N.J. Admin. Code § 11:2-6.16 - Matters not required to be submitted

(a) If action is to be taken with respect to any matter which is not required to be submitted to a vote of stockholders, the proxy statement shall state:

1. The nature of such matter;

2. The reason for submitting it to a vote of stockholders; and

3. That action which is intended to be taken by the management in the event of a negative vote on the matter by the stockholders.

Notes

N.J. Admin. Code § 11:2-6.16