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SEC Reopens Universal Proxy Comment Period | Mayer Brown Free Writings + Perspectives


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On April 16, 2021, the US Securities and Exchange Commission (SEC) issued a release reopening the comment period (Reopening Release) on its proposal for a mandatory universal proxy to be used for all contested director elections (Universal Proxy Proposal).
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SEC Reopens Universal Proxy Comment Period On April 16, 2021, the US Securities and Exchange Commission (SEC) issued a release reopening the comment period (Reopening Release) on its proposal for a mandatory universal proxy to be used for all contested director elections (Universal Proxy Proposal).1On October 26, 2016, the SEC issued a release (2016 Proposing Release) on the Universal Proxy Proposal.2 Under the Universal Proxy Proposal, each universal proxy card would list all management and dissident nominees for director, enabling shareholders voting by proxy to pick and choose among the different sl ....

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