Developing close relationships with our clients, on both a business and personal level, is one of Needham & Company, LLC’s primary objectives. In the Firm’s early years, our executive management recognized an opportunity to provide a superior level of specialized advice and execution for a broad range of corporate securities transactions. As a result, a dedicated Corporate Services department was formed. The Corporate Services department at Needham & Company, LLC is located on the trading floor next to the market makers and position traders making it easy to stay in the flow of all market color.
Needham’s Corporate Services group provides a bridge between our hundreds of corporate clients and the Firm’s institutional trading capabilities. Having conducted hundreds of these complex transactions, our professionals are highly experienced in the very detailed operational and legal requirements of share repurchase programs, 10b5-1 plans, and stock distributions to liquefy limited partners of venture capital funds. Needham’s Corporate Services department works closely with our research analysts and investment bankers to provide our clients with an in-depth understanding of the market and industry sectors. Our goal is to make all transactions seamless.
If you are looking to buy back shares of your company’s stock that are currently traded on the open market, Needham has the experience and strategies to help you succeed. Our Corporate Services team has over 50 years of collective experience in executing these programs, and is now considered to be a leader in the industry. Needham has completed more than 500 share repurchase programs for over 75 repurchase clients in open market, Rule 10b5-1, and Dutch Auction programs. These buybacks were conducted for a wide range of clients, from large corporations with several billion dollars in market capitalizations and very active trading volumes to smaller companies with highly illiquid stocks, the latter transactions enhanced by our broad set of relationships with micro-cap traders. Needham can also execute cashless stock option exercises for the individual employee of your company. We provide institutional quality execution with a timely and easy settlement process, using a team of settlement specialists who can advise employees through the exercise process.
Our knowledge of the trading patterns of the stocks in which we specialize, combined with the constant communication between the Corporate Services and the institutional trading desks, is what enables us to offer a real advantage to our clients. For example, we are able to find blocks of illiquid stocks for buyback programs, shortening the execution timeframe or length of your overall repurchase program.
Needham’s Corporate Services department offers the following services:
- Facilitation of Corporate Stock Buybacks
- Coordination of Restricted Stock Sales
- Employee Stock Option Programs
- Directed Share Programs
CSD Client Access