Drafting Stockholder Agreements, Part 1



  • Presentation Date 6/11/2024
  • Class Time 12:00 PM CT
  • Duration 60 min.
  • Format Webcast
  • Program Code 123477-105023
  • General Credits: 1.00 hr(s)

Price: $85.00

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Drafting Stockholder Agreements, Part 1

Stockholders’ agreements can make or break a closely held company.  Voting control is allocated, distribution policies established, buy-sell mechanisms defined, and the relationship of the owners organized.  Most of the big decisions of a closely held company are made in the stockholders’ agreement. In the context of S Corporations, these agreements take on even more importance in the form of various restrictions to ensure the corporation does not lose its pass-through status for federal income tax purposes. This program will provide you with a guide to planning and drafting the most essential provisions of stockholders’ agreements for C and S corporations. 

Day 1 – June 11, 2024:

  •          Practical uses of stockholders’ agreements
  •          Management and voting rights – what events trigger a vote and by whom         
  •          Economic rights – distributions, taxes, and liquidations
  •          Information rights – access to operational, financial and tax information


Day 2 – June 12 2024:

  •          Restrictions on transferability and mechanisms to buy/sell restricted stock
  •          Valuation methodologies for stock that does not have a liquid market
  •          Protective provisions for S Corps – preventing transfers to ineligible holders
  •          Provisions for approving the termination an S Corp election
  •          Close corporations and the ability to govern the company without a board of directors



Frank Ciatto is a partner in the Washington, D.C. office of Venable, LLP, where he has 20 years’ experience advising clients on mergers and acquisitions, limited liability companies, tax and accounting issues, and corporate finance transactions.  He is a leader of his firm’s private equity and hedge fund groups and a member of the Mergers & Acquisitions Subcommittee of the ABA Business Law Section.  He is a Certified Public Accountant and earlier in his career worked at what is now PricewaterhouseCoopers in New York.  Mr. Ciatto earned his B.A., cum laude, at Georgetown University and his J.D. from Georgetown University Law Center.

Molly Merritts is an attorney in the Washington, D.C. office of Venable, LLP, where she focuses her practice on a wide range of corporate law matters, including mergers and acquisitions, debt and equity financing, and real estate investment trusts. She also advises clients on corporate governance matters, transactional and commercial contract negotiations, and corporate reorganizations.  Ms. Merritt earned her B.S. from the University of Maryland, and her J.D. from the University of Virginia School of Law.




Disclaimer:  All views or opinions expressed by any presenter during the course of this CLE is that of the presenter alone and not an opinion of the Oklahoma Bar Association, the employers, or affiliates of the presenters unless specifically stated. Additionally, any materials, including the legal research, are the product of the individual contributor, not the Oklahoma Bar Association. The Oklahoma Bar Association makes no warranty, express or implied, relating to the accuracy or content of these materials.