SEC Changes Intake Procedures on Shareholder Proposal Submissions

The SEC Division of Corporation Finance changed its intake procedures for issuers requesting "informal, non-binding staff views regarding companies' intentions to exclude shareholder proposals from their proxy statements" (a/k/a Exchange Act Rule 14a-8 ("Shareholder proposals") submissions). (See also, informal procedures.)

In an announcement, the Division directed that Rule 14a-8 submissions and related correspondence must now be submitted using the Division's online shareholder proposal form found here. The Division will no longer accept emailed materials.