• SEC Publishes New "Voluntary" E-Proxy Rules and Proposes "Mandatory" Version
  • February 2, 2007 | Authors: Mark S. Bergman; Raphael M. Russo; Frances F. Mi
  • Law Firms: Paul, Weiss, Rifkind, Wharton & Garrison LLP - London Office ; Paul, Weiss, Rifkind, Wharton & Garrison LLP - New York Office
  • The SEC published final rules related to the Internet distribution of proxy materials. Under these new "e-proxy" rules, companies and other soliciting persons will now have the option of adopting a "notice-and-access" model of proxy distribution by giving shareholders notice of the Internet availability of, and online access to, the materials, unless a shareholder requests e-mail or paper copies of such materials instead. The earliest that companies may begin sending notices of Internet availability of proxy materials is July 1, 2007. The notice-and-access model is not available for proxy materials related to business combinations, although the SEC intends to evaluate whether this model should be expanded in the future.