Delaware and SEC Offer New Relief to Public Companies for the Proxy Season: Address Stockholder Meeting Notice Requirements and Form 10-K “Part III Information”
In this Alert, we discuss the latest update on the available relief for public companies preparing for their annual meetings, as well as companies preparing for special meetings of stockholders, including:
- the executive order of the Governor of the State of Delaware easing stockholder notice requirements for companies changing the date, time or location of a stockholder meeting as a result of COVID-19;
- the extension by the Staff of the SEC Division of Corporation Finance (Staff) of the SEC’s order with respect to filing deadline extensions for “Part III information” being incorporated by reference into Form 10-K from the proxy statement; and
- the Staff’s guidance regarding the easing of “notice and access” requirements and other updates to prior guidance with respect to stockholder meetings, in each case, relating to the effects of COVID-19.
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