FASB Holds December 17 Meeting

At its December 17, 2025, meeting, the FASB discussed its proposed ASU on the initial measurement of paid-in-kind dividends on equity-classified preferred stock. Topics addressed at the meeting included the project’s scope; initial measurement; and effective date, including transition and early adoption. The Board also determined that the benefits of this guidance are expected to outweigh its costs and has directed the staff to draft a final ASU for a vote by written ballot.

For more information, see the tentative Board decisions on the FASB’s Web site.