[Federal Register Volume 68, Number 208 (Tuesday, October 28, 2003)]
[Notices]
[Page 61532]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: C3-27137]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-48627A; File No. SR-NASD-2003-130]


Self-Regulatory Organizations; Notice of Filing and Order 
Granting Accelerated Approval of a Proposed Rule Change and Amendment 
Nos. 1 and 2 Thereto by the National Association of Securities Dealers, 
Inc. Relating to Amendments to Its Recently Adopted Rules Regarding 
Shareholder Approval for Stock Option or Purchase Plans or Other Equity 
Compensation Arrangements

October 22, 2003.

Correction

    In FR Document No. 03-26588, beginning on page 60426 in the issue 
for Wednesday, October 22, 2003, the proposed rule text for proposed 
NASD Rule 4350(i)(1)(A)(iv) did not accurately reflect the current rule 
text of the rule being amended. Proposed NASD Rule 4350(i)(1)(A)(iv) 
should read as follows:
    (iv) issuances to a person not previously an employee or director 
of the company, or following a bonafide period of non-employment, as an 
inducement material to the individual's entering into employment with 
the company, provided such issuances are approved by either the 
issuer's independent compensation committee [comprised of a majority of 
independent directors] or a majority of the issuer's independent 
directors. Promptly following an issuance of any 2 employment 
inducement grant in reliance on this exception, a company must disclose 
in a press release the material terms of the grant, including the 
recipient(s) of the grant and the number of shares involved.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\1\
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    \1\ 17 CFR 200.30-3(a)(12).
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Margaret H. McFarland,
Deputy Secretary.
[FR Doc. C3-27137 Filed 10-27-03; 8:45 am]
BILLING CODE 8010-01-P