Corporate And Financial Weekly Digest - May 25, 2012

Edited by Robert L. Kohl and David A. Pentlow

SEC/CORPORATE

NYSE's Modified Listing Standards For EGCs; Advisory Committee Proposes Change to NYSE Proxy Distribution Fees

The Jumpstart Our Business Startups Act (the JOBS Act) provides, among many other things, that a company which qualifies as an emerging growth company (EGC) may chose to include only two years of audited financial data in the registration statement for its initial equity public offering rather than three years of audited financial data that would have been required previously. Moreover, for as long as a company remains an ECG, it is not required to file selected financial data for any period prior to the earliest period for which it included audited financial statements in its initial public offering registration statement.