What Is Schedule TO? Schedule TO is a regulatory filing with the Securities and Exchange Commission (SEC) required of a party that makes a tender offer under the Securities Exchange Act of 1934 that would result in more than 5% ownership of a class of the company’s securities. The tender offer statement is governed by section 14(d)(1) or 13(e)(1) of
What Is a Schedule TO-C? A schedule TO-C is filed with the Securities Exchange Commission (SEC) when any written communications take place relating to a tender offer. Schedule TO-C is a subset of the Schedule TO filing—also referred to as a tender offer statement. Key Takeaways A schedule TO-C is filed with the Securities Exchange Commission
What Is Supply Chain Management (SCM)? Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products. It involves the active streamlining of a business’s supply-side activities to maximize customer value and gain a competitive advantage in the marketplace. Key Takeaways Supply chain
What Is Scrambled Assortment? Scrambled assortment is a strategy in which a company carries products outside of its primary line of business in order to attract more customers. The logic behind a scrambled assortment strategy is to reasonably serve as many customers as possible by giving them as many options as possible. In other words, a
What Is Scrap Value? Scrap value is the worth of a physical asset’s individual components when the asset itself is deemed no longer usable. The individual components, known as scrap, are worth something if they can be put to other uses. Sometimes scrap materials can be used as-is and other times they must be processed
What Is the Santiago Stock Exchange (SSE)? The Santiago Stock Exchange (SSE) is the premier stock exchange of Chile. Located in Santiago, the SSE trades more than $2 billion each day in stocks, bonds, investment funds, and derivatives, along with gold and silver Chilean coins. Its goal is to provide the nation with growth in
What Is the São Paulo Stock Exchange? The São Paulo Stock Exchange is a stock and over-the-counter market based in Sao Paulo, Brazil. Founded in 1890 as Bolsa de Valores de São Paulo (BOVESPA), it is now part of B3 SA or Brasil, Bolsa, Balcão. B3 was formed following the 2008 merger of the exchange with the Brazilian
What Are the Statutory Accounting Principles (SAP)? The Statutory Accounting Principles (SAP) are a set of accounting regulations prescribed by the National Association of Insurance Commissioners (NAIC) for the preparation of an insurance firm’s financial statements. The overarching objective of SAP is to assist state regulators in monitoring the solvency of insurance companies. Key Takeaways The Statutory
What Are Stock Appreciation Rights? Stock appreciation rights (SARs) are a type of employee compensation linked to the company’s stock price during a predetermined period. SARs are profitable for employees when the company’s stock price rises, which makes them similar to employee stock options (ESOs). However, employees do not have to pay the exercise price
What Is the Sarbanes-Oxley (SOX) Act of 2002? The Sarbanes-Oxley Act of 2002 is a law the U.S. Congress passed on July 30 of that year to help protect investors from fraudulent financial reporting by corporations. Also known as the SOX Act of 2002, it mandated strict reforms to existing securities regulations and imposed tough
