ExxonMobil receives the first no-action letter
SEC staff addresses Rules 14a-4(d)(2) and (3), establishing the first public-company path for board-aligned standing instructions.
The regulatory actions, issuer launches, operating evidence and challenges that turned a one-company experiment into a reusable framework.
SEC staff addresses Rules 14a-4(d)(2) and (3), establishing the first public-company path for board-aligned standing instructions.
As You Sow and ICCR argue that the standing proxy conflicts with proxy-form and contemporaneous-delivery rules.
Filed materials add personalized outreach, web information, FAQs, video and social advertising.
ExxonMobil reports about 150 million participating shares—more than 3% outstanding.
The proxy describes implementation, overrides, reminders and future cancellation.
709.7 million ExxonMobil shares support adding voting choices not aligned with the board.
A draft recommendation supports opt-in standing instructions with disclosure and easy exit in the fund context.
Broadridge convenes ExxonMobil and BigBear.ai representatives to discuss launch experience.
Its request expands pre-proxy enrollment and communications under a wider set of proxy rules.
The SEC position expressly becomes available to other issuers operating in the same manner and contemplates centralized Hubs.
The Division of Investment Management provides a distinct directed-voting path for registered funds and BDCs.