After Disney, Corporate America's proxy season eyes a few more fights
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Illustration: Tiffany Herring/Axios
The 2024 proxy season is headed into its busiest stretch, with U.S. companies hosting annual shareholder meetings that some activist investors plan to crash.
The big picture: The outcomes of these votes can have long-lasting impact on the companies and can highlight key trends within large institutional investors on where they stand on company-related issues.
Zoom in: After Disney's defeat of Trian earlier this month, the next major fight on the docket is Norfolk Southern's battle with activist investor Ancora.
- Ancora has nominated a whopping seven directors to join the railway company's board and is pushing to oust the CEO.
- Norfolk Southern's annual meeting is on May 9.
Zoom out: The chart below lists ongoing proxy fights and campaigns resolved by either a vote or a settlement.
What we're watching: Axios previously reported that the speed with which some companies are settling and the terms of the deals they are reaching with activist investors are under growing scrutiny, from both investors and the Delaware Court of Chancery.
