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Expert Analysis

Breaking Down The SEC's New Proxy Interpretations

By Laura Richman, Michael Hermsen and David Schuette (May 17, 2018, 12:59 PM EDT) -- On May 11, 2018, the staff of the Division of Corporation Finance of the U.S. Securities and Exchange Commission issued compliance and disclosure interpretations on proxy rules and related Schedules 14A and 14C. These C&DIs replace the interpretations published in the Proxy Rules and Schedule 14A Manual of Publicly Available Telephone Interpretations and the March 1999 Supplement to the Manual of Publicly Available Telephone Interpretations. Generally, the new C&DIs are consistent with the Telephone Interpretations, although several reflect substantive or technical changes from the Telephone Interpretations....

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