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Your business is moving fast. You need to assess new developments quickly, determine if they apply to your business, and act accordingly. The Ticker is designed to focus your attention on key developments in the areas of SEC compliance, capital markets, corporate governance, executive compensation and other matters important to public companies and their officers and directors. Below are summaries of recent developments in these areas.
Last week, Tesla Motors announced its bid for SolarCity in a blog on its company website, rather than by press release through an established newswire. This continues a trend toward the use of social media and other company channels for the release of material news as permitted by the SEC. This evolving practice may be best suited to well-followed companies. In the case of Tesla, major news outlets picked up and further disseminated the announcement soon after Tesla’s blog post, and both Tesla and SolarCity filed a Form 8-K. Read the Tesla blog post. Read about Goldman Sachs’ use of Twitter to announce its earnings and more about the use of social media to satisfy Regulation FD. Read about the NYSE’s requirements for the release of material news.