On September 6, the staff of the Division of Corporation Finance (the Staff) of the Securities and Exchange Commission announced changes (the Announcement) concerning its procedures for administering Rule 14a-8 under the Securities Exchange Act of 1934. Specifically, starting with the 2019-2020 proxy season, in response to no-action requests by companies seeking to exclude shareholder proposals from their proxy materials pursuant to Rule 14a-8, the Staff may provide an oral statement of its view, rather than issuing the statement in writing. The Staff clarified that its response to such a request may be that it agrees, disagrees or declines to state a view with respect to the company’s basis for excluding the shareholder proposal, and, when the Staff declines to state its view with respect to a particular no-action request under Rule 14a-8, the interested party or parties should not interpret that as indicating the proposal must be included in the company’s proxy materials. As a reminder, the granting of no-action relief by the Staff confirms that the Staff will not recommend that the SEC bring an enforcement action against the requester based on the facts and representations described in the request, but, as noted in the Announcement, regardless of the Staff’s position, parties may still bring a suit in court to have the issue adjudicated on the merits. Additionally, the Staff will still issue written response letters when “doing so would provide value, such as more broadly applicable guidance about complying with Rule 14a-8.” The Announcement also reiterated prior guidance that, when a company request for no-action relief is being made under paragraphs (i)(5) (Relevance) or (i)(7) (Management functions) of Rule 14a-8, it is helpful to the Staff for the company to provide its board of directors’ analysis.
The full text of the Announcement is available here. [...]
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When buying a home, many people opt for a conventional loan, a type of mortgage that’s readily available from most lenders. Here’s a look at the qualification requirements. What is a conventional loan? Conventional loans aren’t backed by a government agency, but they do follow some government guidelines. Most conventional loans conform to loan limits...
Beth Buczynski is a writer at NerdWallet. Email: firstname.lastname@example.org. Twitter: @bethbuczynski.
The article Conventional Loan Requirements and Guidelines for 2019 originally appeared on NerdWallet. [...]
Fires, lightning and hail. Windstorms, vandals and burglars.
If you own a home, you need insurance to protect it from threats like these. Heck, if you have a mortgage on your home — like almost all of us do — you’re required to have homeowners insurance.
And if you have homeowners or renters insurance, it’s a fact that you might be paying too much for it. That’s because insurance companies are notorious for charging wildly varying rates.
Try shopping around. Start by getting a free quote. You literally have nothing to lose by doing this.
We recommend checking out the online insurance company Lemonade, where renters insurance starts at $5 a month and home insurance starts at $25 a month.
While homeowners insurance starts at $25, that doesn’t mean you’re skimping on coverage. Your ultimate price will depend on factors such as your home’s size, location and age; and the coverage amounts you choose. It’s just that Lemonade starts out at an affordable level.
Here’s how easy it is to get a quote. You can do it all online, and it won’t hurt your credit score.
Click “Check Our Prices.”
Meet Maya, Lemonade’s friendly bot, who will ask you a few questions.
Once you complete the application, you’ll receive a quote within a minute or two.
Lemonade is a Transparent Beverage
Beyond affordable rates, Lemonade adds a layer of transparency you don’t often see in the insurance world. Instead of profiting extra when it doesn’t have to pay out claims, the company keeps a set 20% of your premium for itself, and 80% goes into a pool for paying claims. Money left over after paying claims each year goes to a charitable cause of your choice.
That also means Lemonade isn’t going to be conflicted about granting customers the claims they deserve — because the money isn’t going into its pockets.
Homeowners insurance covers the cost of repairing or rebuilding your home if it gets damaged by fire or the kind of natural disaster insurers call “acts of God.” When you borrow money from a bank to buy a house, it’ll require you to insure that asset.
Renters insurance covers the cost of replacing your possessions if they’re stolen or damaged by fire or vandalism. Most don’t cover flooding. Exactly what it covers depends on the policy.
Here’s what else to know about Lemonade:
There are no insurance agents. You do the whole thing online through Lemonade’s website or through its Apple or Android apps. You sign up and make claims online.
It’s available in Arkansas, Arizona, California, Colorado, Connecticut, Georgia, Illinois, Indiana, Iowa, Maryland, Michigan, Nevada, New Jersey, New Mexico, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia, Washington, D.C. and Wisconsin.
You can get discounts for having safety equipment, such as fire and burglar alarms.
It’s easy-peasy, lemon-squeezy.
Mike Brassfield (email@example.com) is a senior writer at The Penny Hoarder. When life gives him lemons, he squeezes them in people’s eyes.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017. [...]