ALERT – SEC Adopts Pay Versus Performance Disclosure Rules

September 1, 2022

To our clients and friends:

The Securities and Exchange Commission recently adopted regulations that will require extensive disclosure comparing executive compensation to financial performance. The new regulations are effective for the upcoming 2023 annual meeting season.

Our Alert regarding the new provision is available here.

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ALERT – Inflation Reduction Act Stock Repurchase Tax

August 26, 2022

To our clients and friends:

The Inflation Reduction Act, which was recently signed into law, includes a new excise tax on stock repurchases made by certain corporations. The new excise tax is effective for stock repurchased after December 31, 2022.

Our Alert regarding the new provision is available here.

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Luse Gorman is Legal Counsel to East Wisconsin Savings Bank on its Proposed Merger with Lake City Federal Bank

August 24, 2022

On August 23, 2022, East Wisconsin Savings Bank, Kaukauna, Wisconsin, announced the signing of a definitive agreement with Lake City Federal Bank, Lake City, Minnesota, pursuant to which East Wisconsin will acquire Lake City through a merger between the two mutually owned organizations. Following the completion of the transaction, East Wisconsin will remain 100% mutually owned.

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