these clients, Ere has worked particularly in the areas of technical accounting and project management. As a result of his engagements, Ere has developed a vast knowledge of IFRS and U.S. GAAP.
 
Selected clients served include IBM Corp. (IFRS Conversion), Royal Ahold N.V., KAO Brands Company, and SOS Metals Inc., a division of Marubeni-Itochu Steel Inc.
 
Bryan Anderson – Bryan Anderson is a Senior Manager with the Global IFRS and Offerings Services Group of Deloitte & Touche LLP and has over 10 years of experience in public accounting providing assurance and advisory services.
 
Bryan has been the lead senior manager on a large multi-national and cross-functional IFRS conversion project. Through this role he has extensive knowledge of IFRS as well as an understanding of the practical implementation issues that arise during the conversion process. In addition, he spent 3 years in Deloitte’s National Office primarily dealing with public company restatements, fraud investigations, and other firm risk related matters. 
 
Selected clients served include Thomson Reuters, Continental Grain Company, ConAgra Foods, and West Corporation.

 

 

More Information:
Date and Time:2/11/2009 8am - 10:15am
Event:Boston Chapter - January, 2009 Chapter event
Topic:Executive Pay in the New Economy: Setting Pay in Troubled Times
Location:Fidelity Investments Framingham Investor Center 405 Cochituate Rd Framingham MA 01701
Contact:Mike Albert, President, Boston Chapter
Description:

Falling share prices, underwater stock options, and general market turmoil will make 2009 an exceptionally difficult year for equity compensation planning purposes.  Pearl Meyer & Partners will share real time data (collected in January 2009) from their “Executive Pay in the New Economy” survey series, which details the modifications that companies are considering in areas such as: 

§         Equity instrument selection.

§         Anticipated 2009 award values.

§         Anticipated 2009 burn rates.

§         Strategies for addressing underwater options.

Survey data will be supplemented with trends they are observing in dealings with clients as they confront the issue of setting pay in uncertain times.

More Information:
Date and Time:11/19/2008 8:00 a.m. - 10:15 a.m.
Event:Boston NASPP Chapter Meeting - Wednesday, November 19th
Topic:"Addressing Underwater Options: Measured Responses to a Contentious Problem"
Location:Location: The Westin Waltham, 70 Third Avenue, Waltham, MA Directions: http://www.starwoodhotels.com/westin/property/area/directions.html?propertyID=1036 RSVP: gail.cook@fmr.com
Contact:John Williams, Fidelity Stock PLan Services
Description:

The current economic downturn has left many companies to grapple with the complex problem of underwater stock options. Addressing underwater options through repricings is often viewed negatively by investors and the press due to some past abuses. However, today's environment offers alternatives to conduct a responsible underwater option exchange program that are beneficial to employees while still winning the approval of company shareholders.

More Information:
Continuing Education Credits: 2.25 CEP (Various)
Date and Time:9/24/2008 8:00 am - 10:15 am
Event:Boston NASPP Chapter Meeting - September 24th 2008
Topic:The Evolving Landscape of Board Compensation
Location:Fidelity Investments Investor Center, 405 Cochituate Road, Framingham, MA Directions: The Investor Center is located on Route 30 between Speen St. and Route 126 behind the Natick Mall and Shopper’s World
Contact:John Williams
Description:

The presentation will include: 

  • The Evolving Landscape
    • Board planning/succession 
  • Governance Best Practices
    • ISS and external pressures
    • Board governance 
  • Board Leadership
    • Roles and expectations 
  • Outside Director Compensation Trends
    • Year over year changes/themes
    • 2008 cash and equity compensation
    • Structure and size of awards 
Our featured speakers are Radford Surveys + Consulting’s Senior Vice President Ed Speidel and Assistant Vice President Rob Surdel.
More Information:
Continuing Education Credits: 2.25 CEP (Various)
Date and Time:6/24/2008 8:00 am - 10:15 am
Event:

Boston NASPP Chapter Meeting - June 2008

Topic:

Performance-Based Long-Term Incentive Plans - Design Considerations and Trends

Location:
Offices of DolmatConnell & Partners
201 Jones Road
Waltham, MA
 
 
 
Contact:John Williams
Description:
More Information:
Continuing Education Credits: 2.25 CEP (Various)
Date and Time:4/30/2008 8:00 AM - 10:15 AM
Event:

Boston NASPP Chaper Meeting - April 2008

Topic:

 

 Hiring and Firing Executive Officers - The Impact on Equity Compensation

 

Location:

 

 

Fidelity Investments Investor Center, 44 Mall Road, Burlington, MA

RSVP - gail.cook@fmr.com

Contact:John Williams
Description:

The turnover of senior executives at public companies has increased in recent years. Arrivals and departures of high-level employees can have a significant impact on share usage and often raise complex compliance, corporate governance, and document drafting issues. Join us for a presentation on the important tax, regulatory and design implications for equity compensation when executive officers are hired and fired.

 Our featured speaker is Arthur Meyers who is a partner at Seyfarth Shaw LLP.

More Information:
Continuing Education Credits: 2.25 CEP (Administration)
Date and Time:2/27/2008 8:30am - 10:30am
Event:NASPP Boston Chapter Meeting - February 2008
Topic:"Global Equity Hot Spots" This informative session will provide international tax and legal updates with a special focus on China, France, India, the UK and the EU. The presentation will also include an update on efforts to simplify EU prospectus filing requirements for US issuers. In addition to reviewing the latest developments, ways in which issuing companies are responding to these developments, and emerging "best practices" will be addressed.
Location:The Westin Waltham is located at 70 Third Avenue, Waltham, MA and is easily recognizable form 128/I-95. Here is a link to the hotel web site http://www.starwoodhotels.com/westin/property/overview/index.html?propertyID=1036
Contact:John Williams, Fidelity Stock PLan Services
Description:Our featured speaker is June Anne Burke who is a Partner at Baker & McKenzie LLP. 8:30 - 9:00 a.m. Registration and continental breakfast 9:00 - 10:00 a.m. Presentation 10:00 - 10:30 a.m. Q&A and chapter announcements Cost: Free to members and non-members alike. A continental breakfast will be provided.
More Information:
Date and Time:9/25/2007 8:30 a.m. - 11:00 a.m.
Event:September Boston Chapter Meeting sponsored by Charles Schwab. Guest speaksers representing Radford Valuation Services, PricewaterhouseCoopers, NYU, Schwab, and Valtrinsic will present. 8:30 - 9:00 a.m. Registration and Continental Breakfast 9:00 - 9:45 a.m. Session 1 (see description below) 9:45 - 10:00 a.m. Break 10:00 - 10:45 a.m. Session 2 10:45 - 11:00 a.m. Final Q&A and Chapter Announcements
Topic:"Determining Expected Term, Post-SAB 107: Immediate Action Required!" Description: How will your company comply with the FAS 123R standard when SAB 107's stop-gap formula for determining expected term expires at the end of the year? Because expected term is still the most vexing and controversial problem when applying FAS 123R, the SEC consulted with the Society of Actuaries about conducting the first national study of employee stock option exercise behavior. In Session 1 we'll address problems associated with determining expected term and explain and analyze recently implemented valuation strategies. Session 2 then focuses on the rationale for the SEC's methodology preferences, and we'll explain why and how to participate in the Society of Actuaries' study. There will be time for an open forum, which proved to be a lively discussion during a recent presentation to the Silicon Valley NASPP chapter.
Location:Newton Marriott 2345 Commonwealth Avenue Newton, MA 02466 Phone: 617-527-6914 http://www.marriott.com/hotels/travel/bosnt-boston-marriott-newton/
Contact:Please rsvp if interested to gail.cook@fmr.com
Description:Speakers: Session 1: Terry Adamson, Radford Valuation Services and Nicholas Reitter, PricewaterhouseCoopers Session 2: Sean Scrol, Valtrinsic and Jennifer Carpenter, New York University Moderator: Mark Clem, Charles Schwab
More Information:
Date and Time:6/26/2007
Event:Discussion Group
Topic:“Final Regulations on Section 409A Announced - The Changes to expect for Your Equity Award Plans"
Location:Waltham Westin, tentative
Contact:
Description:The Certified Equity Professional Institute (CEPI) of Santa Clara University has released the results of the GPS research project to respond to the needs of the equity compensation industry by providing impartial guidelines and best practices. A panel of industry experts will explain what these guidelines mean to issuers and third party service providers and review how you can participate in the public comment process. These guidelines can be used by internal and external audit teams to understand the material risks and identify appropriate internal controls. This practical guidance will help with the application of the SEC and PCAOB joint release issued in December 2006. All attendees will receive a full copy of the publication.
More Information:
Date and Time:6/6/2007
Event:Discussion Group
Topic:"Challenges facing BoDs - Key Issues in SEC Disclosure & Enforcement" and "Global Employee Stock Purchase Plans: Do they continue to have a role?"
Location:Waltham Westin
Contact:
Description:How should you be thinking about your company’s employee stock purchase programs in the new accounting, tax, regulatory and governance landscape? Which programs (and terms) continue to make sense, and which no longer do? Hear how leading edge thinkers have answered these questions. Successful governance models for global programs and new sensitivity to economic consequences will be discussed.
More Information:
Date and Time:5/17/2007
Event:Discussion Group
Topic:“Giving Employees a Choice in Equity Awards”
Location:Waltham Westin, confirmed, signed contract
Contact:
Description:Offering employees the ability to choose their equity rewards is both controversial and avant-garde. How better to stretch the benefits dollar you invest in your employees then by offering them choice? Best Buy’s John Moynihan will provide practical advice and detail their experience. The discussion will have relevance for any company who has ever considered cafeteria style plans. As a Fortune 100 company, and one of “the best workplace companies in corporate America”, we’ll learn firsthand from the experiences of a tenured HR professional and an industry leader.
More Information:
Date and Time:4/26/2007
Event:Discussion Group
Topic:“How Much is Too Much? Determining Relative Grant Values and Sizes”
Location:Waltham Westin, confirmed, signed contract
Contact:
Description:Liz Rae of Waters Corporation and Matt Stinner of Pearl Meyer & Partners will discuss different ways to think about the value tradeoffs between stock options and restricted stock. The primary focus of the session will be on a case study on how Waters Corporation handled the relative value of equity vehicles when adding restricted stock to its equity mix, alternatives for option and restricted stock comparisons, and Pearl Meyer & Partners' proprietary Risk Reward Index. The objective of the session is to provide participants with practical, "real life" guidance on how to address the relative values of equity vehicles in response to the recent trend of utilizing more than one equity vehicle.
More Information:
Date and Time:3/15/2007
Event:Discussion Group
Topic:Title/Topic 1: “Spring Tune-Up for Your Stock Option Plan” Presenter: Seyfarth Shaw LLP – A. Meyers (Boston), M. Samsa (Chicago) & M. Formaker (New York) Email: ASMeyers@seyfarth.com Description: Practices and legal developments relating to executive and equity compensation have outpaced the changes companies have made to their equity plan documents. Join our panel of experts as we probe ten of the most common shortfalls, including plan definitions, anti-dilution language, 409A, clawbacks, and net exercises. Topic/Title 2: “EU Prospectus Directive – Case Study & the Challenges of Deciding Home Member State” Presenter: Baker & McKenzie LLP - N. Acharya, B. Wydajewski and J. Edwards. Email: Narendra.Acharya@BakerNet.com
Location:Newton Marriott
Contact:Peter Karle
Description:
More Information:
Date and Time:11/15/2006 7:30am - 11:30am
Event:NASPP Boston Chapter Meeting - November 2006 (1) The Current State of Executive Compensation: Where are we Today and Where are we Headed? (2) Stock Option Timing: What Can You Do? (3) The New SEC Disclosure Rules: Changing the Rules or Changing the Game?
Topic:(1) The Current State of Executive Compensation: Where are we Today and Where are we Headed? We will look at the current state of executive compensation levels and practices, including migration from stock options and dramatic increase in performance-based pay, across several industries and company size ranges and will also discuss where executive and director pay is likely to head and why. (2) Stock Option Timing: What Can You Do? This session overviews the key timing issues surrounding the equity grant controversy and outlines preventive measures and best practices to avoid becoming headline news. This session addresses timing issues for stock options and similar concerns that relate to other forms of compensation. (3) The New SEC Disclosure Rules: Changing the Rules or Changing the Game? This session will focus on the new SEC disclosure rules from a unique perspective – rather than simply addressing the technical aspects of the rule changes, this session will highlight the key details of the rule changes and focus on the process and outcome changes that will likely result from the new disclosure rules.
Location:The Westin Waltham is located at 70 Third Avenue, Waltham, MA 02451 and is easily recognizable from 128/I-95. Here is a link to the hotel … http://www.starwoodhotels.com/westin/search/hotel_detail.html?propertyID=1036.
Contact:Peter Karle
Description:SPEAKERS: Choate, Hall & Stewart and also Dolmat Connell & Partners LLP COST: None. Free to members and non-members alike. A continental breakfast is provided at no cost. As a professional courtesy, be certain to attend if you have registered and/or provide notice of cancellation within 48 hours.
More Information:
Date and Time:5/4/2006 8:30 a.m.
Event:Boston NASPP Chapter Meeting - May 4th Event
Topic:Restricted Stock Units and Awards From the Administrative Trenches: Tricks, Traps and How to Avoid Them
Location:Westin, Waltham, MA
Contact:Peter Karle
Description:- Developing RSU/RSA communications and ongoing education - Taxation from both the company and participants perspective for both domestic and international, including 409A considerations - Administrative preparedness for RSU vesting events - Plan Design features and how they affect administration - Pros and cons of withholding methods - Lessons learned
More Information:
Date and Time:2/15/2006 8:15 - 11:30 am; Feb 15th
Event:Two One Hour Topics for the Monthly February Event: Topic #1: 409A – New Deferred Compensation Rules, a Second Look, presented by Art Meyers from Seyfarth Shaw LLP Topic #2: The SEC’s New Executive Compensation Disclosure Proposals, presented by Mike Andresino from Posternak, Blankstein & Lund LLP
Topic:Topic #1: 409A – New Deferred Compensation Rules, a Second Look. Art Meyers (Partner) at Seyfarth Shaw LLP will be our first speaker. Congress passed significant tax legislation in 2004 that strictly regulates deferred compensation in response to perceived abuses at companies such as Enron. The term "deferred compensation" has been broadly defined by Treasury to include virtually any compensation that is earned in one year but paid in another. Fortunately, employers have been given an extension until 12/31/06 to amend documents but the arrangements must still satisfy 409A in operation now (good faith compliance standard). We will take a second look at the new deferred compensation rules and discuss what it means to have 409A compliant plans. Topic #2: The SEC’s New Executive Compensation Disclosure Proposals. Mike Andresino with Posternak Blankstein & Lund LLP will be our second speaker. The SEC has just proposed sweeping changes to its rules governing disclosure of executive compensation. The proposed rules would re-organize compensation disclosures under three broad categories: compensation over the past 3 years, outstanding equity awards, and retirement and severance benefits. There would be a new plain-English “Compensation MD&A” to replace the existing compensation committee report, and the new tables would foot to a single, total compensation number. The SEC also proposes to overhaul disclosure of director compensation, independence, related-party transactions, stock ownership, and other governance matters. Finally, they would attempt to clarify the confusing state of 8-K compensation disclosure.
Location:Westin Hotel in Waltham, MA. Directly off Route 128. 70 Third Avenue Waltham, MA 02451 Phone: (781) 290-5600
Contact:Peter Karle, Fidelity Stock Plan Services LLC
Description:The February month's event will be sponsored by Fidelity Stock Plan Services LLC and will include a complimentary breakfast. There are no fees for attending the meeting. No shows will be charged $25.
More Information:
Date and Time:1/10/2006 8:30 am - 11:30 am
Event: "Performance Metrics: Executive Incentives in the New Environment" presented by Jill Hemphill and Mike Lennartz of PricewaterhouseCoopers
Topic: The trend in equity/long-term incentives has shifted away from stock options towards full value shares with performance conditions. Drivers for this change include FAS 123R stipulations, institutional investor/proxy advisory firm concerns over equity dilution, the failure (both real and perceived) of stock options to create sustainable value for shareholders, and the recent intense regulatory and public scrutiny of executive compensation packages. Still, there is exciting potential for the new performance-based plans when properly aligned with shareholder value and key non-market conditions. We'll take a look at the challenges today for defining the types of performance metrics that best align with shareholder value. We'll discuss methodologies and resources for uncovering key performance metrics, testing value drivers with the strongest value linkage against other key criteria, and construct matrices to evaluate driver impact against these important criteria. Identifying the right performance metrics is only half the challenge. Once they are defined and anchor a plan's framework, how do you go about establishing reasonable and measurable performance targets? There are several basic approaches, and we'll compare and contrast three of them, looking at their risks and rewards: The Budget-Based Approach - the most widely accepted and understood, The Relative performance approach - evaluating performance relative to a peer group/index, and the Investor expectations approach - the most strongly aligned with shareholder value.
Location: Westin in Waltham, MA, directly off Route 128
Contact:Peter Karle, Fidelity Stock Plan Services LLC
Description: The event for the month of Januarty is being sponsored by Fidelity Stock Plan Services LLC and will include complimentary breakfast. There are no fees for attending the meeting.
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Date and Time:10/5/2005 8:30am - 11:00 am
Event:Boston NASPP Chapter Meeting for October 2005
Topic:(1) “Stretching Your Equity Compensation Dollar: Reducing the FAS123(R) Expense of Global Stock Plans.” Presentation given jointly by Charles Schwab & Deloitte Touche LLP. The concept of charging the overseas subsidiaries for the stock plan benefits recognized by their employees has been around for some time. However, under FAS123R (and FAS123), this type of arrangement can have an additional benefit: the reduction of the stock compensation expense. As a result, there has been a renewed focus on chargeback arrangement. The session begins with an overview of tracking Deferred Tax Assets (DTA) and calculating the FAS123(R) Additional Paid in Capital (APIC) pool for U.S.-based employees; then address tax issues for employees based outside of the U.S., and the practical aspects related to corporate structures and implementation requirements and pitfalls. The audience will get an understanding of the concepts behind and the building blocks for a chargeback arrangement and how it can benefit a company. They will also understand where it would not benefit a company, along with implementation requirements and common problems to anticipate. This topic is considered a must-attend if you have international employees and/or are working through the throes of APIC and/or DTA. (2) “Executive Pay at a Turning Point: The  Future of Stock Based Compensation”  Presentation given by Watson Wyatt Worldwide.  The presentation will focus on marketplace trends and prevalent practices with respect to executive pay and stock-based incentives .  Beginning with a review of the most recent 2005 proxy season, the presentation will address how companies are responding to the new stock option expensing rules, increased activism by institutional investors and their advisors, and the expectation of new disclosure requirements from the SEC.  This session will explore the many facets of a key decision point for companies: whether to continue with stock options and, if not, what alternatives most effectively meet key objectives.  Additionally, this session will explore alternative program designs and methods for promoting an ownership culture throughout the organization.  Beyond stock incentive design and delivery, this presentation will cover key areas of focus for the Compensation Committee, including pay and performance relationships, termination scenario analysis and tally sheets.
Location:Location and Directions: Same as the last time … The Newton Marriott located at 2345 Commonwealth Avenue, Newton, MA 02466. The meeting is at the cross-roads of the Mass Pike and Route 128/95. Situated on the banks of the Charles River and located at the intersection of Rt. 128/95 and the Mass Pike, the Boston Marriott Newton is 15 minutes from downtown Boston and 5 minutes from the Waltham Business District. If you get lost or need to re-confirm your directions, call the hotel and they will guide you in, (617) 969-1000.
Contact:Peter Karle, CFA
Description:Continuing education credits for attending the meeting is available for stock plan administrators who are Certified Equity Professionals as well as for accountants seeking credits through the National Association of State Boards of Accountancy.
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Date and Time:2/15/2005 8:30 a.m. - 11:15 a.m. EST
Event:FAS123R Final Statement & Panel Discussion to follow with representatives of PwC, E&Y, and Deloitte & Touche
Topic:Recently, the Financial Accounting Standards Board (FASB) published FAS 123(R) -superseding APB Opinion 25 and revising FAS 123-requiring companies to recognize expense for employee share-based payments in their financial statements. To help you understand the impact of FAS 123(R), we will be providing a summary review of what impacts this new standard will have for publicly traded firms. A presentation by PricewaterhouseCoopers will be followed by an expert panel discussion and to include Q&A on the topic. Topic areas will include: (a) FAS123 versus the Exposure Draft versus FAS123R, (b) Impacts to Option, ESPP and other forms of equity compensation, (c) Transition Alternatives including both the Modified Prospective Application (MAP) and the Modified Retrospective Application (MRA), and finally, (d) Planning Considerations and Practical Tips will be discussed.
Location:NEW location for us ... The Newton Marriott located at 2345 Commonwealth Avenue, Newton, MA 02466, (617) 969-1000. We are shifting this month's meeting to the cross-roads of the Mass Pike and Route 128/95. Situated on the banks of the Charles River and located at the intersection of Rt. 128/95 and the Mass Pike (I 90), the Boston Marriott Newton is 15 minutes from downtown Boston and 5 minutes from the Waltham Business District. Here is a link to the hotel http://marriott.com/property/propertypage/BOSNT
Contact:Peter Karle, CFA
Description:
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Date and Time:9/23/2004 8:30am to 11:30a.m.
Event:Boston Chapter NASPP Meeting (Register with meeting coordinator Virginia O'Neil through link in attached announcement below)
Topic:Two presentations: 1. Understanding the Binomial Lattice Model-Peter Suzman, Smith Barney 2. What You Should Know About Exercise Behavior and Lattice-Based Option Valuations-Mark Clem, Charles Schwabb, and Heidi Toppel from Watson Wyatt
Location:Palmer & Dodge LLP 111 Huntington Avenue at The Prudential Center Boston, MA 02199
Contact:Art Meyers
Description:Due to building security precautions, you must register in advance.
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