SEC Adopts New Rules Regarding Internet Availability of Proxy Materials


Effective July 1, 2007, proxy statements will officially enter the Internet Age. This is because the Securities and Exchange Commission has recently adopted amendments to its proxy rules that allow companies to furnish proxy materials to stockholders through a “notice and access” model using the Internet. The SEC has also proposed rule changes which would mandate compliance with the new model for all future proxy solicitations which do not relate to a business combination.

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