by Theo Francis – Footnoted
We’ve observed before that the lawyers drafting Securities and Exchange Commission filings can be a little slow to adopt the latest trends, or adapt to the latest cultural developments — see our January post on Wikileaks in the filings, for example, or Michelle’s look at “double-dip” fears in September last year. So when something starts cropping up in the filings, you know it has truly arrived, at least on some level.
And so it is with Occupy Wall Street, the quirky demonstration against corporate misdeeds, greed and inequality that has spawned parallel protests and spoofs across the country, as well as a bunch of smart, and not-so-smart, signs. (The funniest moment so far, as brought to us by the Canadian Broadcasting Corporation: Occupy Whitehorse has become a “virtual occupation” with the onset of winter — propane doesn’t come cheap, after all.)
As far as we can tell, Occupy Wall Street made its SEC-filing debut yesterday, at least by name, in two separate filings. The first, in an 8-K from Strategic Hotels & Resorts (BEE) — a $943-million market-cap real-estate investment trust that concentrates on luxury hotels — landed on the SEC’s virtual desk a few minutes before noon. More on them in a moment. (Full Story)