Hat tip to Cooley’s Vince Flynn for a heads up about these solicitation materials recently filed by ExxonMobil with the SEC related to its retail voting program that I blogged about last week. The program provides beneficial owners and registered holders the opportunity to ‘opt in’ to provide standing instructions to cast their shareholder meeting votes so that they are aligned with the company’s board recommendations.
Many are interested about how companies will convince shareholders to ‘opt in’ – and this is the first company attempting to do that. There were six solicitation pieces filed: an email tailored to both beneficial owners and registered holders; letters tailored to both of those types of shareholders; an instruction landing web page and an online confirmation page. ExxonMobil may file more solicitation materials as we get closer to its annual shareholder meeting – or it might not. We’ll keep you informed.
Here are a few of those screenshots (the emails and letters are all nearly identical to each other):
Authored by
Broc Romanek