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SEC Proposes Rule Changes Addressing Proxy Advisory Firms and Shareholder Proposals

On November 5, 2019, the U.S. Securities and Exchange Commission (the “SEC”) proposed two sets of rule amendments that, if adopted, would play a prominent role in guiding the manner in which companies, shareholders, and proxy...more

SEC Division of Corporation Finance Publishes New Guidance Regarding Shareholder Proposals

On October 16, 2019, the Staff of the Division of Corporation Finance (“Staff”) of the Securities and Exchange Commission (“SEC”) published Staff Legal Bulletin No. 14K (“SLB No. 14K”) as part of its ongoing efforts to...more

SEC Staff Issues Guidance on Inline XBRL

On August 20, 2019, the Staff of the SEC’s Division of Corporation Finance published nine new Compliance and Disclosure Interpretations on the use of Inline XBRL. These new C&DIs provide guidance regarding compliance with the...more

SEC Proposes Changes to Business, Legal Proceeding and Risk Factor Disclosure Requirements

The SEC has proposed amendments to the description of business, legal proceeding and risk factor disclosures that are required pursuant to Regulation S-K. The SEC intends to update the rules to account for developments in...more

SEC Adopts FAST Act Amendments to Streamline Disclosure Requirements

On March 20, 2019, the Securities and Exchange Commission (the “Commission”) adopted rule amendments to modernize and simplify certain disclosure requirements in Regulation S-K and related rules and forms. These amendments...more

SEC Proposes to Expand “Test-the-Waters” Accommodation

On February 19, 2019, the SEC proposed a rule and related amendments under the Securities Act of 1933, as amended (the “Securities Act”), that would permit issuers to engage in oral or written communications with potential...more

SEC Adopts Dodd-Frank Act Hedging Disclosure Rule

On December 18, 2018, the SEC adopted amendments to its rules to implement Section 955 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the “Dodd-Frank Act”), which added new Section 14(j) to the...more

SEC Division of Corporation Finance Provides Guidance on Resumption of Operations Following the Government Shutdown

On January 27, 2019, the Division of Corporation Finance (the “Division”) of the U.S. Securities and Exchange Commission (the “SEC” or the “Commission”) provided guidance for issuers regarding the approach that the Division...more

SEC Regulation A: Not Just for Private Companies Anymore

The SEC recently adopted amendments to Regulation A under the Securities Act of 1933, as amended (the “Securities Act”) that will allow SEC reporting companies to rely on Regulation A for their securities offerings. The...more

New Staff Guidance on Shareholder Proposals - October 2018

On October 23, 2018, the Staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange Commission (“SEC”) released Staff Legal Bulletin No. 14J (“SLB 14J”) to provide new guidance on how the Staff...more

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