Get the free City National Corporation Shareholder Proposal Exclusion Response - sec

This document is a formal communication from the U.S. Securities and Exchange Commission to City National Corporation, addressing the proposal submitted by the New England Carpenters Pension Fund

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How to fill out City National Corporation Shareholder Proposal Exclusion Response

1. Review the proposal to understand the content and intent.
2. Identify the grounds for exclusion under the relevant SEC rule.
3. Gather supporting documentation that aligns with the exclusion grounds.
4. Draft a response that clearly states the reasons for exclusion, citing specific rules.
5. Include any relevant facts or information that supports the exclusion.
6. Review and edit the response for clarity and compliance with SEC guidelines.
7. Submit the proposal exclusion response to the appropriate regulatory body as required.

Who needs City National Corporation Shareholder Proposal Exclusion Response?

1. Shareholders seeking to present proposals at annual meetings.
2. Company management wanting to exclude certain proposals from their agenda.
3. Legal teams ensuring compliance with SEC regulations regarding shareholder proposals.

People Also Ask about

Can shareholder proposals hurt shareholders evidence from securities and Exchange Commission no action letter decisions?

Taken together, the evidence suggests that managers may be serving shareholder interests in opposing some proposals and that the no-action-letter process may be helping shareholders by weeding out value-reducing proposals.

What is the SEC no action rule?

An individual or entity who is not certain whether a particular product, service, or action would constitute a violation of the federal securities laws may request a "no-action" letter from the SEC staff.

What is a non action letter from the SEC?

In March, the SEC issued a no-action letter with guidance about ways issuers can satisfy accredited investor verification requirements of offerings to comply with Rule 506(c) under Regulation D. The SEC letter allows companies to raise capital without independently verifying the purchase's investor status.

What is the rule of three no-action letter?

This no-action letter has given rise to what practitioners refer to as the “rule of three,” which provides that, where voting and investment decisions regarding an entity's portfolio are made by three or more persons and a majority of those persons must agree with respect to voting and investment decisions, then none

What is a no-action?

Through the No-Action Letter (NAL) process, established by Commission order on November 18, 2005, persons may obtain written advice as to whether staff would recommend that the Commission take no enforcement action with respect to specific proposed transactions, practices, or situations.

What is the new SEC short rule?

The new rule is designed to enhance market transparency and regulatory oversight of short-selling activities, in response to concerns about manipulative or abusive short selling and the lack of transparency of short positions to both market participants and regulators.

Are shareholder proposals binding on the corporation?

Generally, these proposals require higher levels of shareholder support to pass, because if passed they often take binding effect as part of the company's constitution or articles of association. Voting on resolutions can create binding or non-binding outcomes for the company.

What is the rule 14a-8 for shareholder proposals?

Rule 14a-8(i)(5) permits a company to exclude a shareholder proposal that “relates to operations which account for less than 5 percent of the company's total assets at the end of its most recent fiscal year, and for less than 5 percent of its net earnings and gross sales for its most recent fiscal year, and is not

For pdfFiller’s FAQs

What is City National Corporation Shareholder Proposal Exclusion Response?

The City National Corporation Shareholder Proposal Exclusion Response is a formal communication from the company to shareholders, outlining its reasons for excluding specific shareholder proposals from being considered at the annual meeting.

Who is required to file City National Corporation Shareholder Proposal Exclusion Response?

City National Corporation is required to file the Shareholder Proposal Exclusion Response with the Securities and Exchange Commission (SEC) when it intends to exclude a shareholder proposal from its proxy materials.

How to fill out City National Corporation Shareholder Proposal Exclusion Response?

To fill out the City National Corporation Shareholder Proposal Exclusion Response, the company must provide details regarding the proposal being excluded, the specific reasons for exclusion, and any relevant legal or regulatory references supporting the decision.

What is the purpose of City National Corporation Shareholder Proposal Exclusion Response?

The purpose of the City National Corporation Shareholder Proposal Exclusion Response is to provide shareholders and regulators with a clear explanation of why certain proposals cannot be included in the proxy statement, thereby ensuring compliance with SEC regulations.

What information must be reported on City National Corporation Shareholder Proposal Exclusion Response?

The City National Corporation Shareholder Proposal Exclusion Response must report the identity of the shareholder proposing the exclusion, the content of the proposal, the reasons for the exclusion, and any legal grounds justifying the response.