[Federal Register Volume 77, Number 18 (Friday, January 27, 2012)]
[Page 4324]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-1866]



Revised Jurisdictional Thresholds for Section 8 of the Clayton 

AGENCY: Federal Trade Commission.

ACTION: Notice.


SUMMARY: The Federal Trade Commission announces the revised thresholds 
for interlocking directorates required by the 1990 amendment of Section 
8 of the Clayton Act.

DATES: Effective Date: January 27, 2012.

FOR FURTHER INFORMATION CONTACT: James F. Mongoven, Federal Trade 
Commission, Bureau of Competition, Office of Policy and Coordination, 
(202) 326-2879, Room NJ 7115, 600 Pennsylvania Avenue NW, Washington, 
DC 20580.

SUPPLEMENTARY INFORMATION: Section 8 of the Clayton Act, as amended in 
1990, prohibits, with certain exceptions, one person from serving as a 
director or officer of two competing corporations if two thresholds are 
met. Competitor corporations are covered by Section 8 if each one has 
capital, surplus, and undivided profits aggregating more than 
$10,000,000, with the exception that no corporation is covered if the 
competitive sales of either corporation are less than $1,000,000. 
Section 8(a)(5) requires the Federal Trade Commission to revise those 
thresholds annually, based on the change in gross national product. The 
new thresholds, which take effect immediately, are $27,784,000 for 
Section 8(a)(1), and $2,778,400 for Section 8(a)(2)(A).

    Authority:  15 U.S.C. 19(a)(5).

    By direction of the Commission.
Donald S. Clark,
[FR Doc. 2012-1866 Filed 1-26-12; 8:45 a.m.]