On December 17, Securities and Exchange Commission Chairman Elisse Walter named Lona Nallengara as Acting Director of the Division of Corporation Finance to replace Meredith Cross, who has announced that she will leave the SEC at the end of this year. Mr. Nallengara served as Deputy Director for Legal and Regulatory Policy of Corp. Fin. since March 20, 2011, and was responsible for overseeing the Division’s Offices of Chief Counsel, Enforcement Liaison, International Corporate Finance, Mergers and Acquisitions and Small Business Policy. Mr. Nallengara joined the SEC from Shearman & Sterling where he was a partner in the Capital Markets Group.

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