SEC Mandates Use of Universal Proxy Cards in Contested Director Elections

On November 30, 2021, Cravath prepared a memo for its clients entitled “SEC Mandates Use of Universal Proxy Cards in Contested Director Elections,” which summarized the Securities and Exchange Commission’s recently adopted amendments to the federal proxy rules. The memo described how the new rules will differ from the current rules, reviewed certain potential impacts and encouraged companies to update their proxy procedures and coordinate with their advisors to comply with additional deadlines and procedural requirements.

Please click here to read the memo.