SEC Issues Staff Legal Bulletin No. 14K Providing New Guidance Regarding Shareholder Proposals Submitted Under Rule 14a-8
On October 16, 2019, the Division of Corporation Finance (the Staff) of the Securities and Exchange Commission (the SEC) issued new Staff Legal Bulletin 14K (SLB No. 14K), the latest in a series of similar bulletins that the Staff has released providing clarifications and updates to guidance on issues that arise in connection with respect to shareholder proposals submitted pursuant to Rule 14a-8 of the Securities Exchange Act of 1934, as amended (the Exchange Act).