• SEC Adopts Amendments to E-Proxy Rules to Increase Shareholder Participation in the Voting Process
  • March 29, 2010
  • Law Firm: Vorys, Sater, Seymour and Pease LLP - Columbus Office
  • The adoption by the Securities and Exchange Commission (“SEC”) of the “Notice and Access” E-Proxy model (“Notice & Access”) in late 2007 allowed public companies to make their proxy materials available to shareholders through Internet access only, or by providing the traditional printed proxy materials, or a combination of both. Many companies adopted the Internet access only process and stopped mailing printed proxy materials to their shareholders, primarily as a means to save on the associated costs,1 which was approximately $143 million in 2008 for 653 issuers, and $239 million in 2009 for 1,363 issuers.