EllieMae Declassified Board. 8-K filing mentions the Board’s 2018 proposal but fails to mention my shareholder proposal in 2017, which won 87% of the vote and drove the Board’s 2018 proposal. Unfortunately, I am not as good at following up on implementation as I should be. This was brought to my attention thanks to a diligent […]
Netflix 2018 annual meeting is June 6, 2018. Vote FOR all of the shareholder proposals to enhance long-term value. The Board keeps ignoring our votes. We need to keep reminding them we want the normal shareholders rights. Netflix (NFLX), an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected […]
The Manhattan Institute‘s Proxy Monitor Project would call it another failure by a gadfly shareholder, since the Hain Celestial Group, Inc. (HAIN) filed for and obtained no-action relief with the SEC, allowing it to leave my proposal for a Majority Vote standard in uncontested elections off their proxy. There is no way it can now receive a majority vote from shareowners. […]
Steven Hall Partners published a list of all the failed “say on pay” votes this season to date. 56 companies failed with an average 60% ‘Against’ vote. Two additional company received less than 50% ‘For’ but considered the vote a win because ‘For’ votes outnumbered ‘Against’ votes due to abstentions. I say they’re crazy. They failed. […]
Apple ($AAPL) is one of the stocks in my portfolio. Their annual meeting is coming up on 2/27/2013. ProxyDemocracy.org had collected the votes of five funds when I checked on 2/19/2012. They listed the votes of six funds voting as of yesterday. I voted with management 46% of the time. View Proxy Statement. I voted, despite David Einhorn’s attempt to get an […]
In theory, throwing out current directors and/or electing new candidates through their proxy votes is the most important function of shareowners with respect to corporate governance. That’s how we hold our agents accountable. In practice, shareowners look like powerless wimps, even at companies with majority or plurality plus resignation election standards. At least that is […]
In case you missed it (ABA Declines to Embrace Majority Voting as Default Standard, ISS Governance, 11/2/2011) The American Bar Association’s (ABA) Corporate Laws Committee has declined a request from the Council of Institutional (more…)
Sparton will hold its annual meeting in Schaumberg IL on October 27, 2010. Proposals to be voted on include two that further improve Sparton’s corporate governance to best practices as follows: Proposal #3 includes the adoption of a Majority Voting standard for election of directors, and Proposal #4 includes the de-classifying (de-staggering) of Sparton’s board […]
An email from Lynn Turner below and frequent emails this morning from Tracey Rembert highlight key provisions we are in danger of losing, in the broader fight for shareowner rights and corporate governance. Elected officials need to hear from all of us about how important these provisions are, especially proxy access. Corporations are lobbying hard […]