By Cydney Posner

Yesterday, the SEC posted a couple of updates to its Form 8-K FAQs, both under Item 5.02. The first FAQ was updated only to make exception for the situation discussed in the second FAQ. Without the exception, as discussed by Brett White at a previous public companies meeting, the FAQs appeared to require many public companies to file rather useless 8-Ks to report conditional resignations by directors where the company had adopted majority voting provisions that required all directors to submit in advance resignations conditioned upon their receiving fewer than a majority of the votes.

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