Atkins says the Division will also stop responding to Rule 14a-8(j) notices with non-objection letters.
“It also will no longer respond to notices filed under Rule 14a-8(j) with a letter indicating that it will not object if a company omits a proposal from its proxy materials.”
Atkins notes the Commission has long recognized no response from staff is required on shareholder proposal notices.
“Although the staff “has for many years engaged in the informal practice of expressing its enforcement position” in response to notices submitted under Rule 14a-8(j), the Commission has also long recognized that “[n]o response or other action by the Commission or its staff is required in regard to such communications.””
Atkins announces the Division's shareholder proposal email address is no longer functional.
“Companies should submit those notices using the online Shareholder Proposal Form . In addition, the Division’s shareholder proposal email address is no longer functional.”