Starting in 2009, all public companies must comply with the new e-proxy rules of the U.S. Securities and Exchange Commission (SEC) when soliciting proxies. The e-proxy rules provide public companies two methods for delivering proxy materials to security holders: (1) the notice only delivery option, and (2) the full set delivery option. Public companies may also use a hybrid approach by following the full set delivery option for some security holders and the notice only option for others. The criteria used to differentiate between security holder groups are determined by the companies at their discretion. Regardless of the method used, all public companies must post their proxy materials on a publicly available internet website.
Click to read more about the new 2009 e-proxy rules.