Oct. 14, 2009 -- The SEC has proposed changes to the proxy rules under the Securities Exchange Act of 1934 which would improve the notification process regarding the delivery of proxy materials to shareholders. Of the specific provisions included, the primary initiative provides more flexibility in the formatting and delivery of the Notice of Internet Availability of Proxy Materials form, which is routinely sent to shareholders. Other revisions proposed would allow issuers to include additional materials explaining the proxy voting process, as well as information designed to encourage shareholders to review proxy materials.

The comment period for the proposed amendments ended November 20, 2009.