The recently adopted universal proxy rules apply to annual meetings held on or after September 1, 2022. Because universal proxy will apply to contested director elections at all 2023 annual meetings, we recommend including disclosure regarding the universal proxy deadline in this year’s proxy statement , including for companies that hold their annual meeting well in advance of the September 1, 2022 mandatory compliance date. Sample disclosure for this purpose could be as follows: ” to comply with the universal proxy rules (once effective), stockholders who intend to solicit proxies in support of director nominees other than the company’s […]
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