Welcome to the latest edition of Fenwick’s Securities Law Update. This issue contains updates and important reminders on:
- Form 10-K and proxy statement disclosures and upcoming compliance deadlines
- Vanguard releasing its 2025 proxy voting policy, including updated sections on board composition and environmental/social proposals
- New and updated compliance and disclosure interpretations from the SEC regarding notices of exempt solicitations
- SEC leadership transition updates and potential upcoming changes
- The SEC’s complaint against Elon Musk in federal court for delayed disclosure of his ownership interest in Twitter
- The SEC’s filing of charges against a restaurant-technology company for AI-washing