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 …

Proxy Update – State Street Global Advisors – Voting Guidelines

" State Street Global Advisors – Voting Guidelines Firmly Focused on the Long-Term  In late February, 2016, Ronald P. O’Hanley, President and CEO of State Street Global Advisors released a letter and guidelines for “Effective Independent Board Leadership”.  In his letter Mr. O’Hanley stresses the importance of long-term value creation and the perils of companies focusing …

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 …