Nov 16, 2015
From the Financial Reporting Network
The staff of the SEC’s Division of Corporation Finance recently issued Staff Legal Bulletin No. 14H, which addresses how it applies certain provisions of Exchange Act Rule 14a-8. Rule 14a-8 provides an opportunity for a shareholder that owns a relatively small amount of a company's securities to have his or her proposal placed alongside management's proposals in that company's proxy materials for presentation to a vote at an annual or special meeting of shareholders.
The SEC staff also issued new Compliance & Disclosure Interpretations about unbundling of materials related to a target company shareholder vote in a merger proxy.