SEC Charges NIC Inc. and Four Executives for Failing to Disclose CEO Prerequisites

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A recent Securities and Exchange Commission enforcement action against Kansas-based NIC Inc. and four of its executives should serve as a reminder to public companies that they may face SEC action for failing to disclose or inadequately disclosing the perquisites or personal benefits received by named executive officers and directors. As a result, public companies in the midst of proxy season should re-examine their controls and procedures to ensure proper disclosure of perquisites and personal benefits.

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Womble Carlyle Sandridge & Rice, LLP on:

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