What to Know about Universal Proxy with Bruce Goldfarb of Okapi Partners

by | Sep 12, 2022

Okapi’s Bruce Goldfarb joins the podcast to discuss the new Universal Proxy Rules

On August 31 the SEC adopted the widely anticipated “Universal Proxy Rules” and now, going forward, all contested director election processes will have to follow the new rules.

What’s Changing?

Both management and the dissident slates of directors in a contested situation will now be on one proxy card, thereby allowing shareholders to vote on individual directors, rather than the entire slate of one side. This will enable investors to mix and match their director selections.

We sat down with Okapi Partners CEO Bruce Goldfarb to break down the rules, changes, and the implications for companies, board members, and shareholders alike. Will corporate activism campaigns start to resemble political campaigns? Have a listen.

Topics Discussed

  • How we got here and overview of changes
  • Will universal proxy leads to more activism?
  • What it means for individual directors
  • Any ESG or DEI implications
  • Winners and losers

About Bruce Goldfarb

Bruce H. Goldfarb is President and Chief Executive Officer of Okapi Partners, the proxy solicitation and investor response firm.  Bruce works extensively with corporations and investors focusing on investor response strategy and execution for contested election campaigns, mergers and acquisitions, corporate governance matters, ESG engagement and other extraordinary situations.

Recent Analysis

Daily SPAC Update – April 2, 2024

MBTC / Cognos Deal Terminates. ACBA Extension Vote. ARRW Deal Approved. VHAQ, DSAQ Extensions Approved. SEDA Investor Deck. CITE Redemption Update.

Daily SPAC Update – April 1, 2024

WNNR DeSPACs to ZPTA. ARRW, RWOD, LGVC Merger Votes. IXAQ + Aerkomm Deal Announced. GODN Vote. NSTC, NSTD Conversions Approved. BWAQ Extends. PGSS, BWAQ, TRTL, AIMAU, MBTC Votes Set.

Weekly Activism & Executive Moves Review (Mar 29)

Boeing CEO Dave Calhoun is stepping down, but not until the end of the year. We think the whole board should be up for replacement. Plus PW Partners is in at BJs Restaraunts and Buxton Helmsley is in at Fossil Group.

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.