Securities Alert: SEC Issues Proposed Rule to Enhance Proxy Disclosure and Solicitation Requirements

On July 10, 2009, the SEC issued Release No. 33-9052 “Proxy Disclosure
and Solicitation Enhancements.”  The Release proposes amendments to various SEC rules to:

• Enhance certain executive and director compensation and corporate governance disclosure requirements
• Transfer to Form 8-K the requirement to disclose shareholder voting results
• Clarify the manner in which the SEC’s proxy rules operate and address issues that have arisen in the proxy solicitation process

Click on the link below to download the Securities Alert which discusses these actions.