SEC Staff Releases Pro-Issuer Guidance on Shareholder Proposals

3 results for pro-issuer guidance

SEC Staff Releases Pro-Issuer Guidance on Shareholder Proposals

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The staff’s release of Staff Legal Bulletin No. 14I (“SLB 14I”) ahead of the upcoming proxy season appears to reflect several issuer-friendly modifications to the staff’s processing of no-action letters seeking exclusion of shareholder proposals under Rule 14a-8 of the Exchange Act.  In particular, SLB 14I addresses the following aspects... Read More

Topics: Public Companies and Securities

Issuers Seek to Exclude Images from Shareholder Proposals Under SLB 14I

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Among other things, SEC Staff Legal Bulleting No. 14I provides guidance on excluding images from shareholder proposals. SLB14I provides the Division of Corporation Finance’s view that, consistent with recent no-action letter precedent, the use of images or graphs in shareholder proposals is appropriate. However, SLB14I simultaneously invites issuers to seek... Read More

Topics: Public Companies and Securities