Tag: split

Split SEC OKs Plan To Toughen Shareholder Proposal Rules

Law360 (September 23, 2020, 8:08 PM EDT) — A divided Securities and Exchange Commission on Wednesday agreed to impose stiffer requirements for shareholders seeking to submit ballot proposals, drawing rebukes from critics who argue the changes favor corporate executives at the expense of investors.

By a 3-2 vote, the SEC enacted rules that raise thresholds affecting the ability of shareholders to submit new proposals or resubmit proposals that have previously failed. The SEC majority supporting the move, all of whom fill Republican seats, described the changes as modest fixes to outdated rules that have not been updated since 1998 and 1954, respectively.

Supporters also said the new 195-page rule reflects…

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Aimco To Split Its Business Into Two Publicly Traded Companies – Quick Facts

(RTTNews) – Apartment Investment and Manaement Co. or Aimco (AIV) announced Monday its plan to separate its business into two, separate and distinct, publicly traded companies, Apartment Income REIT or AIR and Aimco.

AIR, a newly formed, self-managed real estate investment trust will provide a simple and transparent way to invest in the multi-family sector: ownership with public market liquidity of a diversified portfolio of apartment communities, with low financial leverage, limited execution risk, best-in-class operations, and sector low management costs.

Meanwhile, Aimco will retain its growing business of developing and redeveloping apartment communities while also pursuing other accretive transactions.

A vote of the Aimco shareholders is not required in connection with the spin-off and after completion of the transaction Aimco shareholders will own shares in two separate and distinct companies: Aimco and AIR.

The decision was based on a longer-term strategic review by management and made through a highly

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As Jacobsen Rugs nears 100-year mark, staff is split on carpet business future (video)

SYRACUSE, N.Y. — Brent Goodsell began selling fine imported carpets at Jacobsen Rugs in 1976.



a room filled with furniture and a large window: Many rolls of rugs for sale at Jacobsen Rugs in Syracuse.


© Katrina Tulloch | ktulloch@syracuse.com/Katrina Tulloch/syracuse.com/TNS
Many rolls of rugs for sale at Jacobsen Rugs in Syracuse.

Back then, he was one of 25 Jacobsen staffers showing handwoven rugs to buyers in the Dey Brothers department store. Thick seller logs from the 1970s and ’80s showed large daily sales. Some logs listed dozens of customers in one day, each paying thousands of dollars. Business was strong.



clothes hanging on a wall: Jacobsen Rugs keeps many different yarns and threads to make small carpet repairs in-house.


© Katrina Tulloch | ktulloch@syracuse.com/Katrina Tulloch/syracuse.com/TNS
Jacobsen Rugs keeps many different yarns and threads to make small carpet repairs in-house.

Today, Jacobsen Rugs has a staff of four and the sale logs are thin. The last decade has been peppered by start-and-stop announcements of the shop’s final days.



a room with a large window: Many rolls of rugs for sale at Jacobsen Rugs in Syracuse.


© Katrina Tulloch | ktulloch@syracuse.com/Katrina Tulloch/syracuse.com/TNS
Many rolls of rugs for sale at Jacobsen Rugs in Syracuse.

In 2010, Jacobsen held

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