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Steven D. Kittrell

Partner

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Practices
Industries
Education
  • Georgetown University Law Center, LLM, Tax, 1981
  • The George Washington University Law School, JD, cum laude, 1978
  • Baylor University, BA, cum laude, 1974
Admissions
  • District of Columbia
  • Maryland
  • U.S. Court of Federal Claims
  • U.S. Supreme Court
  • U.S. Tax Court
Affiliations

Member, Section of Taxation, District of Columbia Bar Association

Member, Sections of General Practice and Tax, 1978-present; Chairman, Committee on Domestic Relations Tax Problems, Section of Taxation, 1984-1986, American Bar Association

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Steve is managing partner of the Washington office and former chair of the tax and employee benefits practice. He represents a variety of public and private clients on executive compensation, qualified retirement plans, and related benefits matters.

Steve’s practice focus is on executive compensation and retirement plans. He advises management and boards of directors about the tax, securities, and corporate aspects of compensation arrangements, including equity incentive plans, performance compensation, executive employment contracts and SERPs. His work includes representation of compensation committees. Steve also assists clients in design and compliance for retirement plans, including defined benefit plans.

Steve is a member of the American Bar Association Section of Taxation. In addition, he has taught classes on executive compensation, ESOPs and legal compliance for 403(b) retirement plans. While earning his law degree from George Washington University National Law Center, Steve served as a legislative assistant to Senator Bob Dole.

For more than 15 years, Steve has volunteered as a supervisor for DC EITC, a program providing free tax preparation for low income residents of the Washington DC area.

Working with my clients to balance the interests of the company, executives and investors while complying with multiple legal requirements makes our executive compensation representations very rewarding personally and professionally.
vCard
T: +1 202 857 1701F: +1 202 828 2975skittrell@mcguirewoods.com2001 K Street N.W.
Suite 400
Washington, DC 20006-1040

Representation of new public company created in spinoff in establishing executive compensation program, qualified retirement plan structure, and welfare benefits programs.

Representation of Fortune 100 company on executive compensation matters, including securities law compliance and advice for compensation committee.

Representation of CEO of Fortune 100 company on employment agreement and later separation agreement.

Advice on design and implementation of several cash balance conversions of defined benefit plans while obtaining favorable IRS determinations with no employee litigation.

Representation of private equity owned company in redesign and cost control of retirement and retiree health plans as part of investor exit transaction.

Selected for inclusion in The Best Lawyers in America, Employee Benefits Law, Woodward/White, Inc., 2005-2013

Named to “Washington, D.C. Super Lawyers," Employee Benefits/ERISA, Super Lawyers, Thomson Reuters, 2013

Selected for inclusion in Marquis Who’s Who, 1985-2012

AV Rating, Martindale Hubbell

Co-author, "Compensation Committees," BNA Corporate Practice Portfolio, 2008-present
Speaker, Benefits Law and Regulation: What More is Coming in 2013?, Bloomberg BNA Webinar, May 2, 2013
Speaker, Impact of the 2012 Elections on Employee Benefits and Executive Compensation, Bloomberg BNA Webinar, November 13, 2012
Presenter, "Say-on-Pay: How 2011 Experiences Will Affect the 2012 Proxy Season," Thompson Reuters, December 7, 2011
Presenter, "Say-on-Pay: Getting it Right," Thompson Reuters, June 27, 2011
Presenter, "The Shifting Ground of Executive Compensation Disclosure," Virginia Bar Association, October 20, 2009
Proposed Rules Issued on 90-Day Waiting Period Limitation for Health Benefits: McGuireWoods Healthcare Reform Guide: Installment No. 31, April 2, 2013
The “Play-or-Pay” Provisions of Healthcare Reform: IRS Guidance for Employers and Individuals: McGuireWoods Healthcare Reform Guide: Installment No. 29, February 11, 2013
IRS Announces 2013 Inflation Adjustments to Amounts Excludable as Transportation and Adoption Benefits, January 16, 2013
Year-End Tax Bill Provides Extensions and Expansions of Various Employee Benefits, January 7, 2013
Wellness Program Rewards Expanded Under Affordable Care Act : McGuireWoods Healthcare Reform Guide: Installment No. 26, December 6, 2012
Reminder: Section 409A “Release-Timing” Issues Must be Addressed by Dec. 31: And Other Year-End Compensation-Planning Issues, November 29, 2012
Pension Plan Funding Stabilization Finally Here under MAP-21 Law, July 16, 2012
SEC Adopts Compensation Committee Independence Rules and Sets September Deadline for SROs to Develop Specific Standards, July 2, 2012
401(k) Fee Suit Yields Big Judgment Against Plan Sponsor and Others, May 18, 2012
Favorable IRS Ruling on Tax Deductions for Bonus Pool Arrangements, November 23, 2011
Employee Release Provisions Present Section 409A Trap for the Unwary, August 31, 2011
SEC Delays Some Dodd-Frank Executive Compensation Rules, August 2, 2011
Effective Date Delayed for CFTC Swap Rules Affecting Retirement Plans, July 21, 2011
Clarifications Proposed to Million Dollar Compensation Deduction Limit, July 6, 2011
FBAR Deadline Extended for Some 2009 and Earlier Filings, June 17, 2011
SEC Proposes Rules Implementing Compensation Committee Independence Requirements, April 28, 2011
Financial Institutions Face New Regulation of Incentive Compensation, March 8, 2011
Benefit Plans with Foreign Financial Accounts Must File FBAR Reports, March 4, 2011
SEC Finalizes Say-on-Pay Rules, January 31, 2011
IRS Expands Relief for Section 409A Document Corrections, December 16, 2010
McGuireWoods Provides Comments to SEC on Say-on-Pay Proposals, November 23, 2010
Proposed DOL Regulations Expand Definition of 'Fiduciary' Related to Investment Advice, November 4, 2010
SEC Proposes Rules for Say-on-Pay, Say-on-Frequency and Say-on-Golden-Parachute Votes, October 21, 2010
SEC Adopts Mandatory Proxy Access for Shareholders, August 26, 2010
An Overview for Plan Sponsors and Fiduciaries of the New Requirements for Service Provider Arrangements, August 26, 2010
President Signs Pension Relief Bill: Funding Help but at a Cost, July 22, 2010
The Financial Reform Legislation's Impact on Executive Compensation, July 13, 2010
State Corporate Law Changes Reflect Current Governance Issues, July 1, 2010
Health Benefit Tax Exclusion for Adult Children: McGuireWoods Healthcare Reform Guide: Installment No. 3, April 28, 2010
Grandfathered Health Plans – What They Are and Why They're Important: McGuireWoods Healthcare Reform Guide: Installment No. 2, April 23, 2010
Corporate Governance Landscape Changes Again, March 19, 2010
2009-2010 Corporate Governance Reforms, February 26, 2010
Equity Compensation Update: New Rules for ESPPs and Reporting ISO and ESPP Share Transactions, January 29, 2010
New Section 409A Document Correction Program Announced, January 8, 2010
SEC Adopts Revised Executive Comp and Governance Disclosure Amendments for 2010, January 4, 2010
Treasury Corrects Rules on TARP Executive Compensation Restrictions, December 17, 2009
Executive Compensation: 2009 Year-End Update, December 1, 2009
Assistance for Pension Plan Funding Election Due September 30, 2009, September 28, 2009
Corporate Governance Reform: Top 10 Suggestions to Help You Prepare, August 19, 2009
SEC Proposes New Executive Compensation and Governance Disclosures, July 16, 2009
Mandatory Proxy Access for Shareholders Proposed by SEC, June 30, 2009
Treasury Announces Long-Awaited Executive Compensation and Corporate Governance Standards for TARP Recipients, June 12, 2009
"Say on Pay" Rules Embraced by Treasury, June 10, 2009
New 457A Tax Rules Overview: Nonqualified Deferred Compensation Plans, June 5, 2009
Employee Benefits in an Excess Benefit Transaction Analysis, April 23, 2009
Section 409A Transition Relief May Still Be Available for "Non-Vested" Amounts, April 6, 2009
Stimulus Bill Contains Strict New Executive Compensation Restrictions for TARP Participants, February 17, 2009
Defined Contribution Plans May Skip 2009 Minimum Required Distributions, February 12, 2009
Treasury Department Releases New Executive Compensation Guidelines Under TARP, February 6, 2009
IRS Expands Relief for Section 409A Operational Failures, January 16, 2009
IRS and Treasury Release Proposed Section 409A Income Inclusion Regulations and Related Guidance, December 11, 2008
Split-Dollar Life Insurance Arrangements Need to be Reviewed for Section 409A Compliance by December 31, 2008, December 5, 2008
Highlights of Treasury Department Guidance on Executive Compensation Restrictions in the Emergency Economic Stabilization Act of 2008, October 17, 2008
U.S. Treasury Department Announces Proposed Implementation of Executive Compensation Restrictions Under the Emergency Economic Stabilization Act of 2008, October 14, 2008
Employee Benefit Changes Included in Financial Bailout Law, October 8, 2008
403(b) Regulations: Compliance Deadline Looms at End of 2008, August 14, 2008
Year-End Deadline Looms for Section 457(f) Plan Amendments, June 6, 2008
IRS Affirms Controversial Section 162(m) Position But Provides Helpful Transition Period, February 22, 2008
IRS Reverses Position on Performance-Based Exemption to 162(m): Employer Deductions in Doubt, February 1, 2008
IRS Announces Limited Correction Program for Section 409A Operational Failures, January 8, 2008