I get frequent alerts for news on shareowner activism from various sources. I’ve seen this press release sent out by Susman Godfrey L.L.P. concerning their win against a small shareowner pop up so many times I can no longer ignore it. (more…)
Tag Archives | KBR
KBR Moves Out of the Corporate Governance Stone Age
James McRitchie, 01/26/2012 ,
Last year, KBR sued investor and USPX member John Chevedden after he submitted a proxy proposal seeking annual elections, rather than the current (more…)
KBR: Not One of Our Favorites
James McRitchie, 06/15/2011 ,
Lawyers for a former female employee of defense contractor KBR Inc. argued in federal court Tuesday that the company had turned a blind eye to sexual harassment, fueling an environment (more…)
WSJ Reports Inaccurately on SLAPP Suits
James McRitchie, 06/06/2011 ,
Jessica Holzer, writing for The Wall Street Journal informs readers this morning, Firms Try New Tack Against Gadflies: Corporations Look to Block Shareholder Activists’ Proposals by Challenging the Size of Their Stakes – WSJ.com. Companies have long viewed shareholder activist John Chevedden as a pain. The retired aerospace worker and his network of like-minded activists […]
Take Action: Sixty Years of ShareOwner Rights at Risk
James McRitchie, 04/14/2011 ,
Your right to file a proxy without being hauled into court or having your proposal ignored is at risk. I urge readers to raise the profile of the SEC’s failure to act by sending e-mails to the Office of Chief Counsel at shareholderproposals@sec.gov and the Chairman at chairmanoffice@sec.gov. I also recommend you fill out the complaint form at https://tts.sec.gov/oiea/QuestionsAndComments.html, since […]
Texas Secession Led by Apache, KBR and Kinetic Concepts
James McRitchie, 04/11/2011 ,
The American Civil War began on April 12, 1861 or 150 years ago today. Texas companies now appear to believe they are again outside the United States with respect to federal laws regarding proxies, based on the flawed decisions of Judge Lee H. Rosenthal. As reported at theCorporateCounsel.net on April 5th: KBR filed a lawsuit in […]
Retail Proponents Survive Eligibility Challenges
James McRitchie, 03/09/2011 ,
In separate rulings, SEC staff rejected requests by Prudential Financial, Union Pacific, and Devon Energy to omit governance proposals filed by John Chevedden. They argued Chevedden’s proof-of-ownership letters did not comply with SEC Rule 14a-8(b). However, each of his broker’s letters stated that Chevedden holds shares through them and they also identified a member of […]
KBR Channels Apache: Chevedden Sued Again
James McRitchie, 01/21/2011 ,
It’s a case of legal déjà vu for John Chevedden. The retired aerospace worker and shareholder activist is once again facing a legal challenge in his attempt to submit a proposal to shareholders of a public company. This time, it’s KBR. Last year, Chevedden was sued by Apache Corp., which rejected his shareholder proposal because […]