The securities laws prohibit trading in stock or other securities on the basis of material information that has not been disclosed to the public.
No one may trade in stock or other securities on the basis of undisclosed material information. Undisclosed material information might include sales and earnings figures, information about major contracts, stock splits, acquisitions or mergers, significant transactions, the sale of an associated company, the commencement of significant litigation, or new projects contemplated by the Company. There is a limited exception for purchasing stock according to standing instructions that meet certain requirements. An example would be a purchase of stock through the employee Stock Purchase Plan. The Company is proud that many of its Cast Members and employees are also its stockholders through the employee Stock Purchase Plan. The Company encourages its Cast Members and employees to continue to invest in its future by buying its stock. However, a Cast Member or employee may not purchase or sell the Company's stock, outside of the employee Stock Purchase Plan, when the Cast Member or employee has material information about the Company that has not been disclosed to the public. In addition, changes in a Cast Member's or employee's participation in the employee Stock Purchase Plan cannot be made while the Cast Member or employee enjoys or has undisclosed material information about the Company.
Securities Laws
The Company, and each Cast Member and employee acting on its behalf, will comply with the securities laws of the United States.
The Company's stock is publicly traded. The members of the public who invest in its stock expect that the Company and its Cast Members and employees will comply with the laws that govern the purchase and sale of securities of publicly traded companies.
No comments:
Post a Comment