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Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4
Proposed rule · Federal Register document 2026-19260
- Published
- 09/21/2026
- Comments due
- 11/20/2026
- 22 days left
- Effective
- 09/21/2026
- Pages
- 64
Summary
Proposed rule.
The Securities and Exchange Commission ("Commission") is proposing to rescind Rule 14a-8 under the Securities Exchange Act of 1934 ("Exchange Act") and leave determinations about the role of shareholder proposals to State law and company governing documents. The Commission also is proposing to amend Rule 14a-4 under the Exchange Act to expand the circumstances under which a company may exercise, with respect to proxies it receives, discretionary voting authority on proposals that will be presented at a shareholder meeting but not included in the company's proxy materials. At the same time, the proposed amendments to Rule 14a-4 would provide shareholders with the means to elect to prevent the company from exercising such authority with respect to their individual shares.
Details
- Type
- Proposed rule
- Docket
- Release No. 34-106383; File No. S7-2026-32
- Regulation ID (RIN)
- 3235-AN47
- CFR parts
- 17 CFR 200, 17 CFR 229, 17 CFR 232, 17 CFR 240, 17 CFR 249
- Significant under E.O. 12866
- Yes
- Topics
- Electronic filing, Investment companies, Reporting and recordkeeping requirements, Securities
This page summarizes a Federal Register document. Only the official Federal Register text has legal effect. Comment deadlines can be extended or reopened by a later notice.
Source: Office of the Federal Register, via the Federal Register API · Last updated 09/21/2026