Prior to the issuance of the new SEC Staff Legal Bulletin 14i on November 1, the Shareholder Rights Group learned that the Bulletin might be in the works. We sent a letter to SEC Chairman Jay Clayton and Corporation Finance Director William Hinman expressing our concern and urging further consultation with shareholders before issuance.
The Bulletin, which was issued at the start of the new shareholder proposal filing season, raises many new questions and concerns as well as new opportunities for shareholders to engage with boards of directors through the shareholder proposal process. We are in the process of evaluating the many questions raised by the new Staff Legal Bulletin and plan to submit our questions to the SEC soon.
In the meantime, interested investors or media can contact the Shareholder Rights Group for additional information at 413 549-7333.