Alert December 15, 2009

SEC Reopens Comment Period on Proposed Rules Relating to Shareholder Nominations

The SEC issued a release reopening the comment period on proposed amendments to its proxy rules designed to facilitate shareholder nomination of directors (as discussed in the June 16, 2009 Alert), in order to allow comment on data and analysis that has been added to the public comment file for the proposal, some of it at or following the August 17, 2009 close of the initial comment period.  Comments must be received no later than 30 days after the release is published in the Federal Register.