JD Supra

Preparing for the Mandatory Universal Proxy Card and Its Potential Impacts on Shareholder Activism and Proxy Contests

Shareholder activism continued unabated in 2022 and we see very little to suggest that will change in 2023. Overall, the number of activist campaigns were up 36% in 2022.[1] However, activists ...
Roll Call

More board seat battles expected as universal proxy card mandate takes effect

Universal proxy cards, mandated this month for use for the first time in U.S. corporate board elections, are promising to spice up elections for contested director seats. Gone are the blue and gold ...
JD Supra

Lessons From the First Few Contests Under the Universal Proxy Rules, and the Outlook for 2023

The Securities and Exchange Commission’s (SEC’s) new universal proxy rules, which took effect for meetings after August 31, 2022, require the use of “universal” proxy cards in all director election ...
Nasdaq

ISS Recommends Shareholders Vote the GOLD Proxy Card "FOR" Saba Capital’s Nominees at Four Major BlackRock Closed-End Funds

A Leading Independent Proxy Advisory Firm Has Now Endorsed Boardroom Change at the BlackRock Innovation and Growth Term Trust, BlackRock ESG Capital Allocation Term Trust, the BlackRock Science and ...
Rutland Herald

Leading Independent Proxy Advisory Firm Glass Lewis Supports Impactive’s Case for Change at WEX

Impactive Capital, LP (“Impactive” or “we”), together with its affiliates, is one of the largest shareholders of WEX Inc. (NYSE: WEX) (the “Company” or “WEX”) with an ownership interest of ...
The National Law Review

SEC Proposes Amendments to Require Use of Universal Proxy Cards

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
Nasdaq

Final Reminder for SINOVAC Shareholders to Vote the WHITE Proxy Card "AGAINST" Misguided Proposals 1 and 2

“[T]he [current] board appears to be working to pay SVA shareholders their fair share of dividends, and to resume trading of the company's shares, which are the two most pressing issues currently ...
Business Wire

All Three Leading Independent Proxy Advisory Firms Recommend Norfolk Southern Shareholders Vote “FOR” Significant Boardroom Change on the BLUE Proxy Card

CLEVELAND--(BUSINESS WIRE)--Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) ...