TripAdvisor, Shareholder Proposals
While domiciles have been in the news, there’s also a decent case that illustrates the issues, TripAdvisor
Before we get to the case, why do we care about Nevada?
Is this about leaving Delaware, or going to Nevada?
Can’t companies or shareholders just decide where they want to incorporate?
So, TripAdvisor - what happened?
Company sought to reincorporate from Delaware to Nevada, what happened?
TripAdvisor is a controlled company, so shareholder vote doesn’t matter?
Shareholder sued to stop it, in Delaware of course
What happened at the trial or hearing?
What is the status?
What can we expect to happen next?
What’s going on with shareholder proposals?
What are shareholder proposals?
What’s the problems with 14a-8 proposals?
How did the UMW get around these problems at Warrior Met Coal, using 14a-4?
How did Starboard take advantage of 14a-4 at News Corp?
What can we expect to happen next?