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Re: madg post# 21857

Tuesday, 01/15/2019 12:24:52 PM

Tuesday, January 15, 2019 12:24:52 PM

Post# of 41011
Did you think I made the number up?

Notably, however, the new interps do not include any version of the old interp under former Item 404(b), which permitted nondisclosure of transactions between a company and a third party with which a director was affiliated, even if the value of the transactions exceeded the threshold of $60,000 (now $120,000), as long as the relationship was solely a business relationship that did not afford the director any special benefits and the amount involved did not exceed five percent of either the company's or the third party's consolidated gross revenues (the disclosure threshold under former Item 404(b)).

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