Client Alert: The Impact of COVID-19 on 2020 Annual Meetings

In light of the evolving threat of COVID-19, on March 13, 2020, the Securities and Exchange Commission released guidance related to annual shareholder meetings in response to government and health officials’ regulations and recommendations limiting public gatherings and imposing travel restrictions in an effort to mitigate the spread of the virus. Companies should assess the legal and practical implications of the alternatives to in-person meetings. Set forth in this Client Alert are some of the key issues to consider when making a determination regarding whether to hold a virtual or hybrid shareholder meeting.