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AI brief of an SEC Form 8-K · SPECIAL OPPORTUNITIES FUND, INC. (SPE)

Special Opportunities Fund seeks SEC ruling on new proxy voting procedure

Neutral Impact 3 of 5 legal/regulatory Written later

Special Opportunities Fund (SPE) asked the Securities and Exchange Commission on December 13, 2011 for a declaratory order confirming that its new proxy voting procedure will not violate Section 12(d)(1) of the Investment Company Act of 1940. The fund's SEC staff had indicated it disagreed with the board's reading of the "seek instructions" option, so the board sought a ruling before implementing the procedure, which shareholders approved on December 7, 2011.

Key points

  • Shareholders approved the "seek instructions" proposal at the December 8, 2011 annual meeting: 3,116,846 for, 45,200 against, 37,028 abstain
  • Shareholders casting 98.57% of votes cast for or against supported the proposal
  • The board intends to implement the procedure on March 1, 2012 and requests an SEC order before that date

The filing

CompanySPECIAL OPPORTUNITIES FUND, INC. (SPE)
Form8-K, current report
Filed with the SECDec 14, 2011, 12:30 PM ET
Accession number0000894189-11-005610

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 14, 2011.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.