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ARTICLE · 20 APRIL 2020

Annual Meetings–When Your Stockholders Cannot Actually Meet

Duane Morris LLP
Duane Morris LLP
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As I write this post safely ensconced—and properly "socially-distanced"—in my home office, the annual rites of spring march on oblivious to the disruption caused by a global pandemic.

United StatesCoronavirus (COVID-19)

As I write this post safely ensconced—and properly "socially-distanced"—in my home office, the annual rites of spring march on oblivious to the disruption caused by a global pandemic. The bulbs outside my window are in full-bloom, trees are budding out, and spindly-legged foals gambol about in their paddocks. Corporate annual meetings (another rite of spring), however, are not so immune. Millions of stockholders of Delaware corporations are currently under some form of "stay-at-home" restrictions, and applicable guidelines from health officials limit gatherings to no more than 5-10 people, each of which have to be at least 6 feet away from one another.  These safety protocols, while necessary, make it essentially impossible to convene annual stockholders' meetings as has been traditional–in person.

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