Late last year, the Securities and Exchange Commission (SEC) approved amendments to the federal proxy rules to, among other things, mandate the use of a universal proxy card in public solicitations involving director election contests. On February 24, we hosted a webinar to discuss issues relating to universal proxy rules. Access the recording of the webinar here.
We provided an overview of the universal proxy requirement and proxy contests under the new regime during the webinar. We also discussed universal proxy’s influence on activist strategies and tactics and provided practical guidance on what companies should prepare now. Key insights from the discussion are highlighted below.