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Compensation: Disclosures Reveal Coronavirus-Prompted Changes

By Randi Morrison posted 03-25-2020 09:38 PM

  

Equilar's instructive and informative post: "Companies Adjust Executive Pay Amid COVID-19" and accompanying "COVID-19 Disclosures" report identify numerous Form 8-K and proxy disclosures about compensation changes and other compensation decisions triggered by the coronavirus - replete with relevant excerpts, links to the underlying disclosure documents, and the firm's summary commentary. Emerging trends include CEO and other senior executive temporary pay reductions and suspensions, employee cash bonuses and special hardship funds, adjusted performance metrics, and bonus deferrals.

          See also these articles: "CVS adding 50,000 jobs, giving bonuses to workers during coronavirus" (USA Today) and "During Coronavirus Crisis, Big Companies Display Largess—but for How Long?" (WSJ); "Everything Should Be On The Table" from Pay Governance; "Recommendations for Compensation Committees During the COVID-19 Crisis" from Skadden; last week's report: "Coronavirus-Impacted Pay Plans: What to do Now?"; and additional resources here: Executive Pay, Employee CompensationThis post first appeared in the weekly Society Alert!

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