SEC Adopts Proxy Access Rules

more+
less-

On August 25, 2010, the SEC adopted Exchange Act Rule 14a-11 (“Rule 14a-11”) granting shareholders the right to require, if certain conditions are met, the inclusion of the shareholders’ nominees for director in a company’s proxy materials. Rule 14a-11 will apply to all public companies, including investment companies and controlled companies, but excluding “debt-only” companies. While the new rule will become effective on or around November 1, 2010 (in time for the 2011 proxy season), the rule’s application to “smaller reporting companies,” generally defined as an issuer of securities with a public float of less than $75 million, will be delayed for three years.

The following is a general summary of Rule 14a-11...

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Miller & Martin PLLC | Attorney Advertising

Written by:

more+
less-

Miller & Martin PLLC on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×