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SEC’s EDGAR Next Compliance Date Is Coming: Dashboard Launches March 24th; Amended Form ID

Howard Dicker — Mon, 24 Mar 2025 14:11:16 +0000

Important technical changes to EDGAR access and accounts management require changes to processes and procedures around EDGAR filings The U.S. Securities and Exchange Commission (SEC) adopted rules aimed at improving filer account management and security as well as facilitating better management of filer credentials, which are referred to collectively as “EDGAR Next.” These new rules […]

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SEC Staff Issues New Guidance for Rule 14a-8 No-Action Review: Reinstates Need for “Nexus” between Social Policy Issues and the Company’s Business

Adé Heyliger — Thu, 20 Feb 2025 22:03:57 +0000

Last week, with the 2025 proxy season well underway, the Staff of the U.S. Securities and Exchange Commission Division of Corporation Finance issued Staff Legal Bulletin No. 14M, revising guidance on the exclusion of shareholder proposals submitted pursuant to Exchange Act Rule 14a-8, specifically under Rule 14a-8(i)(5) (economic relevance) and Rule 14a-8(i)(7) (ordinary business). Most […]

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SEC Disclosures of Artificial Intelligence Technologies

Governance & Securities Watch — Tue, 28 Nov 2023 17:58:03 +0000

The meteoric rise in generative artificial intelligence has dramatically altered the corporate landscape as companies increasingly invest in or incorporate artificial intelligence, including machine learning technologies (together referred to herein as “AI”), into their businesses. The increasing adoption of AI presents tremendous opportunities to harness data on a vast scale, but it also presents numerous risks and uncertainties. In this Alert, we review developments regarding AI disclosure in filings with the U.S. Securities and Exchange Commission for Forms 10-K and 10-Q and proxy statements, based on our informal survey of disclosures by S&P 500 and Russell 3000 companies between January 1, 2023 and October 31, 2023. We also advise companies of what to do now to address this emerging disclosure trend.