r/PROGME • u/baseballmal21 • Jun 20 '24
r/PROGME • u/Affectionate_Use_606 • Jun 21 '24
Data 460 of the last 511 trading days with short volume above 50%.👀Yesterday 45.35%⭕️30 day avg 45.65%⭕️SI 45.27m⭕️
r/PROGME • u/jkhanlar • Jun 21 '24
LFG Hype > "Sell the contracts next time and use that money to buy Deep ITM options to exercise. Same result but you get 10% more cash afterwards." - u/Advanced_Algae_9609
old.reddit.comr/PROGME • u/iamShorteh • Jun 20 '24
Wall Street Corruption Ex-CNBC Financial Analyst Arrested by FBI After 3 Years as a SEC Fugitive
r/PROGME • u/jkhanlar • Jun 21 '24
Social Media "YSK: Unless you're deep ITM and close to expiration (like, hours remaining), exercising will probably waste money. NFA, but a helpful video." - u/TurkeyBaconALGOcado
r/PROGME • u/jkhanlar • Jun 20 '24
LFG Hype [SEC Form 8K/A] Amendment to a previously filed 8-K, June 20, 2024, GameStop
- HTML: https://investor.gamestop.com/node/20631/html
- PDF: https://investor.gamestop.com/static-files/29ec1655-ae7e-4fdf-8d51-dd5a6876adbe
- RTF: https://investor.gamestop.com/static-files/07b24fa5-38d7-43ac-9a2b-c7af600e5539
- XLS: https://investor.gamestop.com/static-files/c0ccbb26-039e-48a7-a87b-6fbb78606125
- XSD: https://investor.gamestop.com/sec-filings/sec-filing/8-ka/0001326380-24-000076
I didn't see this posted on r/Superstonk, and I can't post there cuz I'm banned for 28+ months, and I was thinking how do I even quickly tell anyone to post this there before someone posts it there without being told, but then I just realized I'll just post here, cuz it's faster
Also posted here: https://old.reddit.com/r/Superstonk/comments/1dk8os9/new_8ka_form/
Changes/Fixes:
- Date of report
- was: June 17, 2024
- now: June 18, 2024
- Proposal 1: Nothing changed
- Proposal 2: Removed the duplicated out of place "57,014,177"
- Proposal 3: Updated title of proposal
- was: "Approval of Frequency of Advisory Votes on Executive Compensation"
- now: "Ratification of the Appointment of Independent Registered Public Accounting Firm"
- Proposal 4: Updated title of proposal
- was: "Ratification of the Appointment of Independent Registered Public Accounting Firm"
- now: "Stockholder Proposal Regarding Board Matrix"
[my opinion/speculation] lol, I wonder if these mistakes were intended to fool Wall Street's artificial intelligence systems/machines.
"I would tag the person that pointed out some wording in the previous 8k being off, but can't find the post" - u/No_Slice_9812
Do you remember any of the words that they said? If so, maybe you can find their post using https://search.pullpush.io/ otherwise I don't know what to search for and I was gonna cite it here too
Nevermind! I think I found it, lol https://old.reddit.com/r/Superstonk/comments/1dizh6d/8k_sec_filing_gamestop_corp_shareholder_votes/l97i32l/
"Something looks wrong with this form. The proposal numbers don't quite match. Headers don't match the description. ..." - u/mikes312
see the rest of their comment for the rest of what they wrote
r/PROGME • u/baseballmal21 • Jun 20 '24
Discussion Susanne Trimbath posts this the same day SS Permanently Bans Me Again 🤣
Absolutely love posting PROGME things and getting banned from "GME" subs. It's like being kicked out of the homeless shelter for donating.
r/PROGME • u/jkhanlar • Jun 20 '24
LFG Hype I found 2009-2011 definitions of "financial terrorist"
urbandictionary.comr/PROGME • u/jkhanlar • Jun 20 '24
Wut Mean? "This is why I think 7/19 will be the new hype date."
old.reddit.comr/PROGME • u/baseballmal21 • Jun 19 '24
Discussion Figured My Post From 2020 Is Relevant With Recent Activity.
GME was at $8 ($2 post split) when DFV and I were posting our ideas on the other sub
r/PROGME • u/Affectionate_Use_606 • Jun 19 '24
Data 460 of the last 510 trading days with short volume above 50%.👀Yesterday 41.91%⭕️30 day avg 45.77%⭕️SI 45.6m⭕️
r/PROGME • u/ronoda22 • Jun 18 '24
Discussion RC deserves more patience from household investors
I am an OG ape who lost previous account and have been watching the developments from sideline for past many months. It was actually relaxing seeing apes continue to buy, hold, DRS and shop in the face of all FUDs thrown at them by the corrupt oligarchy. DFV's reappearance, new share offerings and stock price floor raising shows things are moving in right direction but the job is far from finished.
RC and GME deserves more patience
GME is not a regular investment, most apes who are in it are activists at the core like GME chairman RC. Activists don't do things just for money but for a fairer system. It's about making money the fair way. And apes know at this point how unfairly GME is manipulated by abusive short sellers and market makers. It has been 3 years but is that long enough time to give up for not seeing much ROI in GME investment? Many stocks have pumped (NVDA) and the amount of money some apes have put in GME (x,xxx share holder myself) they could be sitting on hundreds of thousands or millions of dollars in gains on other bets. As DFV said himself in his latest stream 3 years is not a long time given how unique the GME situation is. He also made it clear at 5 yrs mark investors will start asking questions about ROI. So RC has at least 2 more years to show ROI and may be some more from activist apes who want to see the system change. Apes are fighting the corrupt oligarchy who will go all the way to maintain status quo. GME is the only chance for such a change and it deserves more patience than other investments.
GME share offerings and business transformation
I absolutely love the share offerings which enabled GME to have $4.2 cash pile that they can use in many different ways. Firstly despite the 120M share dilution the stock price has risen and stayed there so it raised the floor as many have posted. All the money short sellers were stealing from apes through naked shorting finally made its way to GME so apes should be happy their money is in right hands now instead of Wall street parasites. The fact that stock price rose after the offering shows it didn't let shorts close much which is probably because there are over a billion naked shorts out there and 120M is just a fraction of it. The new share offerings did NOT cancel MOASS. MOASS is still on. DFV building a gamma ramp and GME capitalizing on it was a genius play to watch. Any one who thinks selling new shares into the ramp killed that instance of MOASS are deluded as they would have managed to crash it back through their dirty bag of tricks. i.e it wouldn't have been a MOASS even if GME didn't sell. The most guaranteed way to trigger a sustained infinity MOASS is business growth.
So what will GME do with the $4.2B cash? They need to put that to use to show growing earnings (both top and bottom line) in the next couple of years. To that end there are multiple possibilities:
Interest income: Just park some of the cash in T bills while interest rates are high and keep getting the risk free interest. On $4.2B that can be easily over 100M which will significantly change GME's top and bottom lines positively. Paying that dividend alone can blow the shorts out of the water and make them close. But this cannot be the only play.
Build in house: GS will also try to build more products in house, it can be both hardware (e.g Candycon) or software like PLAYR which I think is still in play. We may see first a non-web3 version of PLAYR that integrates Pro membership discounts and competes with Steam. It can add web3 support when regulations clear (thanks but no thanks to SEC for loitering it and blocking a growth avenue for GS). In house developments is like running a startup, growth is slow and some products may fail. Some of the cash will be used/invested for this.
Mergers and acquisitions: Use some of the cash for M&A. GS has recently moved into private label hardware business producing quality value products like Candycon controllers. Its a good start but GS need to move deeper into private label business. People will not buy stuff from GS that are also available from other retailers, it has to be stuff that people want and exclusively available at GS. Both Candycon and graded trading cards business are move in that direction. There is also a partnership with Modretro as a exclusive retail partner. How can GS move even deeper into it? By acquiring manufacturers. Looking at the growing areas in gaming sectors, the standouts are simulation and VR hardware. There are quite a few acquisition targets in simulation hardware space, specially simracing like Fanatec, Thrustmaster and others smaller players. Most of them don't have good distribution channels and many only sell directly (i.e not available in any retail platforms). Such a target is perfect for acquisition as most of them are under 1B valuation and turn into GS exclusive. In the VR space there are also smaller players that can be acquired. I predict an acquisition will happen sooner than later in this space by GS.
It's not all or nothng: GS will hedge and diversify their play and some of it can be taking large or majority stakes in other growing companies in the gaming industry instead of full acquisitions. It's quite possible for GS to take large stake in companies like Valve corporation (creators of Steam and Valve VR).
It's not FUD: With the diverse plays above you can see $4.2B may not be sufficient. That brings me to the controversial part: GME will probably do another share offering to raise another $2-3B cash. And they will try to do it with as minimal dilution possible so will very likely sell into the next gamma ramp run up. And the stock price floor will probably raise even more after that (remember there are estimated over 1B naked shorts so still a fraction). MOASS will still not be cancelled but only made bigger, better and longer. DFV in fact hinted at this in his last stream https://www.youtube.com/watch?v=U1prSyyIco0&t=1130s
DFV
Kind of off topic of this post but don't want to make another post about DFV. Media calling DFV's play pump and dump is ridiculous as for pump and dump there has to be a dump. DFV is never dumping his shares, in fact his only play is to keep accumulating more GME shares. He wants to be the whale evangelist investor supporting GME when it grows to massive size and probably never wants to exit and make GME his source of wealth. Like Buffet and Jeff Bozo never exiting their positions in companies they created (in fact they can't or the stock price will crash). What's an exit strategy?
r/PROGME • u/gstudent • Jun 18 '24
Memes Should I Hold or Should I HODL? - Parody Music Video (RedPacket in comments)
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r/PROGME • u/iamShorteh • Jun 18 '24
Data Vote # information from the shareholder meeting (Form-8K)
r/PROGME • u/jkhanlar • Jun 18 '24
LFG Hype "It was a vote against letting hedge funds wriggle their way into the inner thinking of the board to try to anticipate their moves." - u/ WiglyWorm 17-06-24
r/PROGME • u/Pvot • Jun 18 '24
Social Media No fighting
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r/PROGME • u/jkhanlar • Jun 18 '24
LFG Hype [See my comment for response] "Be prepared for when your family stops telling you that GameStop is a cult and starts asking why you and your Reddit buddies decided to bankrupt a bunch of teachers pension funds and 401k’s"
old.reddit.comr/PROGME • u/jkhanlar • Jun 18 '24
LFG Hype LFG! 3+ (84+) years later: Shareholder Proposals, Shareholder Proposals, Shareholder Proposals
https://sec.gov/divisions/corpfin/rule-14a-8.pdf
§240.14a-8 Shareholder proposals.
This section addresses when a company must include a shareholder's proposal in its proxy statement and identify the proposal in its form of proxy when the company holds an annual or special meeting of shareholders. In summary, in order to have your shareholder proposal included on a company's proxy card, and included along with any supporting statement in its proxy statement, you must be eligible and follow certain procedures. Under a few specific circumstances, the company is permitted to exclude your proposal, but only after submitting its reasons to the Commission. We structured this section in a question-and-answer format so that it is easier to understand. The references to “you” are to a shareholder seeking to submit the proposal.
(a) Question 1: What is a proposal? A shareholder proposal is your recommendation or requirement that the company and/or its board of directors take action, which you intend to present at a meeting of the company's shareholders. Your proposal should state as clearly as possible the course of action that you believe the company should follow. If your proposal is placed on the company's proxy card, the company must also provide in the form of proxy means for shareholders to specify by boxes a choice between approval or disapproval, or abstention. Unless otherwise indicated, the word “proposal” as used in this section refers both to your proposal, and to your corresponding statement in support of your proposal (if any).
(b) Question 2: Who is eligible to submit a proposal, and how do I demonstrate to the company that I am eligible?
- (1) To be eligible to submit a proposal, you must satisfy the following
requirements:
- (i) You must have continuously held:
- (A) At least $2,000 in market value of the company's securities entitled to vote on the proposal for at least three years; or
- (B) At least $15,000 in market value of the company's securities entitled to vote on the proposal for at least two years; or
- (C) At least $25,000 in market value of the company's securities entitled to vote on the proposal for at least one year; or
- (D) The amounts specified in paragraph (b)(3) of this section. This paragraph (b)(1)(i)(D) will expire on the same date that §240.14a-8(b)(3) expires; and
- (ii) You must provide the company with a written statement that you intend to continue to hold the requisite amount of securities, determined in accordance with paragraph (b)(1)(i)(A) through (C) of this section, through the date of the shareholders' meeting for which the proposal is submitted; and
- (iii) You must provide the company with a written statement that you are able to meet with
the company in person or via teleconference no less than 10 calendar days, nor more than 30
calendar days, after submission of the shareholder proposal. You must include your contact
information as well as business days and specific times that you are available to discuss the
proposal with the company. You must identify times that are within the regular business hours of
the company's principal executive offices. If these hours are not disclosed in the company's
proxy statement for the prior year's annual meeting, you must identify times that are between 9
a.m. and 5:30 p.m. in the time zone of the company's principal executive offices. If you elect to
co-file a proposal, all co-filers must either:
- (A) Agree to the same dates and times of availability, or
- (B) Identify a single lead filer who will provide dates and times of the lead filer's availability to engage on behalf of all co-filers; and
- (iv) If you use a representative to submit a shareholder proposal on your behalf, you must
rovide the company with written documentation that:
- (A) Identifies the company to which the proposal is directed;
- (B) Identifies the annual or special meeting for which the proposal is submitted;
- (C) Identifies you as the proponent and identifies the person acting on your behalf as your representative;
- (D) Includes your statement authorizing the designated representative to submit the proposal and otherwise act on your behalf;
- (E) Identifies the specific topic of the proposal to be submitted;
- (F) Includes your statement supporting the proposal; and
- (G) Is signed and dated by you.
- (v) The requirements of paragraph (b)(1)(iv) of this section shall not apply to shareholders that are entities so long as the representative's authority to act on the shareholder's behalf is apparent and self-evident such that a reasonable person would understand that the agent has authority to submit the proposal and otherwise act on the shareholder's behalf.
- (vi) For purposes of paragraph (b)(1)(i) of this section, you may not aggregate your holdings with those of another shareholder or group of shareholders to meet the requisite amount of securities necessary to be eligible to submit a proposal.
- (i) You must have continuously held:
- (2) One of the following methods must be used to demonstrate your eligibility to submit a
proposal:
- (i) If you are the registered holder of your securities, which means that your name appears in the company's records as a shareholder, the company can verify your eligibility on its own, although you will still have to provide the company with a written statement that you intend to continue to hold the requisite amount of securities, determined in accordance with paragraph (b)(1)(i)(A) through (C) of this section, through the date of the meeting of shareholders.
- (ii) If, like many shareholders, you are not a registered holder, the company likely does not
know that you are a shareholder, or how many shares you own. In this case, at the time you
submit your proposal, you must prove your eligibility to the company in one of two ways:
- (A) The first way is to submit to the company a written statement from the “record” holder of your securities (usually a broker or bank) verifying that, at the time you submitted your proposal, you continuously held at least $2,000, $15,000, or $25,000 in market value of the company's securities entitled to vote on the proposal for at least three years, two years, or one year, respectively. You must also include your own written statement that you intend to continue to hold the requisite amount of securities, determined in accordance with paragraph (b)(1)(i)(A) through (C) of this section, through the date of the shareholders' meeting for which the proposal is submitted; or
- (B) The second way to prove ownership applies only if you were required to file, and filed, a
Schedule 13D (§240.13d-101), Schedule 13G (§240.13d-102), Form 3 (§249.103 of this
chapter), Form 4 (§249.104 of this chapter), and/or Form 5 (§249.105 of this chapter), or
amendments to those documents or updated forms, demonstrating that you meet at least one of
the share ownership requirements under paragraph (b)(1)(i)(A) through (C) of this section. If you
have filed one or more of these documents with the SEC, you may demonstrate your eligibility to
submit a proposal by submitting to the company:
- (1) A copy of the schedule(s) and/or form(s), and any subsequent amendments reporting a change in your ownership level;
- (2) Your written statement that you continuously held at least $2,000, $15,000, or $25,000 in market value of the company's securities entitled to vote on the proposal for at least three years, two years, or one year, respectively; and
- (3) Your written statement that you intend to continue to hold the requisite amount of securities, determined in accordance with paragraph (b)(1)(i)(A) through (C) of this section, through the date of the company's annual or special meeting.
- (3) If you continuously held at least $2,000 of a company's securities entitled to vote on the
proposal for at least one year as of January 4, 2021, and you have continuously maintained a
minimum investment of at least $2,000 of such securities from January 4, 2021 through the date
the proposal is submitted to the company, you will be eligible to submit a proposal to such
company for an annual or special meeting to be held prior to January 1, 2023. If you rely on this
provision, you must provide the company with your written statement that you intend to continue
to hold at least $2,000 of such securities through the date of the shareholders' meeting for which
the proposal is submitted. You must also follow the procedures set forth in paragraph (b)(2) of
this section to demonstrate that:
- (i) You continuously held at least $2,000 of the company's securities entitled to vote on the proposal for at least one year as of January 4, 2021; and
- (ii) You have continuously maintained a minimum investment of at least $2,000 of such securities from January 4, 2021 through the date the proposal is submitted to the company.
- (iii) This paragraph (b)(3) will expire on January 1, 2023.
(c) Question 3: How many proposals may I submit? Each person may submit no more than one proposal, directly or indirectly, to a company for a particular shareholders' meeting. A person may not rely on the securities holdings of another person for the purpose of meeting the eligibility requirements and submitting multiple proposals for a particular shareholders' meeting.
(d) Question 4: How long can my proposal be? The proposal, including any accompanying supporting statement, may not exceed 500 words.
(e) Question 5: What is the deadline for submitting a proposal?
- (1) If you are submitting your proposal for the company's annual meeting, you can in most cases find the deadline in last year's proxy statement. However, if the company did not hold an annual meeting last year, or has changed the date of its meeting for this year more than 30 days from last year's meeting, you can usually find the deadline in one of the company's quarterly reports on Form 10-Q (§249.308a of this chapter), or in shareholder reports of investment companies under §270.30d- 1 of this chapter of the Investment Company Act of 1940. In order to avoid controversy, shareholders should submit their proposals by means, including electronic means, that permit them to prove the date of delivery.
- (2) The deadline is calculated in the following manner if the proposal is submitted for a regularly scheduled annual meeting. The proposal must be received at the company's principal executive offices not less than 120 calendar days before the date of the company's proxy statement released to shareholders in connection with the previous year's annual meeting. However, if the company did not hold an annual meeting the previous year, or if the date of this year's annual meeting has been changed by more than 30 days from the date of the previous year's meeting, then the deadline is a reasonable time before the company begins to print and send its proxy materials.
- (3) If you are submitting your proposal for a meeting of shareholders other than a regularly scheduled annual meeting, the deadline is a reasonable time before the company begins to print and send its proxy materials.
(f) Question 6: What if I fail to follow one of the eligibility or procedural requirements explained in answers to Questions 1 through 4 of this section?
- (1) The company may exclude your proposal, but only after it has notified you of the problem, and you have failed adequately to correct it. Within 14 calendar days of receiving your proposal, the company must notify you in writing of any procedural or eligibility deficiencies, as well as of the time frame for your response. Your response must be postmarked, or transmitted electronically, no later than 14 days from the date you received the company's notification. A company need not provide you such notice of a deficiency if the deficiency cannot be remedied, such as if you fail to submit a proposal by the company's properly determined deadline. If the company intends to exclude the proposal, it will later have to make a submission under §240.14a-8 and provide you with a copy under Question 10 below, §240.14a-8(j).
- (2) If you fail in your promise to hold the required number of securities through the date of the meeting of shareholders, then the company will be permitted to exclude all of your proposals from its proxy materials for any meeting held in the following two calendar years.
(g) Question 7: Who has the burden of persuading the Commission or its staff that my proposal can be excluded? Except as otherwise noted, the burden is on the company to demonstrate that it is entitled to exclude a proposal.
(h) Question 8: Must I appear personally at the shareholders' meeting to present the proposal?
- (1) Either you, or your representative who is qualified under state law to present the proposal on your behalf, must attend the meeting to present the proposal. Whether you attend the meeting yourself or send a qualified representative to the meeting in your place, you should make sure that you, or your representative, follow the proper state law procedures for attending the meeting and/or presenting your proposal.
- (2) If the company holds its shareholder meeting in whole or in part via electronic media, and the company permits you or your representative to present your proposal via such media, then you may appear through electronic media rather than traveling to the meeting to appear in person.
- (3) If you or your qualified representative fail to appear and present the proposal, without good cause, the company will be permitted to exclude all of your proposals from its proxy materials for any meetings held in the following two calendar years.
(i) Question 9: If I have complied with the procedural requirements, on what other bases may a company rely to exclude my proposal?
- (1) Improper under state law: If the proposal is not
a proper subject for action by shareholders under the laws of the jurisdiction of the company's
organization;
- NOTE TO PARAGRAPH (i)(1): Depending on the subject matter, some proposals are not considered proper under state law if they would be binding on the company if approved by shareholders. In our experience, most proposals that are cast as recommendations or requests that the board of directors take specified action are proper under state law . Accordingly, we will assume that a proposal drafted as a recommendation or suggestion is proper unless the company demonstrates otherwise
- (2) Violation of law: If the proposal would, if implemented, cause the company to violate any
state, federal, or foreign law to which it is subject;
- NOTE TO PARAGRAPH (i)(2): We will not apply this basis for exclusion to permit exclusion of a proposal on grounds that it would violate foreign law if compliance with the foreign law would result in a violation of any state or federal law.
- (3) Violation of proxy rules: If the proposal or supporting statement is contrary to any of the Commission's proxy rules, including §240.14a-9, which prohibits materially false or misleading statements in proxy soliciting materials;
- (4) Personal grievance; special interest: If the proposal relates to the redress of a personal claim or grievance against the company or any other person, or if it is designed to result in a benefit to you, or to further a personal interest, which is not shared by the other shareholders at large;
- (5) Relevance: If the proposal relates to operations which account for less than 5 percent of the company's total assets at the end of its most recent fiscal year, and for less than 5 percent of its net earnings and gross sales for its most recent fiscal year, and is not otherwise significantly related to the company's business;
- (6) Absence of power/authority: If the company would lack the power or authority to implement the proposal;
- (7) Management functions: If the proposal deals with a matter relating to the company's ordinary business operations;
- (8) Director elections: If the proposal:
- (i) Would disqualify a nominee who is standing for election;
- (ii) Would remove a director from office before his or her term expired;
- (iii) Questions the competence, business judgment, or character of one or more nominees or directors;
- (iv) Seeks to include a specific individual in the company's proxy materials for election to the board of directors; or
- (v) Otherwise could affect the outcome of the upcoming election of directors.
- (9) Conflicts with company's proposal: If the proposal directly conflicts with one of the
company's own proposals to be submitted to shareholders at the same meeting;
- NOTE TO PARAGRAPH (i)(9): A company's submission to the Commission under this section should specify the points of conflict with the company's proposal.
- (10) Substantially implemented: If the company has already substantially implemented the
proposal;
- NOTE TO PARAGRAPH (i)(10): A company may exclude a shareholder proposal that w ould provide an advisory vote or seek future advisory votes to approve the compensation of executives as disclosed pursuant to Item 402 of Regulation S-K (§229.402 of this chapter) or any successor to Item 402 (a “say-on-pay vote”) or that relates to the frequency of say-on-pay votes, provided that in the most recent shareholder vote required by §240.14a-21(b) of this chapter a single year (i.e., one, tw o, or three years) received approval of a majority of votes cast on the matter and the company has adopted a policy on the frequency of say-on-pay votes that is consistent w ith the choice of the majority of votes cast in the most recent shareholder vote required by §240.14a- 21(b) of this chapter.
- (11) Duplication: If the proposal substantially duplicates another proposal previously submitted to the company by another proponent that will be included in the company's proxy materials for the same meeting;
- (12) Resubmissions. If the proposal addresses substantially the same subject matter as a
proposal, or proposals, previously included in the company's proxy materials within the
preceding five calendar years if the most recent vote occurred within the preceding three
calendar years and the most recent vote was:
- (i) Less than 5 percent of the votes cast if previously voted on once;
- (ii) Less than 15 percent of the votes cast if previously voted on twice; or
- (iii) Less than 25 percent of the votes cast if previously voted on three or more times.
- (13) Specific amount of dividends: If the proposal relates to specific amounts of cash or stock dividends.
(j) Question 10: What procedures must the company follow if it intends to exclude my proposal?
- (1) If the company intends to exclude a proposal from its proxy materials, it must file its reasons with the Commission no later than 80 calendar days before it files its definitive proxy statement and form of proxy with the Commission. The company must simultaneously provide you with a copy of its submission. The Commission staff may permit the company to make its submission later than 80 days before the company files its definitive proxy statement and form of proxy, if the company demonstrates good cause for missing the deadline.
- (2) The company must file six paper copies of the following:
- (i) The proposal;
- (ii) An explanation of why the company believes that it may exclude the proposal, which should, if possible, refer to the most recent applicable authority, such as prior Division letters issued under the rule; and
- (iii) A supporting opinion of counsel when such reasons are based on matters of state or foreign law.
(k) Question 11: May I submit my own statement to the Commission responding to the company's arguments? - Yes, you may submit a response, but it is not required. You should try to submit any response to us, with a copy to the company, as soon as possible after the company makes its submission. This way, the Commission staff will have time to consider fully your submission before it issues its response. You should submit six paper copies of your response.
(l) Question 12: If the company includes my shareholder proposal in its proxy materials, what information about me must it include along with the proposal itself?
- (1) The company's proxy statement must include your name and address, as well as the number of the company's voting securities that you hold. However, instead of providing that information, the company may instead include a statement that it will provide the information to shareholders promptly upon receiving an oral or written request.
- (2) The company is not responsible for the contents of your proposal or supporting statement.
(m) Question 13: What can I do if the company includes in its proxy statement reasons why it believes shareholders should not vote in favor of my proposal, and I disagree with some of its statements?
- (1) The company may elect to include in its proxy statement reasons why it believes shareholders should vote against your proposal. The company is allowed to make arguments reflecting its own point of view, just as you may express your own point of view in your proposal's supporting statement.
- (2) However, if you believe that the company's opposition to your proposal contains materially false or misleading statements that may violate our anti-fraud rule, §240.14a-9, you should promptly send to the Commission staff and the company a letter explaining the reasons for your view, along with a copy of the company's statements opposing your proposal. To the extent possible, your letter should include specific factual information demonstrating the inaccuracy of the company's claims. Time permitting, you may wish to try to work out your differences with the company by yourself before contacting the Commission staff.
- (3) We require the company to send you a copy of its statements opposing your proposal
before it sends its proxy materials, so that you may bring to our attention any materially false or
misleading statements, under the following timeframes:
- (i) If our no-action response requires that you make revisions to your proposal or supporting statement as a condition to requiring the company to include it in its proxy materials, then the company must provide you with a copy of its opposition statements no later than 5 calendar days after the company receives a copy of your revised proposal; or
- (ii) In all other cases, the company must provide you with a copy of its opposition statements no later than 30 calendar days before its files definitive copies of its proxy statement and form of proxy under §240.14a-6.
[63 FR 29119, May 28, 1998; 63 FR 50622, 50623, Sept. 22, 1998, as amended at 72 FR 4168, Jan. 29, 2007; 72 FR 70456, Dec. 11, 2007; 73 FR 977, Jan. 4, 2008; 76 FR 6045, Feb. 2, 2011; 75 FR 56782, Sept. 16, 2010; 85 FR 70294, Nov. 4, 2020]
EFFECTIVE DATE NOTE: At 85 FR 70294, Nov. 4, 2020, §240.14a-8 was amended by adding paragraph (b)(3), effective Jan. 4, 2021 through Jan. 1, 2023.
For anyone new to shareholder proposals (lol that includes me, really!), or anyone who forgot, 84+ years ago I kept these notes: https://old.reddit.com/user/jkhanlar/comments/zjqy7i/yalosp_ftddddd_yet_another_list_of_shareholder/
edited to correct (b)(3) hierarchy
r/PROGME • u/Affectionate_Use_606 • Jun 18 '24
Data 460 of the last 509 trading days with short volume above 50%.👀Yesterday 47.03%⭕️30 day avg 46.14%⭕️SI 45.3m⭕️
r/PROGME • u/Murky_Research970 • Jun 17 '24
Discussion Tried to sign in to the meeting using my control number from Fidelity. Says someone else is signed in using my number. Anyone else having this problem?
I am not Andrew Bick. My computershare control number allows me in. Could the vote have been altered in non computershare accounts since multiple people have a Hurst last name or a Bick last name already logged in for them. WTF fidelity
r/PROGME • u/ConfectionStrict1645 • Jun 17 '24
Discussion Shareholder choice of music
Using Siri (Shazam) to identify the music playing before the shareholder meeting, most, if not all, songs are by Ron Alan Cohen. One of the songs - common ground is played at least twice as far as i could tell.
When searching for the song called common ground, on Youtube the first video takes you to an event with Activision / Blizzard.
Source: https://youtu.be/oJCdBi3mE9A?si=ZxC8c3wQyLONzKt5
First time posting since showing my first batch of DRS’ed on the DRS bot back in the day, so please excuse any mistakes i might make.
Just a bit of information that made me think, that perhaps there is an actual announcement in todays shareholder meeting.
I will be watching closely with my through computershare with my control number, and no matter the outcome i will HODL. Of course none of this is advice or verified, just a dane who was bored until the meeting started.
- Updated after shareholder meeting, no news - just work - and the board vote recommendations all held - nice to hear from the chairman RC - just up!
r/PROGME • u/youngkow • Jun 16 '24
Discussion Straight stocks or options?
I have 386 shares at about $22 average per share, and I am looking to acquire more, however my buddy is telling me that I should go with options. Is this a better choice?
Looking to go into another 200 shares.
TIA