• We link to items for activists, shareholders, companies, and their advisors

• Link does not imply endorsement or even agreement, merely interesting or relevant

• You can also see each item during the week

  • in our X feed (@activistinvestr)

  • at our LinkedIn page

• We compile and send them in this post after the US markets close each Friday

• We welcome your suggestions for items: email us or DM in X or LinkedIn

• Also, the current structure and process of our Substack posts

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Podcast

• Shareholder Primacy with prof. Ann Lipton of University of Colorado

• Latest episode: Ann and Mike talk about the STOCK Act and Trump Media, and new disclosure rules for activist SPVs.

• Produced by Free Float Media, available on Apple Podcasts, Spotify, and elsewhere

• Q&A! email us your questions and we'll cover these in a future podcast

Recent posts

• One Crazy Proxy Contest (8/13/26)

• UPCs We’re Tracking (8/10/26)

• Exempt Proxy Solicitations (8/5/26)

• What Do New SPV Disclosures Mean? (7/28/26)

• Everything is Private Ordering (6/17/26)

• Teaching “Shareholder Activism” at The University of Chicago Law School (6/2/26)

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Events

Shareholder Activism 2026: The Old, the New, and the Unexpected (PLI - online - 9/22/26)

Fall 2026 Conference (Council of Institutional Investors - Boston - 9/30-10/2/26)

2026 Forum on Corporate Governance (Berkeley - San Francisco - 10/13-14/26)

Active-Passive Investor Summit (13D Monitor - New York City - 10/22/26)

News

Investors and Reincorporations (we join the CII podcast with Jeff Mahoney, General Counsel)

Updated Statement Regarding the Division of Corporation Finance’s Role in the Exchange Act Rule 14a-8 Process (SEC news release) with reporting from Reuters and comment from CorpGov.net

The activist angle on GME-EBAY (Matt Levine in Bloomberg)

See How a Tesla-SpaceX Merger Gives Musk a Shortcut to His $1 Trillion Payday (Wall Street Journal)

S&P 500 CEO pay jumps to record as Musk-inspired compensation plans spread (Reuters)

Justice Department Withdraws Business Review Letter Issued to Proxy Advisory Firm (DoJ news release) with comment from The Corporate Counsel blog, ValueEdge Advisors, and Cooley

Texas Stock Exchange Proposes Mandatory “Mirror Voting” for Uninstructed Shares (The Corporate Counsel blog) and Texas Stock Exchange Proposes Bold Proposal to Overhaul Broker Voting (Cooley)

Analysis

The Activists List (8% Value Activist)

Accelerated Share Repurchases, Corporate Governance, and Market Integrity (The CLS Blue Sky Blog)

Winning shareholder support through year-round activism preparedness (Financier Worldwide)

Boardroom Catalysts: Patterns in Activist Director Selection (DEF14 in HLS corp gov forum)

7 questions for boards after the 2026 proxy season (EY)

2026 in review:

• Staying Alive: ISS Continues Its Influence on 2026 Voting Outcomes (Teneo)

• 2026 US Proxy Season – Rule 14a 8 in Practice, Texas in Ascendance (Alliance Advisors)

• 2026 Say-on-Pay Results: Strong Overall, With Large Special Awards Common Among Low-Vote Outcomes (FW Cook in HLS corp gov forum)

• 2026 Proxy Season Review: Structural Change in a Lower-Volume Season (The Conference Board) with reporting from Wall Street Journal

Opinion

Bye Bye 80s: It’s Time to Revisit the Exchange Ban on Dual Class Companies Extending Sunsets (Wilson Sonsini in HLS corp gov forum)

Academic papers

Judicial Review of SEC Rulemaking

An Interest Group Response to The Legitimation of Shareholder Primacy

Exit Matters: Why Delaware Needs Nevada and Texas

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Read more

Right now we follow a total of four pending contests remaining for 2026, compared to three last week. One has scheduled it AGMs for September 2026. Three have yet to be scheduled. Two were announced in the past couple of weeks, so we could deem them the first contests of 2027.

Among the four, three seek all available BoD seats. One seeks less than a majority, a single seat.

Twelve have been completed, with results shown below.

Read more

• We link to items for activists, shareholders, companies, and their advisors

• Link does not imply endorsement or even agreement, merely interesting or relevant

• You can also see each item during the week

  • in our X feed (@activistinvestr)

  • at our LinkedIn page

• We compile and send them in this post after the US markets clos…

Read more

Read more

Right now we follow a total of three pending contests remaining for 2026. None have scheduled AGMs, though. We expect one AGM to occur in September 2026 based on last year’s AGM. Two have yet to be scheduled. One was recently announced, so we could deem it the first contest of 2027.

Among the three, two seek all available BoD seats. One seeks less than a majority, a single seat.

Twelve have been completed, with results shown below.

Read more

We’re away this week for a much-needed vacation. We’ll return next week with two weeks’ worth of interesting items. Until then, here’s last week’s digest, ICYMI.

Read more

No new episode this week. Instead, Ann and Mike were on other podcasts in the past few weeks:

NEW:

Investors & Reincorporations

Mike and Ann joined the Council of Institutional Investors Voice of Corporate Governance podcast, hosted by Jeff Mahoney, General Counsel

Previously:

Activist Investing: The Insider Word

Mike joined The Slarsky Brief, a podcast from…

Read more

Read more

Right now we follow a total of four pending contests remaining for 2026. One company has scheduled its AGM for July. We expect one other AGM to occur in September 2026 based on last year’s AGM. Two have yet to be scheduled.

Among the four, two seek all available BoD seats. Two seek less than a majority, with one seeking multiple seats and one seeking a single seat.

Eleven have been completed, with results shown below.

Read more

• We link to items for activists, shareholders, companies, and their advisors

• Link does not imply endorsement or even agreement, merely interesting or relevant

• You can also see each item during the week

  • in our X feed (@activistinvestr)

  • at our LinkedIn page

• We compile and send them in this post after the US markets clos…

Read more

New episode is available now.

Ann and Mike talk about the STOCK Act and Trump Media, and new disclosure rules for activist SPVs.

We encourage you to look through the podcast page on Apple Podcasts or wherever you get your podcasts to find earlier ones that you might have missed. Free Float Media produces it, the latest addition to their growing business p…

Read more

Read more

• We link to items for activists, shareholders, companies, and their advisors

• Link does not imply endorsement or even agreement, merely interesting or relevant

• You can also see each item during the week

  • in our X feed (@activistinvestr)

  • at our LinkedIn page

• We compile and send them in this post after the US markets clos…

Read more

Right now we follow a total of five pending contests planned for 2026. Two companies have scheduled AGMs for July and one for August. We expect one other AGM to occur in September 2026 based on last year’s AGMs. One has yet to be scheduled.

Among the five, one seeks all available BoD seats. Four seek less than a majority, with two seeking multiple seats and two seeking a single seat.

Ten have been completed, with results shown below.

Read more

• We link to items for activists, shareholders, companies, and their advisors

• Link does not imply endorsement or even agreement, merely interesting or relevant

• You can also see each item during the week

  • in our X feed (@activistinvestr)

  • at our LinkedIn page

• We compile and send them in this post after the US markets clos…

Read more

New episode is available now.

Ann and Mike crossover with Matt Moscardi and Damion Rallis of Proxy Countdown to review 2026 so far.

We encourage you to look through the podcast page on Apple Podcasts or wherever you get your podcasts to find earlier ones that you might have missed. Free Float Media produces it, the latest addition to their growing busines…

Read more

Right now we follow a total of six pending contests planned for 2026. Two companies have scheduled AGMs for July. We expect two other AGMs to occur in August-September 2026 based on last year’s AGMs. Two have yet to be scheduled.

Among the six, two seek all available BoD seats. Four seek less than a majority, with two seeking multiple seats and two seeking a single seat.

Ten have been completed, with results shown below.

Read more

• We link to items for activists, shareholders, companies, and their advisors

• Link does not imply endorsement or even agreement, merely interesting or relevant

• You can also see each item during the week

  • in our X feed (@activistinvestr)

  • at our LinkedIn page

• We compile and send them in this post after the US markets clos…

Read more

Read more