Client Alert
SEC Adopts Amendments To Proxy Rules To Provide Shareholder Choice Regarding Access To Proxy Materials
August 10, 2007
The SEC recently adopted amendments to the proxy rules under the Securities Exchange Act of 1934 to provide shareholders with the ability to choose the means by which they access proxy materials. The amendments require issuers and other soliciting persons to post their proxy materials on an Internet website and to give shareholders notice of the Internet availability of the materials. Issuers and other soliciting persons may choose to furnish paper copies of the proxy materials along with the notice; if no paper copy of the proxy materials is provided with the notice, then the shareholder must be provided with a paper copy upon request. The new rules are intended to enhance investor ability to make informed investment decisions while at the same time reducing the cost of proxy solicitations.
Click here to read our client alert on the amended proxy rules.
If you have any questions regarding these amendments, please contact either the Womble Carlyle attorney with whom you usually work or one of our Corporate and Securities attorneys at the following link.
Womble Carlyle client alerts are intended to provide general information about significant legal developments and should not be construed as legal advice on any specific facts and circumstances, nor should they be construed as advertisements for legal services.
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