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SEC proposes universal proxy card requirement

  • SEC document Image

Oct 26, 2016

The SEC has issued a proposed rule, “Universal Proxy.”

The proposal would amend Rule 14a-4 of the Exchange Act “to require the use of universal proxy cards that would include the names of all nominees in contested board of directors’ elections.” Further, voting options and standards would be required in all director elections.

Comments on the proposed rule are due by January 9, 2017. For more information, see the press release and proposed rule on the SEC’s Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.