• SEC Issues Proposed Rule to Enhance Proxy Disclosure and Solicitation Requirements
  • July 30, 2009
  • Law Firm: Vorys, Sater, Seymour and Pease LLP - Columbus Office
  • On July 10, 2009, the SEC issued Release No. 33-9052 "Proxy Disclosure and Solicitation Enhancements" (the "Release"). The Release proposes amendments to various SEC rules to (i) enhance certain executive and director compensation and corporate governance disclosure requirements, (ii) transfer to Form 8-K the requirement to disclose shareholder voting results and (iii) clarify the manner in which the SEC¿s proxy rules operate and address issues that have arisen in the proxy solicitation process.