Proxy Season Crossover

What are the overall results from AGMs in 2026?How did companies and shareholders do in AGM votes?Shareholder proposalsMany fewer E&SSame or slightly more corp gov Voting outcomes similar to past years(?)Proxy contestsMany fewer compared to earlier yearsActivists prevailed at roughly the same rate, perhaps a little lowerMany more settlementsNotable activist situationsESG proposalsProxy contestsAlmost no really big onesBiglari lost two, CBRL and JACKTwo mergers terminatedCORZ, CoreWeaveSTAAWithhold campaigns didn’t workCBRL, JACKVSCO - started as a proxy contestSeveral smaller ones, where in all but one activists won no seatsImportant settlementsLULU-WilsonWEX-ImpactiveTRIP-StarboardRGR-BerettaKMX-StarboardStill several to go for 2026, thoughFRMI-NeugebauerRegulatory actions - AML commentsSECState levelCan’t avert our eyes from SPCX IPO, eitherOwnershipCorp govTradingSo, what have we learned so far in 2026?The Key Takeaways:SHPsTotal shareholder proposal submissions fell significantly from 951 in 2025 down to approximately 789 in 2026.Despite the SEC granting companies broader power to exclude rogue proposals, corporate boards remained hyper-cautious, allowing around 70% of submissions to proceed to a full vote to avoid investor backlash or litigation.Only about 7% to 8% of voted proposals achieved majority support (36 out of 425 proposals mid-season)—a steep drop from the 12% to 14% passed in 2025. Paradoxically, average support across all voted proposals crept up slightly to 25% (from 23% last year).Traditional corporate govern