At a conference in San Diego today, Marty Dunn, Corp Fin Deputy Director, revealed that the staff already has received over 450 requests for no-action relief regarding shareholder proposals - which equals the near record amount received during all of last proxy season. At this rate - because February and March are very heavy months to process these requests - it appears that the staff might process more than 50% more than they have at any other time.
The SEC has posted the adopting release regarding attorney conduct - along with a second release seeking additional comments on the proposed noisy withdrawal provisions and an alternative approach.The adopting release is at http://www.sec.gov/rules/final/33-8185.htm - and the proposing release is at http://www.sec.gov/rules/proposed/33-8186.htm.
Posted by broc at 03:02 PM