Erik B.Lundgren

Partner

Chicago + 1.312.269.1599

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Erik Lundgren has 20 years of experience representing public companies in connection with executive and director compensation matters and in developing practical solutions to a variety of overlapping legal issues. He has represented clients ranging from smaller reporting companies to Fortune 500 companies and spanning a wide variety of industries.

Erik has extensive experience advising clients in the securities law and corporate governance aspects of executive compensation, including public disclosure and proxy statement requirements, equity and incentive compensation issues, Section 16 issues, stock exchange requirements, and ISS (Institutional Shareholder Services) and other proxy advisor policies. He also has represented issuers and underwriters in connection with initial public offerings (IPOs).

Erik is a frequent speaker on executive compensation, securities law, and corporate governance topics and also has lectured on executive compensation at the Northwestern University School of Law and Loyola University Chicago School of Law.

Experience

  • TotalEnergies completes PIPE investment in NextDecade Corporation and investment in $18.5 billion Rio Grande LNG ProjectJones Day represented TotalEnergies in connection with its PIPE investment in NextDecade Corporation and investment in the Rio Grande LNG (RGLNG) Project, a planned natural gas liquefaction project in South Texas.
  • Cibus combines with CalyxtJones Day advised Cibus Global, LLC (“Cibus”), a San Diego based leader in precision gene editing in agriculture, in connection with an all-stock merger with Calyxt, Inc. (NASDAQ: CLXT), under which Cibus and Calyxt created an industry-leading company that combines two pioneers in agriculture-based gene editing and establishes one of the world’s most sophisticated facilities for trait development and plant breeding.
  • PureCycle Technologies combines with Roth CH Acquisition I Co.Jones Day advised PureCycle Technologies LLC ("PureCycle") in its business combination with Roth CH Acquisition I Co. ("Roth SPAC"), a publicly-traded special purpose acquisition corporation backed by Roth Capital Partners and Craig-Hallum Capital Group, and Roth CH Acquisition I Co. Parent Corp., a wholly owned subsidiary of Roth CH ("Holdings"), among others.
  • Playboy becomes public company by combining with Mountain Crest Acquisition Corp.Jones Day advised Playboy Enterprises, Inc. in its business combination with Mountain Crest Acquisition Corp. (Nasdaq: MCAC) ("Mountain Crest"), a publicly-traded special purpose acquisition corporation (SPAC), whereby Playboy shareholders received shares of common stock in Mountain Crest, and Mountain Crest assumed outstanding Playboy debt, for a total purchase price valued at approximately $381 million.
  • SunPower closes sponsored spin-off of solar panel production operationsJones Day advised SunPower Corporation (NASDAQ: SPWR), one of North America's largest solar-panel makers, in a sponsored spin-off of its solar panel production operations into a new public company – Maxeon Solar Technologies – which will be headquartered in Singapore.
  • LendingTree announces strategic investment in StashJones Day advised LendingTree, Inc. in its strategic investment in Stash, one of the fastest-growing banking and investing services in the U.S.
  • YETI Holdings completes $333.5 million secondary offering of Common StockJones Day represented YETI Holdings, Inc., a designer, marketer, retailer, and distributor of a variety of innovative, branded, premium products, in connection with the $333.5 million underwritten secondary public offering of 11,500,000 shares of Common Stock by certain of its stockholders.
  • LORD Corporation acquired by Parker Hannifin for $3.675 billionJones Day advised LORD Corporation in its $3.675 billion acquisition by Parker Hannifin Corporation.
  • YETI Holdings completes $271 million secondary offering of Common StockJones Day represented YETI Holdings, Inc., a designer, marketer, retailer, and distributor of a variety of innovative, branded, premium products, in connection with a $271 million underwritten secondary offering of Common Stock by certain of its stockholders.
  • USG acquired by Gebr. Knauf for $7 billionJones Day advised USG Corporation in the acquisition by Gebr. Knauf KG ("Knauf") of all of the outstanding shares of USG in a transaction valued at $7 billion.
  • YETI Holdings completes $288 million IPOJones Day represented YETI Holdings, Inc., a designer, marketer, retailer, and distributor of a variety of innovative, branded, premium outdoor products, in connection with its $288 million initial public offering of Common Stock.
  • J.F. Lehman sells National Response Corporation and Sprint Energy Services to Hennessy Capital Acquisition Corp. IIIJones Day advised long standing client J.F. Lehman & Company, a leading mid-market private equity firm focused on the defense, aerospace, and maritime sectors, in connection with (i) the sale of all its membership interests in NRC Group Holdings, LLC, formed earlier this year through the combination of JFLCO portfolio companies National Response Corporation and Sprint Energy Services, to Hennessy Capital Acquisition Corp. III, and (ii) the related refinancing of the credit facilities of such portfolio companies.
  • Newell Brands enters into settlement agreement with Starboard Value that ended Newell's ongoing proxy contest with StarboardJones Day advised Newell Brands Inc. in its entry into a settlement agreement with activist shareholder Starboard Value LP that ended Newell’s ongoing proxy contest with Starboard.
  • Koch Equity Development commits $650 million preferred equity financing to support Meredith Corporation's $2.8 billion acquisition of Time, Inc.Jones Day advised Koch Equity Development, a subsidiary of Koch Industries, Inc., in connection with its $650 million of preferred equity financing to Meredith Corporation, a media and marketing company, in connection with Meredith’s $2.8 billion acquisition of magazine publisher Time, Inc.

    • The following represents experience acquired prior to joining Jones Day.

    Represented Lear Corporation, a leading global supplier of automotive seating and electrical distribution systems, in its $850 million acquisition of Eagle Ottawa, the largest global supplier of automotive leather.

    Represented William Blair & Company and the other underwriters in connection with the initial public offering of shares of common stock of Upland Software.

    Represented Heritage Insurance Holdings, a property and casualty insurance holding company, in its initial public offering of 6,000,000 shares of its common stock at a price to the public of $11 per share.

    Represented Echo Global Logistics in its acquisition of Command Transportation, a provider of freight brokerage services.

    Represented Groupon, a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount, in connection with its $700 million initial public offering. Morgan Stanley and Goldman Sachs, together with Credit Suisse, served as the lead underwriters on the IPO.

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    January 23 - December 10, 2024 Firm Hosted

    2024 Public Company Speaker Series

    January 2024 Commentary

    It's Time for a Fresh Look at DEI Metrics in Executive Compensation

    January 17 - December 12, 2023 Firm Hosted

    Public Company Speaker Series

    December 2022 Commentary

    SEC Adopts Final Rules Regarding Rule 10b5-1 Trading Plans and Related Disclosures

    November 2022 Alert

    SEC Adopts Final Dodd-Frank Act Clawback Rules

    November 2022 White Paper

    SEC Adopts Final Dodd-Frank Act Clawback Rules: An A-to-Z Explanation

    September 2022 White Paper

    SEC Adopts Pay Versus Performance Disclosure Rules

    March 2021 Alert

    SEC Settlement with Company, Ex-CEO Signals Continued Focus on Executive Perks

    August 2018 Commentary

    Rule 701–A Time for Change?

    January 23 - December 10, 2024 Firm Hosted

    2024 Public Company Speaker Series

    January 17 - December 12, 2023 Firm Hosted

    Public Company Speaker Series

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