Presentation by Phone. John Chevedden recently reminded me, “I just got the first company to have a 2022 in-person annual meeting to give me a telephone number for my telephone presentation of my rule 14a-8 proposal.”
Presentation of Shareholder Proposals (Last updated: 1/19/2022)
Exchange Act Rule 14a-8(h) requires shareholder proponents, or their representatives, to appear and present their proposals at the annual meeting. In light of the possible difficulties for shareholder proponents to attend annual meetings in person to present their proposals, the staff encourages issuers, to the extent feasible under state law, to provide shareholder proponents or their representatives with the ability to present their proposals through alternative means, such as by phone, during the 2020, 2021, and 2022 proxy seasons.
Presentation by Phone
While issuers are not required by the SEC to allow presentation by phone, since requirements are generally a matter of state law, the SEC does encourage companies to do so. As shareholders, we should do so as well. Thanks to John Chevedden for the reminder. We look forward to the best proxy season ever for those concerned with environmental, social, and governance (ESG) issues.