REMINDER: 2022 Nasdaq Board Diversity Disclosure and D&O Questionnaires
As issuers prepare for the end of the 2021 calendar year and the beginning of the 2022 proxy season, many will soon begin circulating director and officer questionnaires. Nasdaq-listed issuers should consider including new questions regarding the diversity of their directors now. To assist listed issuers, Nasdaq has provided sample questions for inclusion in director and officer questionnaires.… More
The Nasdaq Stock Market has adopted a new rule, Rule 5635T, intended to provide limited, 
temporary relief from the requirement to obtain stockholder approval for certain capital-raising transactions during the COVID-19 pandemic. Although the rule will be effective only until June 30, 2020, it should provide welcome relief to Nasdaq-listed companies eager to raise funds as quickly as possible to maintain operations during the pandemic.
Ordinarily, a public company seeking to issue more than 20% of its outstanding shares at a below-market price (other than in an underwritten public offering for cash) would have to obtain stockholder approval for the issuance.… More