For those newer to or rusty on the preliminary proxy materials filing process, "5 FAQs on Proxy Screening Procedures" from Bass Berry & Sims sheds light on some of the mystery and suspense surrounding the SEC's 10-day review period when such a filing is required in accordance with Rule 14a-6(a), with succinct answers to these FAQs:
- Is preliminary proxy screening different from other filings?
- How should I calculate the 10-day waiting period?
- What is the timing of a review?
- Are there exceptions to the usual screening procedures?
- What is a common issue that is commented on by the Staff in preliminary proxies for annual meetings?
Access additional information from the Basic Resources on our Proxy Statement page. This post first appeared in the weekly Society Alert!