The SEC Division of Corporation Finance and the Division of Investment Management encouraged issuers to allow shareholder proponents to present proposals - per SEA Rule 14a-8(h) ("Attendance") - through "alternative means," such as by phone, during the 2020 and 2021 proxy seasons. The SEC stated that should a shareholder proponent be unable to present a proposal due to COVID-19 related hardships, SEC staff would consider this a "good cause" - within the meaning of SEA Rule 14a-8(h)(3) - to permit the proposal's inclusion in proxy materials for meetings held in the following two calendar years.
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