Caterpillar 2022 annual meeting is June 8, 2022, at 6 AM Pacific. It is a virtual-only meeting on the Compushare platform. Entry requires retail shareholders to obtain a legal proxy — a real hassle. Of course, I recommend voting in advance, especially since many companies cut off voting as soon as proposals have been presented. To enhance corporate […]
Pegasystems 2021 annual meeting is June 22, 7 AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. To participate, you will need the 16-digit control number provided on your proxy card or voting instruction form. Of course, I recommend voting in advance. To enhance long-term value. Vote AGAINST Gyenes, […]
Allegiant Travel Company (ALGT) is the subject of the PX14A6G filing below. Mr. Chevedden is concerned that Allegiant Travel Company is requiring an in-person meeting during this Covid-19 pandemic, despite guidance to the contrary from the SEC. From Yahoo Finance: (more…)
Amazon 2020 annual meeting is 5/27/2020 at 9AM Pacific virtually by entering the eligible shareholder’s 16-digit control number found on the proxy card. To enhance long-term value: Vote AGAINST Ryder. Auditor, Pay, 25% threshold, Viewpoint. Vote FOR all shareholder proposals except #12. See list of all virtual-only meetings maintained by ISS. (more…)
Bill Steiner Had Huge Impact Bill Steiner would have seen the 2020 proxy season as a busy and exciting one for individual shareholder activists. While the SEC considers changes (your comments can still have impact, even if submitted late) to reduce the influence of shareholders, so called “gadflies” continue to demonstrate leadership, effectiveness and ability […]
IBM 2020 annual meeting is 4/28/2020, 7AM Pacific. To attend the virtual Annual Meeting, please visit: www.meetingcenter.io/244134877. To vote at the meeting, login with your unique 15-digit control number. To enhance long-term value: Vote AGAINST Michael L. Eskew, Andrew N. Liveris, Alex Gorsky, Martha E. Pollack, Joseph R. Swedish, Virginia M. Rometty, Sidney Taurel, Auditor, […]
I posted one of several responses to the following question on Quora: Do you find investing in the stock market a good investment strategy or a scam? I thought my blog readers may also be interested in what I posted to Quora. Here it is with minor changes. (more…)
Franklin Resources 2019 annual meeting is 2/12/2019. Shareholder rights are under attack. Vote AGAINST Barker, Johnson, Pigott, Stein, and Waugh, as well as the auditor. Most important, vote AGAINST the Board’s attempted Ratification of a Substitute Special Meeting Amendment. Shields up! Vote to protect shareholder rights and enhance long-term shareholder value. (more…)
Salesforce CRM Adopts Special Meetings provision for shareholders with 15 Percent Shares. I am just circling back and can now ensure myself and readers that our 50.5% win on our 2017 proposal was implemented. See exhibit 3.1 and 3.2 of 8-K filing. We also expect to see action on our 2018 proposal to end supermajority […]
Shareholder Alert – PX14A6G 1 g815180px14a6g.htm Voluntary submission by John Chevedden, Redondo Beach, CA. NetApp, Inc. shareholder since 2011 Vote Against Proposal 6 Proposal 6 asks shareholder to give management a pat on the back because management adopted a watered down version of a 2018 shareholder proposal on the right of 10% of shareholders to […]
Walgreens Boots Alliance (WBA), operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. Walgreens opposes giving shareholders more effective proxy access to enable us to place nominees on our company’s ballot. Additionally, Walgreens opposes lowering the threshold to enable shareholders to call […]
$UNFI, United Natural Foods, Inc. distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. $UNFI opposes giving shareholders effective rights to allow shareholders to call a special meeting and opposes putting change-in-control agreements to a shareholder […]
Sorry, this Caterpillar Inc Proxy Voting Guide comes late, since tomorrow is the last day to vote unless you attend the annual meeting. Caterpillar Inc. (CAT) manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for heavy and general construction, rental, quarry, aggregate, mining, waste, material […]
International Business Machines Corporation (NYSE: IBM) provides information technology (IT) products and services worldwide. IBM is one of the stocks in my portfolio. ProxyDemocracy.org had collected the votes of two fund families when I checked and voted. Their annual meeting is coming up on April 25, 2017. I voted FOR Proxy Access, Special Meeting amendments and report on lobbying. See how and […]
Ford Motor Company (NYSE:F, $F) manufactures or distributes automobiles across six continents. It is one of the stocks in my portfolio. Their annual meeting is coming up on May 12, 2016. ProxyDemocracy.org had collected the votes of three funds when I checked. Vote AGAINST pay, compensation committee, poison pill; FOR shareholder proposals to transition out of dual class shares and to […]
Chipotle Mexican Grill, Inc (NYSE:CMG, $CMG) develops and operates Chipotle Mexican Grill restaurants, which serve a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. It is one of the stocks in my portfolio. Their annual meeting is coming up on May 11, 2016. ProxyDemocracy.org had collected the votes of 2 funds when I […]
Bristol-Myers Squibb Co (NYSE:BMY, $BMY) is engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of biopharmaceutical products across the world. It is one of the stocks in my portfolio. Their annual meeting is coming up on May 3, 2016. ProxyDemocracy.org had collected the votes of four fund families when I checked. Vote AGAINST pay, compensation committee – […]
Yahoo! Inc. (YHOO), one of the stocks in my portfolio, is engaged in providing Internet search, communication and digital content. Their annual meeting is coming up on 6/24/2015. ProxyDemocracy.org had the vote of three funds when I checked and voted on 6/15/2015. I voted with the board 46% of the time and assigned YHOO a proxy score of 46. […]
SolarCity Corp (NASD:SCTY), one of the stocks in my portfolio, is a global networking company that delivers products to consumers, businesses and service providers. Their annual meeting is coming up on 6/2/2015. ProxyDemocracy.org had the votes of one fund when I checked on 5/25/2015. I voted with Board recommendations 17% of the time. (more…)
NextEra Energy Inc (NYSE:NEE), one of the stocks in my portfolio, generates, transmits, and distributes electric energy in the United States and Canada. Their annual meeting is coming up on 5/21/2015. ProxyDemocracy.org had the votes of two funds when I checked and voted on 5/14/2015. I voted with management 64% of the time and assigned NextEra Energy a proxy score of […]
Ford Motor Company (NYSE:F) is one of the stocks in my portfolio. Ford Motor Company (Ford) is a manufacturer of automobiles is engaged in other businesses, including financing vehicles. Their annual meeting is coming up on 5/14/2015. ProxyDemocracy.org had the votes of three funds when I checked and voted on 5/7/2015. I voted with management 47% of the time and […]
The Manhattan Institute‘s Proxy Monitor Project would call it another failure by gadfly shareholders, since United Natural Foods Inc. (UNFI) filed and was granted a no-action request by the SEC to exclude our proposal to allow shareowners with 15% of the outstanding UNFI shares to call a special meeting. Since the proposal cannot receive a majority vote from shareowners, the […]
With John Chevedden‘s help, I recently submitted shareowner proposals to United Natural Foods Inc. (UNFI) and The Hain Celestial Group, Inc. (HAIN). Both have asked the SEC for no-action letters [UNFI (UNFI no-action 8-15-2014 pdf) and HAIN] because they plan to introduce their own proposals on the same subjects. The SEC is likely to grant both requests. Shouldn’t such actions […]
Guest Post: Andrew Shapiro is Founder, President and Portfolio Manager of Lawndale Capital Management, an investment advisor that has managed activist hedge funds focused on small- and micro-cap companies for over 21 years, one of the longest periods of experience deploying an activist/relational investment strategy today. The following is a press release from Lawndale. I […]
Guest Post from Darius Peek, a junior at Wayne State University in Detroit, MI, majoring in Finance who presented our proposal to allow shareowners to call special meetings. ITC Holdings (ITC), the nation’s largest independent electric transmission company, held its annual shareholders meeting yesterday at its headquarters in Novi, Michigan. ITC invests in the electric transmission […]
Ford Motor Company $F is one of the stocks in my portfolio. Their annual meeting is on 5/8/2014. ProxyDemocracy.org had collected the votes of two funds when I checked and voted on 5/4/2014. I voted with management 52% of the time. View Ford’s Proxy Statement, which is user friendly. Warning: Be sure to vote each item on the proxy. Any […]
The Walt Disney Company, $DIS, is one of the stocks in my portfolio. Their annual meeting is coming up on 3/18/2014. ProxyDemocracy.org had collected the votes of three funds when I checked and voted on 3/9/2014. I voted with management 60% of the time. View Proxy Statement. (more…)
Is SEC Rule 14a-8(i)(9) fair? Should the SEC amend the rule? What’s your opinion? I think the rule is problematic and needs changing. In this post I explain why, using my proposal at Disney (DIS) to allow shareowners to call a special meeting as an example. Here’s the text of the SEC rule: (more…)
I am delighted to announce that Kalpona Akter, a former garment worker from Bangladesh who is the executive director of the Bangladesh Center for Worker Solidarity, will have access to the floor of the WalMart ($WMT) annual meeting on Friday, June 7 in Bentonville, Arkansas. She has been an outspoken critic of sweatshop conditions in Bangladesh […]
Wal-Mart Stores (WMT) is one of the stocks in my portfolio. Their annual meeting is coming up on 6/6/2013. ProxyDemocracy.org had collected the votes of three funds when I checked on 5/31/2013. I voted with management 57% of the time. View Proxy Statement. (more…)
Ford ($F) is one of the stocks in my portfolio. Their annual meeting is coming up on 5/9/2013. ProxyDemocracy.org had collected the votes of four funds when I checked on 5/3/2013. I voted with management 64% of the time. View Proxy Statement. Warning: Be sure to vote each item on the proxy. Any items left blank are voted in favor of management’s […]
Netflix Inc. (NFLX), which has lost half its value in the last two years, adopted an antitakeover plan (poison pill) intended to block activist investor Carl Icahn from expanding his nearly 10% stake. They did so without seeking shareowner approval and the pill may make it harder to find a buyer. Writing for the WSJ, Miriam Gottfried notes, Netflix […]
Biogen Idec (BIIB)($BIIB) is one of the stocks in my portfolio. Their annual meeting is coming up on 6/8/2012. Voting ends on 6/7 at Moxy Vote’s proxy voting platform, which had 6 recommendations “from good causes,” including 2 consolidations, when I checked and voted on 6/5. ProxyDemocracy.org had 6 funds voting. I voted (more…)
Home Depot ($HD) is one of the stocks in my portfolio. Their annual meeting is coming up on 5/17/2012. Voting ends 5/16 on Moxy Vote’s proxy voting platform, which listed 10 “good causes,” but four were consolidations, when I checked and voted on 5/14. ProxyDemocracy.org had only 1 fund voting. I voted with management 86% of the time. (more…)
Looking through a few of the relatively recent no-action letters, I see the SEC continues to buy into substitute proposals at higher thresholds to call a special meeting than those proposed by shareowers. In the latest insult, a no-action letter was issued to Hain Celestial to deflect a proposal from Kenneth Steiner calling for a […]