Greg Daugherty

Greg focuses his practice on executive compensation and employee benefits matters for publicly traded and privately held companies and nonprofit organizations. He has extensive experience assisting business owners with their succession planning needs through the implementation of employee stock ownership plans (ESOPs).

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New Statute Makes It Easier for the Small Business Administration to Lend to ESOPs

Every business owner must make a decision regarding what he or she will do with the business. If no family member is able or willing to assume ownership, an increasingly popular succession planning strategy has been to sell the business to an employee stock ownership plan (“ESOP”). ESOPs are popular in part because of the … Continue Reading

Tax Reform Will Affect Public Company Executive Compensation Arrangements and Related Proxy Statement Disclosures

By Dave Tumen and Greg Daugherty on January 16, 2018 Categories: Other Articles

While opinions on the Tax Cuts and Jobs Act (the “Act”) vary, one thing everyone can agree on is that it is a game changer in many areas of law and business. An example of that is how the Act affects executive compensation arrangements of publicly traded companies. The Act has amended Internal Revenue Code … Continue Reading

Here we go again: Does the DOL’s request for information regarding self-directed brokerage accounts mean new fee disclosure requirements are coming soon?

By Greg Daugherty and Porter Wright on October 23, 2014 Categories: ERISA

If you’re a fan of the tv show “The Simpsons,” you might remember an early episode where Homer Simpson launched a crusade against every public safety issue in the city. The result was practically every square inch of the town contained signs alerting people to every dip, pothole, and other nuisance on the roads. After … Continue Reading

Final IRS Regulations Issued on Restricted Stock Grants

By Greg Daugherty on April 21, 2014 Categories: Employment and Compensation Law, Tax Law

Restricted stock grants have been a popular executive compensation component for over a decade now. With a restricted stock grant, the employer gives shares of stock to the employee, but subject to two main conditions. One condition is a vesting condition, which generally requires the employee to remain continuously employed with the employer for a … Continue Reading

Public Companies May Need to Amend Stock Option Plans Soon to Qualify for Exception to $1 Million Compensation Deduction Limit

By Greg Daugherty on August 12, 2011 Categories: Community Banking

Publicly traded companies may need to act quickly to review, and, if necessary, amend their stock option and stock appreciation right ("SAR") plans in order to preserve tax deductions for compensation in excess of $1 million paid to certain executives. The reason for this review is that the Internal Revenue Service (the "IRS") and the United … Continue Reading

Wall Street Reform Legislation Requires Public Companies to Revise Clawback Policies

By Greg Daugherty on August 19, 2010 Categories: Bank Regulation

On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”). Although the Act focuses primarily on the financial industry, the Act contains a section that requires the Securities and Exchange Commission (“SEC”) to publish rules that direct the national securities exchanges and associations to prohibit … Continue Reading