Corp Fin Issues New CDIs Regarding The Proxy Rules

On Friday, Corp Fin released some new CDIs, summarized below, relating to the proxy rules. The CDIs can all be found under the caption Proxy Rules and Schedule 14A, and all are new with one exception for a newly revised CDI under Rule 14a-6. Universal proxy is once again a hot topic, and there are three new CDIs on universal proxy to add to your collection. (You might recall that Corp Fin issued new CDIs on universal proxy in August and December last year. See this PubCo post and this PubCo post.) Summaries are below, but each CDI number below is linked to the CDI on the SEC website, so you can easily read the version in full.

Rule 14a-6

• Revised Question 126.03. Rule 14a-6 provides that, if a company is required to file a preliminary proxy with the SEC, the company must send five preliminary copies to the SEC at least 10 calendar days prior to the date definitive copies are first sent or given to shareholders. To calculate the "10 calendar day" period in Rule