Facilitating Shareholder Director Nominations (Final Rule)

76 FR XXX (SEC Release No. 33-9259; 34-65343; IC-29788)

September 15, 2011

The SEC published a final rule to announce that amendments to Exchange Act Rule 14a-8 will become effective on the date the notice is published in the Federal Register.  The rule had been stayed pending the outcome of a D.C. Circuit decision on the rule's validity.  The D.C. Circuit invalidated Exchange Act Rule 14a-11, but left in place the amendments to Rule 14a-8, the shareholder proposal rule.

Cross References

Exchange Act Rule 14a-8

Business Roundtable v. SEC, No-10-1305 (D.C. Cir. July 22, 2011)

SEC Press Release No. 2011-179 (SEC statement regarding proxy access litigation)