Contested Director Elections News Today

As the 2023 proxy season winds down for calendar year companies, it is a good time to consider possible bylaw and charter amendments to address recent developments with respect to...

Part I of our two-part Annual Memo series identified important considerations when preparing Annual Reports on Form 10-K in 2023. Part II of this memo below, describes our key...

On November 17, 2021, the U.S. Securities Exchange Commission announced the adoption of new rules requiring the use of universal proxy cards in contested director elections. The new rules are effective for any shareholder meeting held after August 31, 2022.

Securities and Exchange Commission SEC adopted final rules requiring parties (management and shareholders) in a contested election to use universal proxy cards that include the names of all director nominees presented for election at a shareholder meeting.