On August 25th, the SEC adopted new proxy rules that will require, under certain circumstances, a company's proxy materials to provide shareholders with information about, and the ability to vote for, a shareholder's, or group of shareholders', nominees for director. The SEC also adopted related changes to certain other rules and regulations, including the existing solicitation exemptions from proxy rules and the beneficial ownership reporting requirements. The new rules are effective 60 days after publication in the Federal Register, which is expected during the week of August 30. SEC Release No. 33-9136; SEC Press Release (with fact sheet). See also Schapiro Remarks; Walter Remarks (concurring); Aguilar Remarks (concurring); Casey Remarks (dissenting); Paredes Remarks (dissenting).