Yesterday, the SEC's final rules requiring a company, in certain circumstances, to include in its proxy materials director nominees submitted by shareholders were published in the Federal Register, so the rules will become effective on November 15, 2010 (other than "smaller reporting companies" for which the compliance date is deferred for three years). Because the latest a nominating shareholder may file new Schedule 14N is 120 days prior to the anniversary of the mailing date of the prior year's annual meeting proxy statement, shareholders will be able to use new Rule 14A-11 for companies that mailed their 2010 annual meeting proxy statement on or after March 15, 2010.