Rule 14a-8

SEC Division of Corporation Finance announces significant change to shareholder proposal no-action process for upcoming proxy season

By Era Anagnosti & Sanjay Shirodkar on November 18, 2025

Posted in Annual meetings, Corporate governance, SEC developments, SEC guidance, Shareholder proposals

On November 17, 2025, the United States Securities and Exchange Commission (SEC)’s Division of Corporation Finance announced that it would significantly curtail its review of no-action submission requests for the upcoming proxy season (October 1, 2025 –September 30, 2026).

According to its statement, the SEC staff will not respond…

SEC signals potentially significant changes to Rule 14a-8 shareholder proposal process

By Era Anagnosti, Sanjay Shirodkar & Ron Llewellyn on October 29, 2025

Posted in Annual meetings, Corporate governance, Proxy disclosure, SEC developments, Shareholder proposals

On October 9, 2025, during a keynote address at the John L. Weinberg Center for Corporate Governance’s 25^th Anniversary Gala, United States Securities and Exchange Commission (SEC) Chairman Paul Atkins suggested that the SEC may be amenable to arguments from Delaware-incorporated companies seeking to exclude precatory shareholder proposals from…