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Andrew R. Droste @droste.bsky.social · 24/09/2026

Governance enhancement proposals by $AMC Entertainment (declassification, special meeting, and written consent) receive overwhelming support; however, all 3 fail to pass due to the maj. of shares outstanding reqt. Also, rare failed Say-on-Pay proposal: 45.3% #CorpGov #CEOpay

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Andrew R. Droste @droste.bsky.social · 31/08/2026

Meaningless #CorpGov / N-PX stat of the day: Carl Icahn technically voted against management Say-on-Pay proposals ~43% of the time in past year (counting abstentions) www.sec.gov/Archives/edg...

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Andrew R. Droste @droste.bsky.social · 18/08/2026

Catholic Diocese of Fort Worth has filed a shareholder proposal at FedEx requesting a report detailing how $FDX "...oversees risks related to distributing mail-order abortion drugs such as mifepristone" #CorpGov

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Andrew R. Droste @droste.bsky.social · 13/06/2026

Lowest Say-on-Pay support this year (knocking Welltower from that distinction): Just **15.6%** support for the Warner Bros. Discover $WBD comp package; Comp Committee Chair Paul Gould also fails to receive majority support (but with plurality voting, he remains on the board) #CorpGov #CEOpay

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Andrew R. Droste @droste.bsky.social · 26/01/2026

Vote-no campaigns by investor orgs using exemption solicitations (via PX14A6G filings) are effectively dead - as are follow-up solicitations from shareholder proposal proponents that own less than $5 million in shares #CorpGov

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Andrew R. Droste @droste.bsky.social · 16/10/2025

13.9% support for plastics shareholder proposal at P&G AGM #CorpGov

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Andrew R. Droste @droste.bsky.social · 23/08/2025

The question is, does it matter/would this outcome have been any different with greater expertise/experience? Will write up a more comprehensive data set on Substack later this weekend - but, in the interim, take for eg QUALCOMM’s board experience in pub policy/GVT rel. to Intel (~82% vs 36% resp.)

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Andrew R. Droste @droste.bsky.social · 07/06/2025

Ty, Nancy - exactly: 0.45% support for “Affirmative Action Risks” shareholder proposal at NFLX

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Andrew R. Droste @droste.bsky.social · 12/05/2025

Healthy support for ‘pro’-social, EEO-1 disclosure shareholder proposal at Planet Fitness $PLNT: ~37% support. Highest support level I’ve seen thus far for a prosocial shareholder proposal this proxy season. #ProxySeason #ESG #CorpGov #DEI #RacialEquity #Employees

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Andrew R. Droste @droste.bsky.social · 03/05/2025

Anti-DEI/ESG shareholder proposals at Coca-cola receive just **1.1%** and **0.76%** support from investors at this year’s AGM #ProxySeason #ESG #CorpGov #DEI #RacialEquity #Advertising

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Andrew R. Droste @droste.bsky.social · 02/05/2025

Wells Fargo AGM results out Shareholder proposal on Energy Supply Ratio disclosure from NYC Comptroller received *17.7%* support, its highest level so far this proxy season (16.3% support at Bank of America & 15.3% at Goldman) #ProxySeason #ESG #CorpGov #Climate

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Andrew R. Droste @droste.bsky.social · 02/05/2025

With the board having not opposed it, shareholder proposal regarding majority voting at Papa John’s AGM PASSES with **89.4% support** #CorpGov #ProxySeason

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Andrew R. Droste @droste.bsky.social · 02/05/2025

Anti-DEI shareholder proposal at AmEx receives just 0.95% support #ProxySeason #ESG #CorpGov #DEI

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Andrew R. Droste @droste.bsky.social · 01/05/2025

Kohl’s Board terminates CEO for Cause due to undisclosed personal ties with a vendor that led to improper business dealings—Board appoints Chair Michael J. Bender as Interim CEO. #CorpGov

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Andrew R. Droste @droste.bsky.social · 28/04/2025

Pfizer AGM results out: Say-on-Pay receives just 55% Approval of golden parachutes shareholder proposal receives 9.5% support “Religious freedom” shareholder proposal by anti-ESG proponent receives just 2% #ProxySeason #ESG #CorpGov

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Andrew R. Droste @droste.bsky.social · 01/04/2025

Fortune Brands Innovations (FBIN) Board makes no recommendation on shareholder proposal to eliminate supermajority voting at the ‘25 AGM #CorpGov

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Andrew R. Droste @droste.bsky.social · 29/03/2025

Summary Comp Table and pay vs performance table from proxy

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Andrew R. Droste @droste.bsky.social · 27/03/2025

Proponent of Scope 3 shareholder proposal at Ford this year files additional solicitation. Green Century notes that 11% of Ford’s total GHG emissions www.sec.gov/Archives/edg... #ProxySeason #ESG #NetZero #Climate

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Andrew R. Droste @droste.bsky.social · 26/03/2025

Interesting tactic by NYC for #GHG target shareholder proposal at #Ameren: “…disclose an evaluation conducted by an independent third-party of the alignment of its short- and medium-term greenhouse gas emissions reduction targets with the Paris Agreement’s goals of limiting global temperature rise.”

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Andrew R. Droste @droste.bsky.social · 25/03/2025

Governance shareholder proposal at Keysight (KEYS) receives 97% support - company will adopt annual elections of directors. Board had made no recommendation on the proposal. #ProxySeason #ESG #CorpGov

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Andrew R. Droste @droste.bsky.social · 24/03/2025

Disney AGM shareholder proposal results: Climate risks to retirement plan: 7% anti-ESG/human rights: 1.5% anti-ESG/risks related to selection of ad buyers and sellers: 0.9% #ProxySeason #ESG #CorpGov

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Andrew R. Droste @droste.bsky.social · 17/03/2025

Starbucks AGM results: - Say-on-Pay: *86%* support (91.8% last year) - Anti-ESG shareholder proposals are receive *0.8%*, *0.9%*, and *1.2%*, respectively, across proposals 4, 6, and 8 - Independent board chair shareholder proposal receives *15.4%* #ProxySeason #ESG #CorpGov #ExecPay #CEOpay

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Andrew R. Droste @droste.bsky.social · 14/03/2025

National Legal and Policy Center out with a new type of anti-DE&I shareholder proposal at Goldman Sachs, this time targeting company pay incentives: for the board to “…consider eliminating discriminatory DEI goals from compensation inducements.” Board rec is AGAINST #CorpGov #ExecPay #CEOpay

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Andrew R. Droste @droste.bsky.social · 14/03/2025

The Duke Energy (DUK) board is recommending shareholders support a Simple Majority Vote shareholder proposal at the 2025 AGM. In 2023, they made ‘no recommendation’ on an identical proposal. #CorpGov

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Andrew R. Droste @droste.bsky.social · 13/03/2025

Levi Strauss & Co. (LEVI) filed their proxy today and will face an anti-DE&I shareholder proposal at the 2025 AGM. Board recommends shareholders vote AGAINST #ProxySeason #ESG #CorpGov #DEI #RacialEquity #Employees

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Andrew R. Droste @droste.bsky.social · 03/03/2025

Kroger $KR CEO resigns after internal investigation #CorpGov www.sec.gov/Archives/edg...

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Andrew R. Droste @droste.bsky.social · 25/02/2025

92.4% support for Apple’s Say-on-Pay

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Andrew R. Droste @droste.bsky.social · 25/02/2025

#Apple AGM results out Shareholder proposals: Report on Ethical AI Data Acquisition and Usage: **11.6%** Report on Costs and Benefits of Child Sex Abuse Material-Identifying Software & User Privacy: **8.9%** Request to Cease DEI Efforts: **2.3%** Report on Charitable Giving: **1.9%**

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Andrew R. Droste @droste.bsky.social · 06/02/2025

Starboard files proxy contest at $40B Kenvue (KVUE), seeks 4 board seats “…Kenvue has suffered from persistent disappointing and deteriorating financial results, missed commitments, and ineffective Board oversight…” #ProxySeason #ESG #CorpGov #Activism

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Andrew R. Droste @droste.bsky.social · 06/02/2025

Audit Chair at SPI Energy (SPIEF) claims in resignation letter that the company owes him ~$400,000 in “outstanding director fees” dating back to 2021 #CorpGov

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Andrew R. Droste @droste.bsky.social · 30/01/2025

Anti-trans shareholder proposal at Visa received less than 1% support from investors at the AGM on Tuesday #ProxySeason #ESG #CorpGov #DEI #Healthcare #Employees

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Andrew R. Droste @droste.bsky.social · 28/01/2025

The Fair Isaac (FICO) Say-on-Pay proposal last AGM received just over 58% support. Company filed their 2025 proxy today - YoY CEO pay has decreased from $66 million to $35 million #CorpGov #ExecPay #CEOpay

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Andrew R. Droste @droste.bsky.social · 28/01/2025

Ancora nominates a majority director slate and proposes Alan Kestenbaum as CEO for United States Steel #ProxySeason #CorpGov #ProxyContest

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Andrew R. Droste @droste.bsky.social · 28/01/2025

3 dissident nominees elected to the Air Products and Chemicals, Inc. board in proxy contest with Mantle Ridge #ProxySeason #CorpGov #ProxyContest

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Andrew R. Droste @droste.bsky.social · 28/01/2025

Norfolk Southern announces newest board director in connection with the Cooperation Agreement with Ancora #CorpGov

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Andrew R. Droste @droste.bsky.social · 27/01/2025

The official vote results at #Costco are in: **1.69%** support for the anti-DE&I shareholder proposal #ProxySeason #ESG #CorpGov #DEI #Diversity #Employees

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Andrew R. Droste @droste.bsky.social · 25/01/2025

New Starbucks CEO who was brought on in September pulled in ~$96 million in 2024 #CorpGov #ExecPay #CEOpay

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Andrew R. Droste @droste.bsky.social · 24/01/2025

Nordstrom’s Chief Customer Officer, CFO, and CTO receives $1,790,000, $1,750,000, and $1,660,000 cash retention bonuses, respectively #CorpGov #ExecPay #CEOpay

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Andrew R. Droste @droste.bsky.social · 24/01/2025

Board recommends investors reject this

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Andrew R. Droste @droste.bsky.social · 24/01/2025

Conservative activist NLPC files anti-union shareholder proposal at #Starbucks for the 2025 AGM #ProxySeason #ESG #CorpGov #Employees

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Andrew R. Droste @droste.bsky.social · 24/01/2025

JPMorgan $JPM CEO Jamie Dimon made $39 million in 2024, an 8% YoY bump #CorpGov #ExecPay #CEOpay www.sec.gov/Archives/edg...

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Andrew R. Droste @droste.bsky.social · 24/01/2025

here’s the pay vs peer group TSR performance

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Andrew R. Droste @droste.bsky.social · 24/01/2025

Disney CEO Bob Iger made $41 million in FY24, a ~30% YoY increase #CorpGov #ExecPay #CEOpay

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Andrew R. Droste @droste.bsky.social · 23/01/2025

Dana Incorporated entered into an amendment to its Director Appointment and Nomination Agreement with Icahn Group. The amendment appoints two new directors: Brett Icahn and Christian Garcia #CorpGov

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Andrew R. Droste @droste.bsky.social · 23/01/2025

To boot, DIS will also face two other shareholder proposals

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Andrew R. Droste @droste.bsky.social · 23/01/2025

Conservative activist has filed another anti-S shareholder proposal, this time at #Disney. The proposal calls for $DIS to “reconsider its participation in the Human Rights Campaign’s Corporate Equality Index,” citing Disney’s perfect score. The board recommends investors reject this.

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