Proxy Update – Commonsense Principles of Corporate Governance

" On Thursday July 21, 2016 a group composed of 13 executives released a letter and subsequent guidelines detailing their views on “commonsense” corporate governance principles in an attempt to improve how American companies are run.  The group, listed below, includes CEOs of public companies, a number of major asset managers, an activist investor and a …

Proxy Access Update – July, 2016

" Proxy Access Update – July, 2016 As the 2016 proxy season draws to a close, Morrow Sodali has prepared the following update on proxy access proposals and bylaws. 2016 Proxy Access Proposals Shareholder Proposals.  As of July 7, 2016, a total of 79 shareholder proposals have gone to a vote in 2016, with another currently …

Del Taco Restaurants, Inc. Warrant Exchange

" Del Taco Restaurants, Inc. (Nasdaq:TACO) has commenced an offer to exchange 0.2780 shares of the Company’s common stock for each outstanding Company warrant exercisable for Shares at an exercise price of $11.50 per Share (the “Warrants”) (approximately one Share for every 3.6 Warrants tendered), up to a maximum of 6,750,000 Warrants. The Offer to Exchange …

Salesforce and Demandware

" Salesforce (NYSE: CRM), the world’s largest CRM company, and Demandware (NYSE: DWRE), the industry-leading provider of enterprise cloud commerce solutions, have entered into a definitive agreement under which Salesforce will acquire Demandware in a transaction worth approximately $2.8 billion (net of cash acquired). Under the terms of the agreement, Salesforce will commence a tender offer …