Stephen P. Coolbaugh (Steve)

Partner

クリーブランド + 1.216.586.7226

Steve Coolbaugh is a trusted, business-focused and practical executive compensation, benefits, and corporate governance lawyer with nearly 25 years of experience. Steve's primary work is to help public-company clients achieve their compensation and governance objectives through designing, implementing, and operating stock- and cash-based pay arrangements or by completing significant corporate transactions.

Steve has helped clients navigate all of the modern waves of change in the compensation, benefits, and governance landscape — from the Sarbanes-Oxley Act, to compensation disclosure reform, to the Great Recession and the Dodd-Frank Act, to post-coronavirus pandemic developments. He remains focused on helping executives, directors, and companies identify, understand, and respond to compensation and governance challenges and opportunities, including those arising during the Biden Administration and Trump Administration.

Steve regularly guides public companies through high-stakes executive and director transition situations, helping to achieve successful outcomes that drive long-term shareholder value. Steve also helps clients understand and react to stakeholders' evolving viewpoints on various compensation and governance topics, including: environmental, social, and governance (ESG) matters; pay-for-performance and pay-for-stewardship philosophies; clawback protections; equity grant practices; retention and severance compensation; and the management of human capital resources.

Steve solves tough problems for clients by answering complex compensation and benefits questions in light of tax, corporate, and securities law requirements. In addition, he regularly advises clients on Section 16 matters and helps clients navigate key compensation arrangements, including new or revised stock and cash compensation plans, award agreements, employment contracts, clawback policies, and change in control and severance arrangements.

担当案件

  • Board of Directors represented in responding to shareholder demand letter regarding compensation-related disclosures in proxy statementJones Day advised a Board of Directors in responding to and resolving a shareholder assertion of breach of fiduciary duty for insufficient disclosure concerning adoption of a proposed incentive compensation plan.
  • ConAgra Foods completes separation into two independent public companiesJones Day advised ConAgra Foods, Inc. (NYSE: CAG) in the separation of the Company into two independent public companies: one comprising its robust consumer portfolio of diverse and leading brands and the other comprising its market leading food service portfolio of innovative frozen potato products.
  • TriMas announces tax-free spin-off of Cequent businessesJones Day advised TriMas Corporation in the tax-free spin-off of 100 percent of its Cequent businesses into a new stand-alone, publicly traded company named Horizon Global Corporation.
  • Reynolds American acquires Lorillard for $27.4 billionJones Day advised Reynolds American Inc. (NYSE: RAI) in its acquisition of Lorillard, Inc. for $27.4 billion and in the related $7.1 billion divestiture to an affiliate of Imperial Tobacco Group and $4.7 billion investment by British American Tobacco, RAI's largest shareholder.
  • SunPower and Total partner to create new global leader in solar industry with $1.4 billion tender offerJones Day advised SunPower Corporation in the completion of the $1.4 billion tender offer by Total for up to 60% of SunPower's outstanding Class A Common Shares and 60% of SunPower's outstanding Class B Common Shares at a price of $23.25/share for each class.
  • Cliffs Natural Resources proposes to acquire Alpha Natural Resources for $10 billionJones Day advised Cliffs Natural Resources Inc. in its proposed acquisition of Alpha Natural Resources Inc. in a cash and stock transaction valued at approximately $10 billion.
  • MTC Technologies is acquired by BAE SystemsJones Day advised MTC Technologies, Inc. in its $450 million acquisition by BAE Systems, Inc.
  • Dana Corporation issues stock to Centerbridge Capital PartnersJones Day advised Dana Corporation, a supplier of axle, driveshaft, structural, sealing and thermal products for global vehicle manufacturers, in the $750 million investment by Centerbridge Capital Partners, L.P.
    • December 1, 2015
      2015 Proxy Season Update
    • September 24-25, 2015
      Compensation-Related Tax Updates, Jones Day's 2015 Critical Updates in Executive Compensation and Benefits Symposium
    • September 24-25, 2015
      Stump the Panelists, Jones Day's 2015 Critical Updates in Executive Compensation and Benefits Symposium
    • September 24-25, 2015
      Compensation Design Trends -- Public and Private Companies, Jones Day's 2015 Critical Updates in Executive Compensation and Benefits Symposium
    • September 23-26, 2013
      SEC Reporting and Accounting Basics for Stock Plan Professionals, 21st Annual National Association of Stock Plan Professionals (NASPP) Conference
    • May 15-16, 2013
      Scorecards and Toolkits for Assessing Pay for Performance Alignment, The Conference Board's 2013 Executive Compensation Conference: Achieving and Demonstrating Pay for Performance Alignment
    • October 8-11, 2012
      SEC Reporting and Accounting Basics for Stock Plan Professionals, 20th Annual National Association of Stock Plan Professionals (NASPP)
    • December 6, 2011
      Executive Compensation: Emerging Issues & Preparing for 2012
    • November 1-4, 2011
      Extreme Makeover: Equity Plan Edition, 19th Annual National Association of Stock Plan Professionals (NASPP) Conference
    • November 1-4, 2011
      Risk Mitigation for Stock Compensation, 19th Annual National Association of Stock Plan Professionals (NASPP) Conference
    • September 22-23, 2010
      Risk Mitigation for Stock Compensation, 18th Annual National Association of Stock Plan Professionals (NASPP) Conference
    • April 22, 2010
      Enterprise Risk Management, 2010 Speaker Series
    • February 25, 2010
      More Recent Developments in Executive Compensation: What Clients May be Asking About in Early 2010, Internal Presentation
    • February 8, 2010
      SEC Proxy Disclosure Enhancements: Risk, Compensation and Corporate Governance
    • January 28, 2010
      Executive Compensation, 2010 Speaker Series
    • October 9, 2009
      All is Not Quiet on the Executive Compensation Front: How to Prepare a Client for a Reasoned Defense Against the Current Assault on Executive Compensation, Internal Presentation
    • September 26, 2006
      Breakfast Briefing: The New Executive Pay Disclosures