Ala. Admin. Code r. 482-1-042-.08

Current through Register Vol. 43, No. 02, November 27, 2024

Section 482-1-042-.08 - Presentation Of Information In Proxy Statement

(1) The information included in the proxy statement shall be clearly presented and the statements made shall be divided into groups according to subject matter and the various groups of statements shall be preceded by appropriate headings.

(2) All proxy statements shall disclose, under an appropriate caption, the date by which proposals of security holders intended to be presented at the next annual meeting must be received by the issuer for inclusion in the issuer's proxy statement and form of proxy relating to that meeting, such date to be calculated in accordance with the provisions of Rule 482-1-042-.11(1). If the date of the next annual meeting is subsequently advanced by more than 30 calendar days or delayed by more than 90 calendar days from the date of the annual meeting to which the proxy statement relates, the issuer shall, in a timely manner, inform security holders of such change, and the date by which proposals of security holders must be received, by any means reasonably calculated to so inform them.

Author: Commissioner of Insurance

Ala. Admin. Code r. 482-1-042-.08

New Rule: October 5, 1969; effective October 15, 1969. Revised: February 12, 1981; effective June 1, 1981. Filed for codification in the Alabama Administrative Code by the Department of Insurance on July 5, 2005, pursuant to the Code of Ala. 1975, § 27-7-43.

Statutory Authority:Code of Ala. 1975, §§ 27-2-7, 27-2-17, 27-29-8.