Federal Trade Commission.
The Federal Trade Commission announces the revised thresholds for interlocking directorates required by the 1990 amendment of Section 8 of the Clayton Act. Section 8 prohibits, with certain exceptions, one person from serving as a director or officer of two competing corporations if two thresholds are met. Competitor corporations are covered by Section 8 if each one has capital, surplus, and undivided profits aggregating more than $10,000,000, with the exception that no corporation is covered if the competitive sales of either corporation are less than $1,000,000. Section 8(a)(5) requires the Federal Trade Commission to revise those thresholds annually, based on the change in gross national product. The new thresholds, which take effect immediately, are $26,867,000 for Section 8(a)(1), and $2,686,700 for Section 8(a)(2)(A).
Effective Date: January 25, 2011.Start Further Info
FOR FURTHER INFORMATION CONTACT:
James F. Mongoven, Bureau of Competition, Office of Policy and Coordination, (202) 326-2879.Start Signature
By direction of the Commission.
Donald S. Clark,
[FR Doc. 2011-1498 Filed 1-24-11; 8:45 am]
BILLING CODE 6750-01-P