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Re: louisa post# 30451

Sunday, 03/20/2011 8:07:06 PM

Sunday, March 20, 2011 8:07:06 PM

Post# of 92948
louisa, I believe ACT has followed the SEC disclosure rules on setting up CC to make public what they choose, jmo.

Compliance and Disclosure Interpretations: Regulation FD Jun 4, 2010

Question 102.01

Question: If an issuer wants to make public disclosure of material nonpublic information under Regulation FD by means of a conference call, what information must the issuer provide in the notice and how far in advance should notice be given?

Answer: An adequate advance notice under Regulation FD must include the date, time, subject matter and call-in information for the conference call. Issuers also should consider the following non-exclusive factors in determining what constitutes adequate advance notice of a conference call:

Timing: Public notice should be provided a reasonable period of time ahead of the conference call. For example, for a quarterly earnings announcement that the issuer makes on a regular basis, notice of several days would be reasonable. We recognize, however, that the period of notice may be shorter when unexpected events occur and the information is critical or time sensitive.

Availability:
If a transcript or re-play of the conference call will be available after it has occurred, for instance via the issuer's website, we encourage issuers to indicate in the notice how, and for how long, such a record will be available to the public. [Aug. 14, 2009]
http://www.sec.gov/divisions/corpfin/guidance/regfd-interp.htm

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