SEC Division of Corporation Finance Issues Three C&DIs Relating to “Unbundling Rule”

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On January 24, the Securities and Exchange Commission’s Division of Corporation Finance issued three new Compliance and Disclosure Interpretations (C&DIs) with respect to the SEC’s so-called unbundling rule (Rule 14a-4(a)(3) under the Securities Exchange Act of 1934), which requires that a form of proxy used in a stockholder vote identify clearly and impartially each “separate matter” on which the stockholders intend to act.   

To see these new C&DIs, click here.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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