The COVID Project
The record
- Jurisdiction
- United States; Securities and Exchange Commission, Division of Corporation Finance (federal staff guidance)
- Level
- Federal
- Authority
- Staff interpretation of Regulation 14A
- Issued
- 2020-03-13 Mar. 13, 2020
- Effective
- 2020-03-13 (updated 2020-04-07) (read as 2020-03-13)
- End
- Remained posted through 2021Q3 (updated again January 19, 2022) (read as 2022-01-19)
- In force
- Mar. 13, 2020 to Jan. 19, 2022
- Quarters
- 2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Gathering capOther
- Addressees
- issuers subject to the proxy rules
- shareholder proponents
- Functions reached
- OP corporate governance and annual meetings (moved online or postponed)
- MK investor relations
- CB shareholders
- Collection
- Federal financial regulators AGY-FED-FINANCIAL
Operative words
Changing the Date, Time, or Location of a Shareholder Meeting (Last updated: 4/7/2020)... Issuers are generally required to hold annual meetings of security holders under state law.... [an issuer that has already mailed its proxy materials may change the date, time or location, or switch to a 'virtual' meeting, by issuing a press release, filing it as definitive additional soliciting material and taking reasonable steps to inform intermediaries] so as to allow shareholders to exercise their voting rights under state law.
Enforcement
Staff guidance; treated as guidance, not an order (the assignment's instruction); the proxy rules themselves carry force under 15 U.S.C. § 78n
Notes
The staff's contemporaneous instruction on how every public company was to convert or postpone its 2020 and 2021 annual meetings; guidance only
Retrieval noteRendered locally from the live sec.gov page (current text with update history); guidance, not an order.