Institutional Shareholder Services

ContextLogic Encourages Stockholders to Vote at the Upcoming Special Meeting

Retrieved on: 
Tuesday, April 9, 2024
Institutional Shareholder Services, Telephone, SAN, Wish (company), Egan-Jones Ratings Company, Special, Hand, Holding company

SAN FRANCISCO, April 09, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) today reminded stockholders to vote at the upcoming special meeting of stockholders (the “Special Meeting”) on Friday, April 12, 2024, at 10:00 a.m. Pacific Time. The ContextLogic Board of Directors (the “Board”) recommends that stockholders vote “FOR” the proposed Asset Sale transaction with Qoo10 Pte. Ltd. (“Qoo10”).

Key Points: 
  • Electronic Voting Deadline is 11:59 P.M. Eastern Time on Thursday, April 11, 2024
    SAN FRANCISCO, April 09, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) today reminded stockholders to vote at the upcoming special meeting of stockholders (the “Special Meeting”) on Friday, April 12, 2024, at 10:00 a.m. Pacific Time.
  • The ContextLogic Board of Directors (the “Board”) recommends that stockholders vote “FOR” the proposed Asset Sale transaction with Qoo10 Pte.
  • Therefore, with the Special Meeting fast approaching, it is extremely important that stockholders vote as soon as possible, no matter how many shares they own.
  • To ensure your shares are represented at the Special Meeting, ContextLogic stockholders are urged to vote online or by telephone by following the easy instructions on the previously provided proxy card.

Leading Proxy Advisory Firms Recommend ContextLogic Stockholders Vote “FOR” Pending Transaction with Qoo10

Retrieved on: 
Thursday, March 28, 2024
Institutional Shareholder Services, Proxy, Telephone, SAN, Wish (company), ISS, Egan-Jones Ratings Company, Special

SAN FRANCISCO, March 28, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) today announced that proxy advisory firms Institutional Shareholder Services (“ISS”), Glass Lewis and Egan-Jones have all recommended that ContextLogic stockholders vote “FOR” the proposed Asset Sale transaction with Qoo10 Pte. Ltd. (“Qoo10”) in connection with the upcoming special meeting of stockholders (the “Special Meeting”) on April 12, 2024, at 10:00 a.m. Pacific Time.

Key Points: 
  • Stockholders are Encouraged to Vote FOR the Value-Maximizing Transaction Before the Electronic Proxy Voting Deadline of 11:59 P.M. Eastern Time on Thursday, April 11, 2024
    SAN FRANCISCO, March 28, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) today announced that proxy advisory firms Institutional Shareholder Services (“ISS”), Glass Lewis and Egan-Jones have all recommended that ContextLogic stockholders vote “FOR” the proposed Asset Sale transaction with Qoo10 Pte.
  • Ltd. (“Qoo10”) in connection with the upcoming special meeting of stockholders (the “Special Meeting”) on April 12, 2024, at 10:00 a.m. Pacific Time.
  • To ensure your shares are represented at the Special Meeting, ContextLogic stockholders are encouraged to vote online or by telephone by following the easy instructions on the previously provided proxy card.
  • If you have any questions, or need assistance in voting your shares on the proxy card, please contact our proxy solicitor:

Recursion Publishes Annual Environmental, Social and Governance Report

Retrieved on: 
Tuesday, March 26, 2024
Institutional Shareholder Services, Recursion, Culture, Entrepreneurship, Biophysical environment, Drug discovery, ESG, Patient, United Nations, AI, Biology, Social, Sustainability accounting, TCFD, Task force, ISS, UN, Pharmaceutical industry

SALT LAKE CITY, March 26, 2024 (GLOBE NEWSWIRE) -- Recursion (Nasdaq: RXRX), a clinical stage TechBio company leading the space by decoding biology to industrialize drug discovery, today announced the release of its third annual Environmental, Social and Governance (ESG) Report .

Key Points: 
  • SALT LAKE CITY, March 26, 2024 (GLOBE NEWSWIRE) -- Recursion (Nasdaq: RXRX), a clinical stage TechBio company leading the space by decoding biology to industrialize drug discovery, today announced the release of its third annual Environmental, Social and Governance (ESG) Report .
  • The report highlights the company’s approach, progress and goals in several important areas such as its commitment to patients, social and community impact, people and culture, environmental sustainability, and governance.
  • Efficiency – in our context – drives a more sustainable healthcare system,” said Chris Gibson, Ph.D., Co-Founder and CEO at Recursion.
  • You can learn more about Recursion’s approach to ESG and download a copy of the report at www.Recursion.com/esg .

Trian Reaffirms Its Call for Change at Disney and the Commitment of Its Director Candidates to Work Collaboratively with Members of the Disney Board

Retrieved on: 
Monday, March 25, 2024
Institutional Shareholder Services, Culture, Growth, Exercise, The New York Times, CFO, Knowledge, CNBC, Ink, Judgement, Thought, ISS, Retirement, Procter & Gamble, The Wall Street Journal, Magic, Toy

NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- The Trian Group,1 which beneficially owns over $3.5 billion of common stock in The Walt Disney Company (NYSE: DIS), today reaffirmed its call for change in the composition of the Board of Directors of Disney and the commitment of its nominees, Nelson Peltz and Jay Rasulo, to work constructively with the Company’s Board and leadership team to drive long-term, sustainable value creation.

Key Points: 
  • Trian believes Disney’s problems lay at the feet of the Board, which lacks focus, alignment and accountability.
  • Although the Board members are accomplished professionals, they are extraordinarily busy, have invested almost none of their own money in Disney stock and have failed to heed investor input.
  • In 2019, Mr. Peltz was asked by Mr. Iger to address the Disney Board about shareholder sentiment in the media industry.
  • Trian is convinced that Mr. Peltz and Mr. Rasulo can assist Disney with its challenges and help ensure a brighter future.

Blackwells Capital: Nelson Peltz is Not the Change Disney’s Board Needs

Retrieved on: 
Monday, March 25, 2024
Institutional Shareholder Services, PepsiCo, VR, IKEA, Proctor, NBC, SL Green Realty, Shareholder, International, General partnership, Proxy, Frito-Lay, ALL, Unilever, Sale, Taskrabbit, AI, City, GREEN, Warner Bros., Universal, Trustee, Procter & Gamble, NBCUniversal, Security (finance)

NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital, LLC (“Blackwells”), a shareholder of The Walt Disney Company (“Disney” or the “Company”) (NYSE:DIS), today released a letter to fellow Disney shareholders in connection with the Company’s Annual Meeting of Stockholders to be held on April 3, 2024, available here, at www.TheFutureOfDisney.com, and reproduced in full below:

Key Points: 
  • The Board needs directors who are independent and who will guide management into the future and contribute relevant skills and experience.
  • Blackwells and its three nominees have identified certain governance failings at Disney that they believe can be corrected by adding to the Board the talents and capabilities that Blackwells’ nominees offer.
  • The Board does not need nominees driven by personal grievances or animus towards management, as we believe Trian Partners’ (“Trian”) nominees Nelson Peltz and Jay Rasulo are.
  • Disney Shareholders – Please vote your proxy today on the GREEN universal proxy card “FOR” each of the Blackwells nominees and the Blackwells proposal.

Parks! America, Inc. Issues 2024 Shareholder Letter

Retrieved on: 
Tuesday, March 12, 2024
Institutional Shareholder Services, FC, Growth, Glass Lewis, Environment, PINE, Letter, EF3, Social media, Hope, Marketing, Investment, Tornado, Management

America, Inc. (OTCPink: PRKA), a leading operator of regional safari parks in the U.S., today issued its 2024 Shareholder Letter providing an update on the strategic direction of the Company for 2024 and on current developments.

Key Points: 
  • America, Inc. (OTCPink: PRKA), a leading operator of regional safari parks in the U.S., today issued its 2024 Shareholder Letter providing an update on the strategic direction of the Company for 2024 and on current developments.
  • America toward a brighter future, with enhanced shareholder value, grounded in transparency and integrity.
  • Shareholder Communications: While the prior CEO did not engage in consistent shareholder communications, we are dedicated to conducting Annual Shareholder Meetings – the first of which will take place on June 6, 2024.
  • They expect blind faith on the part of the shareholder base that they will successfully operate this company and enhance shareholder value.

Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend U. S. Steel Shareholders Vote “FOR” the Pending Transaction with Nippon Steel Corporation (NSC)

Retrieved on: 
Friday, March 29, 2024
Steel, Manufacturing, Institutional Shareholder Services, U.S. Steel, Glass Lewis, Goldman Sachs, CLF, USS, Proxy, Risk, Nippon Steel, Evercore, Cleveland-Cliffs, ISS, NSC, Barclays

S. Steel”) today announced that leading independent proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have recommended that U. S. Steel shareholders vote “FOR” the pending transaction with Nippon Steel Corporation (“NSC”) (TSE: 5401) at the upcoming special meeting on April 12, 2024.

Key Points: 
  • S. Steel”) today announced that leading independent proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have recommended that U. S. Steel shareholders vote “FOR” the pending transaction with Nippon Steel Corporation (“NSC”) (TSE: 5401) at the upcoming special meeting on April 12, 2024.
  • “There is no doubt that the offer represents a meaningful premium for shareholders resulting from a thorough and competitive sales process.
  • Importantly, U. S. Steel will retain its headquarters in Pittsburgh, Pennsylvania and together with NSC will bolster and grow U. S. Steel in the U.S. market in a way that prioritizes our talented employees and union members.
  • Milbank LLP and Wachtell, Lipton, Rosen & Katz are acting as legal advisors.

The Walt Disney Company Comments on ISS Recommendation

Retrieved on: 
Thursday, March 21, 2024
Film & Motion Pictures, Theme Parks, General Entertainment, Entertainment, TV and Radio, Institutional Shareholder Services, The Coca-Cola Company, Fiduciary, Glass, The Walt Disney Company, History, Lead, Investment, DIS, ISS, Management

“In contrast to Glass Lewis, ISS fails to acknowledge the breadth of perspective and expertise Ms. Lagomasino adds to the Board.

Key Points: 
  • “In contrast to Glass Lewis, ISS fails to acknowledge the breadth of perspective and expertise Ms. Lagomasino adds to the Board.
  • The strong recent performance and results overseen by the Disney Board demonstrate our focus on long-term shareholder value creation and succession planning and our commitment to good governance practices.”
    The Walt Disney Company disagrees with ISS’s recommendation to support Trian nominee Nelson Peltz and believes Disney’s 12 Board nominees are best qualified to provide diligent oversight of management and create sustainable shareholder value.
  • Furthermore, ISS suggests that the Board “comprises well-qualified and accomplished directors” and “does not lack a key skill set.”
    Additionally, it’s worth noting that Trian’s silent partner, former Disney employee Ike Perlmutter, owns almost 79% of Trian’s Disney shares.
  • Disney recommends that shareholders vote FOR only its 12 nominees and withhold votes for the Trian Group and Blackwells nominees using the WHITE proxy card.

EQS-News: wienerberger earns top sustainability scores from global ESG agencies

Retrieved on: 
Wednesday, March 13, 2024
Carbon, Wienerberger, Institutional Shareholder Services, Carbon Disclosure Project, ESG, Risk, ISS, CDP, Heat, Water, Sustainalytics, Waste management, Solar energy, Renewable energy

Vienna, March 12, 2024 – The achievements of wienerberger’s continuous sustainability efforts in 2023 have been acknowledged by global leading ESG rating agencies.

Key Points: 
  • Vienna, March 12, 2024 – The achievements of wienerberger’s continuous sustainability efforts in 2023 have been acknowledged by global leading ESG rating agencies.
  • For its further progress in environmental as well as social areas, wienerberger once again received top scores.
  • Other scores regarding wienerberger’s sustainability efforts in 2023 include the “AAA” from MSCI, the agency’s highest ESG-rating, which wienerberger received for the eighth year in a row.
  • The firm Sustainalytics, specialized in assessing companies’ exposure to the risk of material financial impacts from ESG factors, rated wienerberger as “Low Risk”.

Blackwells Capital Reveals Failure by the Disney Board to Disclose in this Proxy Fight that ValueAct Has Earned Fees from Managing Disney Pension Funds since 2013

Retrieved on: 
Tuesday, March 12, 2024
Institutional Shareholder Services, Trustee, Disclosure, Letter, Proxy, Audit committee, Council, GREEN, Security (finance)

NEW YORK, March 11, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (together with its affiliates, “Blackwells” or “we”) today issued a letter to fellow shareholders regarding the need for boardroom enhancement at The Walt Disney Company (NYSE: DIS).

Key Points: 
  • The press release contained a glowing endorsement by ValueAct of Disney’s board of directors (the “Board”) and management of Disney.
  • Meanwhile, Disney’s entire shareholder franchise population has been led to believe that ValueAct provided its independent and unqualified support of the Board independently.
  • Did the Board know about ValueAct’s management of Disney’s pension funds prior to authorizing the January 3rd press release?
  • Please vote your proxy today on the GREEN universal proxy card “FOR” each of the Blackwells nominees and the Blackwells proposal.