Get the free IBM Exclusion of Stockholder Proposal Response - sec

This document is a response from the International Business Machines Corporation (IBM) regarding the exclusion of a stockholder proposal submitted to them by Peter W. Lindner, detailing the reasons

How to fill out ibm exclusion of stockholder

How to fill out IBM Exclusion of Stockholder Proposal Response

1. Obtain the IBM Exclusion of Stockholder Proposal Response form.
2. Review the instructions provided on the form carefully.
3. Fill out the company name and address in the designated sections.
4. Indicate the specific proposal you are responding to.
5. Provide a clear justification for the exclusion of the stockholder proposal.
6. Include any necessary supporting documentation that aligns with your justification.
7. Sign and date the response form at the bottom.
8. Submit the completed form to the relevant department within IBM by the deadline.

Who needs IBM Exclusion of Stockholder Proposal Response?

1. Institutional investors who wish to exclude stockholder proposals.
2. Corporate governance teams at IBM requiring a formal response.
3. Legal professionals involved in shareholder matters.
4. Shareholders with vested interests in the exclusions being discussed.

People Also Ask about

What is the threshold for shareholder approval?

If a transaction outside the ordinary course of business resulted in any of the percentage ratios being above 25% it would qualify as a “class 1” transaction and require the publication of an FCA-approved shareholder circular and shareholder approval for the transaction.

What is the threshold for shareholder proposal?

Ownership Thresholds. Currently, to be eligible to submit a proposal under Rule 14a-8(b), a shareholder proponent must have continuously held at least $2,000 or 1 percent of a company's securities entitled to vote on the proposal, for at least one year as of the date the proposal is submitted.

Can shareholder proposals hurt shareholders evidence from Securities and Exchange Commission no action letter decisions?

Taken together, the evidence suggests that managers may be serving shareholder interests in opposing some proposals and that the no-action-letter process may be helping shareholders by weeding out value-reducing proposals.

What is the resubmission threshold for shareholder proposals?

Yes, although resubmission thresholds apply. Filers can resubmit in subsequent years if: the first-year vote achieves 5% of the votes cast; the second-year vote achieves 15% of the votes cast; or.

What is the 20% shareholder approval rule?

Nasdaq 20% Rule: Stockholder Approval Requirements for Securities Offerings. An overview of the so-called Nasdaq 20% rule requiring stockholder approval before a listed company can issue twenty percent or more of its outstanding common stock or voting power.

What is the shareholder threshold?

The 500 shareholder threshold was a rule mandated by the SEC that required companies to publicly disclose financial statements and other information if they achieved 500 or more distinct shareholders.

Who is the largest shareholder of IBM?

Board and shareholders Vanguard Group is the largest shareholder of IBM and as of March 31, 2023, held 15.7% of total shares outstanding. In 2011, IBM became the first technology company Warren Buffett's holding company Berkshire Hathaway invested in.

What is the word limit for a shareholder proposal?

It provides that a “proposal, including any accompanying supporting statement, may not exceed 500 words.”

For pdfFiller’s FAQs

What is IBM Exclusion of Stockholder Proposal Response?

IBM Exclusion of Stockholder Proposal Response refers to a documented response by IBM to exclude a stockholder proposal from consideration during the company's annual meeting based on certain regulatory criteria.

Who is required to file IBM Exclusion of Stockholder Proposal Response?

Companies like IBM that receive stockholder proposals are required to file an IBM Exclusion of Stockholder Proposal Response if they believe the proposal does not meet the requirements set by the SEC for inclusion.

How to fill out IBM Exclusion of Stockholder Proposal Response?

To fill out an IBM Exclusion of Stockholder Proposal Response, the company must provide details of the proposal, the specific rationale for exclusion, and any relevant legal or regulatory references justifying the decision.

What is the purpose of IBM Exclusion of Stockholder Proposal Response?

The purpose of the IBM Exclusion of Stockholder Proposal Response is to formally document the reasons for excluding a stockholder proposal from the annual meeting agenda, ensuring compliance with regulatory requirements.

What information must be reported on IBM Exclusion of Stockholder Proposal Response?

The IBM Exclusion of Stockholder Proposal Response must report information such as the stockholder's identity, the full text of the proposal, the basis for exclusion, and any relevant statutory or SEC rule citations.