SEC Issues Technical Corrections to Proxy Disclosure Enhancements
On February 23, 2010, the SEC issued Release No. 33-9089A to make technical corrections to the disclosure rules adopted in Release No. 33-9089. The SEC’s summary of Release No. 33-9089A is as follows:
We are making technical corrections to amendments to our disclosure rules adopted in Release No. 33-9089 (December 16, 2009), which was published in the Federal Register on December 23, 2009 (74 FR 68334). Specifically, we are correcting Forms 10-Q and 10-K to retain the current numbering of the items appearing in each form to avoid confusion that might otherwise arise from references to the current numbering in professional literature. In addition, we are making three corrections to Form 8-K. We are correcting Form 8-K to add an instruction, which was inadvertently excluded, that corresponds to an instruction contained in Forms 10-Q and 10-K that allows certain wholly-owned subsidiaries to omit the disclosure of shareholder voting results. We also are correcting Form 8-K to amend the regulatory text to make it consistent with the discussion of the amendments to that form contained in Release No. 33-9089.
Release No. 33-9089A is effective February 28, 2010.