Form 8-K Disclosure and Exhibit Filing Requirements Regarding Director and Executive Compensation

March 3, 2005

The McDermott Securities and Executive Compensation Practice Groups have written for our U.S. public company clients a memo with regard to certain complex disclosure issues related to management compensation reportable in "real time" on the SEC's revised Form 8-K.

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McDermott Will & Emery

McDermott Will and Emery