SEC Proposes Amendments To Require Use Of Universal Proxy Cards - Proposal Facilitates Shareholdersâ Ability To Vote For Their Preferred Combination Of Board Candidates In Contested Elections

The Securities and Exchange Commission today voted to propose amendments to the proxy rules to require parties in a contested election to use universal proxy cards that would include the names of all board of director nominees.  The proposal gives shareholders the ability to vote by proxy for their preferred combination of board candidates, similar to voting in person.