Yesterday, the SEC proposed rules permitting companies and others soliciting proxies to satisfy their obligations to furnish proxy materials to shareholders through a “notice and access” model. Under the proposed rules, proxy materials would be posted on an internet web site (other than EDGAR). Notice of delivery using this method would be sent to shareholders at least 30 days before the shareholder meeting. If adopted, the new rules are expected to result in significant savings to public companies while also offering persons other than the company a less costly way to solicit proxies.  The proposed rules have not yet been published and are not expected to be in effect for the upcoming proxy season.   The SEC’s press release can be found at http://www.sec.gov/news/press/2005-166.htm.