The SEC granted Textron (TXT) no-action relief on March 7, allowing them to drop Ken Steiner’s proxy access proposal based on their decision that paragraphs 1-5 and 7 of the USPX proxy access template deal with (more…)
Tag Archives | TXT
Proxy Access Proposals Challenged: Starting to Post Responses
James McRitchie, 01/19/2012 ,
ISS reported that Textron filed a Dec. 23 no-action petition with the SEC to omit a shareowner proposal from Ken Steiner that seeks proxy access using the model proposal developed by USPX. This appears to be the first no-action request filed on a proxy access proposal this season. The company asserts that Steiner’s resolution improperly constitutes multiple […]
Proxy Access: Two Proposals Filed, More USPX Members Needed
James McRitchie, 11/16/2011 ,
The first USPX type proxy access proposal was submitted by Kenneth Steiner (with help from John Chevedden and other members of USPX), which went to MEMC Electronic Materials, Inc. (WFR) on 11/11/2011. Here’s the Whereas portion (the rest is the same as the standard USPX proposal). WHEREAS, Most long-term shareowners have no reasonable means to […]