Shareholder Rights Plan Adoption and Disclosure Checklist (Poison Pill)

Summary

Once a board has decided to adopt a poison pill, various mechanical and disclosure concerns arise. This checklist serves as a starting point for the issues and tasks a board will confront once the pill has been adopted. For more information on shareholder rights plans generally see Shareholder Rights Plan Policy, Poison Pills: Fiduciary, Filing, and Disclosure Obligations, and Shareholder Rights Plan Fiduciary Review Process Checklist (Poison Pill).