Shareholder Proponent Gets Aggressive with Exempt Solicitations

Stinson - Corporate & Securities Law Blog
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We have noted an aggressive use of exempt solicitations by a shareholder proponent following the annual meeting when the solicitation is complete or making preemptive strikes before the proxy is published. You can find an example here.  We are not publishing more of the filing so that we do not aide the proponent in his efforts.

Who knows what will be next.

Query whether the exempt solicitation rules were meant to give proponents a year-round soap box to further their agenda.

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.

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