Representative Matter

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Practices

CEO approaching retirement

Assisted long-serving CEO approaching retirement with design and implementation of a transition program. Working with the board and management, developed structure that balanced the needs of the company and the potential concerns of the investment community. The implementation of the transition program included a post-retirement consulting arrangement, securities filings to disclose the various steps in the process, structuring benefits and an employment contract for the new CEO, board and compensation committee documentation of the process, and the description of the transition program in the proxy.