WASHINGTON, Sept. 21 -- Securities And Exchange Commission has issued a proposed rule called: Proxy Solicitation Modernization.
The proposed rule was published in the Federal Register on Sept. 21 by Vanessa A. Countryman, Secretary.
Summary: The Securities and Exchange Commission ("Commission") is proposing amendments to modernize certain rules related to proxy solicitations. The proposed amendments would, among other things, eliminate the requirement that registrants deliver an annual report to security holders, eliminate the delivery deadline when documents are incorporated by reference into a proxy statement, eliminate the requirement to file soliciting material regarding certain exempt solicitations, and shorten the minimum broker sea...