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The Dolan Company Message Board

  • beginvestor beginvestor Jan 10, 2014 5:52 PM Flag

    Interesting FORM 3 out tonight - INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIESM

    INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIESM

    1. Name and Address of Reporting
    Person*
    Nystrom Kevin J

    Chief Restructuring Officer

    LIMITED POWER OF ATTORNEY FOR
    SECTION 16 REPORTING OBLIGATIONS
    Know all by these presents, that the undersigned hereby makes,
    constitutes and appoints each of Renee L. Jackson and Kelly J. Jacobus,
    acting singly, as the undersigned's true and lawful attorneys in fact,
    each with full power and authority as hereinafter described on behalf
    of and in the name, place and stead of the undersigned to:
    (1) prepare, execute, acknowledge, deliver and file Forms 3, 4,
    and 5 (including any amendments thereto) with respect to the
    securities of The Dolan Company, a Delaware corporation (the
    "Company"), with the United States Securities and Exchange
    Commission, any national securities exchanges and the Company,
    as considered necessary or advisable under Section 16(a) of
    the Securities Exchange Act of 1934 and the rules and
    regulations promulgated thereunder, as amended from time
    to time (the "Exchange Act");
    (2) seek or obtain, as the undersigned's representative
    and on the undersigned's behalf, information on transactions
    in the Company's securities from any third party, including
    brokers, employee benefit plan administrators and trustees,
    and the undersigned hereby authorizes any such person to
    release any such information to the undersigned and
    approves and ratifies any such release of information; and
    (3) perform any and all other acts which in the discretion
    of such attorneys in fact are necessary or desirable for and
    on behalf of the undersigned in connection with the foregoing.
    The undersigned acknowledges that:
    (1) this Power of Attorney authorizes, but does not require,
    such attorneys in fact to act in their discretion on information
    provided to such attorneys in fact without independent verification
    of such information;
    (2) any documents prepared and/or executed by such
    attorneys in fact on behalf of the undersigned pursuant to
    this Power of Attorney will be in such form and will contain
    such information and disclosure as such attorneys in fact,
    in her discretion, deems necessary or desirable;
    (3) neither the Company nor such attorneys in fact
    assumes (i) any liability for the undersigned's responsibility
    to comply with the requirement of the Exchange Act, (ii) any
    liability of the undersigned for any failure to comply with
    such requirements, or (iii) any obligation or liability of
    the undersigned for profit disgorgement under Section 16(b)
    of the Exchange Act; and
    (4) this Power of Attorney does not relieve the undersigned
    from responsibility for compliance with the undersigned's
    obligations under the Exchange Act, including without limitation
    the reporting requirements under Section 16 of the Exchange Act.
    The undersigned hereby gives and grants the foregoing
    attorneys in fact full power and authority to do and perform all
    and every act and thing whatsoever requisite, necessary or
    appropriate to be done in and about the foregoing matters as
    fully to all intents and purposes as the undersigned might or
    could do if present, hereby ratifying all that such
    attorneys in fact of, for and on behalf of the undersigned,
    shall lawfully do or cause to be done by virtue of this
    Limited Power of Attorney.
    This Power of Attorney shall remain in full force
    and effect until revoked by the undersigned in a signed writing
    delivered to such attorneys in fact.
    IN WITNESS WHEREOF, the undersigned has caused this
    Power of Attorney to be executed as of this 10th day of
    January, 2014.
    /s/ Kevin J. Nystrom
    Kevin J. Nystrom

    Sentiment: Strong Buy

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    • Can you translate? thx

      • 1 Reply to harboursnug
      • harboursnug, not totally sure, he may be getting stock or may want to purchase stock in the future. He has to file per the SEC if he is doing so. See definition below for an SEC Form 3 filing.

        Forms 3, 4, 5

        Corporate insiders – meaning a company's officers and directors, and any beneficial owners of more than ten percent of a class of the company's equity securities registered under Section 12 of the Securities Exchange Act of 1934 – must file with the SEC a statement of ownership regarding those securities. On August 27, 2002, the SEC adopted rules and amendments to Section 16 of the Exchange Act, implementing the provisions of the Sarbanes-Oxley Act of 2002 that accelerated the deadline for filing most insider ownership reports.

        The initial filing is on Form 3. An insider of an issuer that is registering equity securities for the first time under Section 12 of the Exchange Act must file this Form no later than the effective date of the registration statement. If the issuer is already registered under Section 12, the insider must file a Form 3 within ten days of becoming an officer, director, or beneficial owner.

        Changes in ownership are reported on Form 4 and must be reported to the SEC within two business days. You can find the limited categories of transactions not subject to the two-day reporting requirement in the new rule.

        Insiders must file a Form 5 to report any transactions that should have been reported earlier on a Form 4 or were eligible for deferred reporting. If a Form must be filed, it is due 45 days after the end of the company's fiscal year.

        Since June 30, 2003, the SEC has required insiders to submit forms electronically through the SEC's EDGAR system. (Prior to that date, insiders could choose, but were not required, to file electronically). The SEC also requires companies that maintain websites to now post the forms by the end of the next business day after filing them with the SEC.

        Sentiment: Strong Buy

 
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