From 8e1c21f9b0d8a7ca48e4ec48f086f04a9282dedf Mon Sep 17 00:00:00 2001 From: verymeticulous Date: Fri, 7 May 2021 17:27:54 -0400 Subject: [PATCH] Create 2021-04-23-Everything-You-Need-to-Know-about-14A-Proxy-Statement-and-Voting.md --- ...ow-about-14A-Proxy-Statement-and-Voting.md | 110 ++++++++++++++++++ 1 file changed, 110 insertions(+) create mode 100644 GameStop-News-and-Information/2021-04-23-Everything-You-Need-to-Know-about-14A-Proxy-Statement-and-Voting.md diff --git a/GameStop-News-and-Information/2021-04-23-Everything-You-Need-to-Know-about-14A-Proxy-Statement-and-Voting.md b/GameStop-News-and-Information/2021-04-23-Everything-You-Need-to-Know-about-14A-Proxy-Statement-and-Voting.md new file mode 100644 index 0000000..046bcba --- /dev/null +++ b/GameStop-News-and-Information/2021-04-23-Everything-You-Need-to-Know-about-14A-Proxy-Statement-and-Voting.md @@ -0,0 +1,110 @@ +Everything you need to know about 14A Proxy Statement & Voting +============================================================== + +| Author | Source | +| :----: | :----: | +| [u/thr0wthis4ccount4way](https://www.reddit.com/user/thr0wthis4ccount4way/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/mxa8gy/everything_you_need_to_know_about_14a_proxy/) | + +--- + +[š‘šžšÆš¢šžš°šžš šƒšƒ āœ”ļø](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%90%91%F0%9D%90%9E%F0%9D%90%AF%F0%9D%90%A2%F0%9D%90%9E%F0%9D%90%B0%F0%9D%90%9E%F0%9D%90%9D%20%F0%9D%90%83%F0%9D%90%83%20%E2%9C%94%EF%B8%8F%22&restrict_sr=1) + +[![r/DDintoGME - Everything you need to know about 14A Proxy Statement & Voting](https://preview.redd.it/nn8sg1j3e0v61.png?width=1600&format=png&auto=webp&s=7c59356248dff68b8a0a48215a7bfcf580aa4120)](https://preview.redd.it/nn8sg1j3e0v61.png?width=1600&format=png&auto=webp&s=7c59356248dff68b8a0a48215a7bfcf580aa4120) + +This is a work in progress. Last updated: 4/26 @ 11:50 ET + +VERY IMPORTANT WARNINGS + +1) BE CAREFUL WHICH LINK YOU USE TO VOTE. + +- THERE ARE PHISHING WEBSITES MEANT TO TAKE YOUR CONTROL NUMBER. + +2) DO NOT USE THE LINKS WITHIN YOUR EMAILS! SOME BROKERS DO NOT SEND THE FULL VOTES OUT. + +- INSTEAD, COPY THEĀ CONTROL NUMBERĀ FROM THE EMAIL AND FOLLOW THE OFFICIAL LINK FROM THE 14A PROXY STATEMENT FOUND ON THE SEC/GAMESTOP WEBSITE + +- *more details and references below* + +Official Links + +- [Official links from GameStop Website](https://news.gamestop.com/proxy-online-0)Ā << Updated + +- [Official 14a Filing from SEC website](https://www.sec.gov/Archives/edgar/data/0001326380/000119312521126940/d122967ddef14a.htm) + +- [Official 2021 Investor Materials from proxydocs.com](https://www.proxydocs.com/branding/962080/edocs/2021/issuer/) + +- [Official & Verified Voting Portal direct link from Official Proxy Statement](https://www.proxypush.com/gme)Ā *<< Check this yourself from the 14a SEC filing* + +- SEC Filings from previous years: + + - [2020](https://sec.report/Document/0001193125-21-126940/) + + - [2019](https://sec.report/Document/0001326380-19-000087/) + +Voting + +- Shareholders can vote for 3 proposals found in the proxy statement, as well as more during the Annual General Meeting to be held 6/9/2021 + + - *Election of Directors* + + - *Advisory vote on Executive compensation* + + - *Ratification of appointment of independent registered public accounting furm (Deloitte)* + +- You should receive an email from your broker with aĀ Control NumberĀ used to vote. + + - If your broker has not given you notice - call them and chase them for it. + +- [Vote using the Official Portal](https://www.proxypush.com/gme). + +- There are scams going around (obviously) meant to take your control number. + +- [Broker-By-Broker How to vote for Europeans](https://www.reddit.com/r/Superstonk/comments/mwpqdf/europoors_what_needs_to_be_done_to_be_able_to/) + +- Remember that many brokers are not on your side ([restricted buying in Jan](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/), andĀ [are paid by Citadel for order flow](https://www.reddit.com/r/DeepFuckingValue/comments/mbvplb/huge_citadel_is_paying_for_order_flow_from_nine/))Ā andĀ [may not report all your AGM Votes](https://csbweb01.uncw.edu/people/moffettc/about/Research%20Papers/IIJ-JOT-BROOKS.pdf)Ā ([highlighted section from the documen](https://preview.redd.it/fyk4rjhelxu61.png?width=732&format=png&auto=webp&s=8d54aff4d121c4d45ef8c47cdbcee4e6389185dc)t). + + - I recommend that you follow GameStop or SEC's official 14A Proxy Statement, finding the official link in the bottom of page 1, following it and entering the Control Number. + +- The Board of Directors recommends that you vote 'FOR' (not 'against) every option, also found in page 1 of 14A. + +Overvoting + +- RC & BODĀ [requesting to vote ASAP](https://www.reddit.com/r/DDintoGME/comments/mwmjbf/important_request_by_rc_and_bod_for_votes_asap/). + +- It isĀ [possible to overvote with synthethic shares](https://www.reddit.com/r/Superstonk/comments/mws33j/voting_rights_date_of_record_failure_to_deliver/gvk1u09)Ā and has happened in the past. + +- [Overvoting would prove to be hard evidence showing the corruption surrounding naked shorting](https://www.reddit.com/r/Superstonk/comments/mwybt4/voting_is_the_catalyst_rc_cannot_prove_there_is/). + +Observations from 14A + +- Reveals aĀ [modest increase in actual outstanding shares](https://www.reddit.com/r/DDintoGME/comments/mwjn3l/analysis_of_the_proxy_gme_has_not_sold_the_35/)Ā between the filing of the 10K on 3/17 and the data collection for the proxy on 4/15, and has not sold much (if any) shares. + +- New Directors will get 200k of shares @ 30-day average price before starting employment. + +- Substantial increase to their liquidity was sales of existing corporate assets. + +- From the footnotes:Ā [BlackRock may be able to vote, while Vanguard may not](https://www.reddit.com/r/GME/comments/mww179/14a_tells_us_blackrock_can_vote_but_youd_have_to/). + +- [Gamestop now owes $47.1M in short-term debt andĀ noneĀ in long-term debt](https://www.reddit.com/r/GME/comments/mwq2lp/additional_updates_from_the_gme_proxy_statement/). + +Calculating float from figures in the statement + +- Using figures from 14A: Outstanding shares - Institutional - Insiders =Ā 26,644,355 floating shares. Kindly note that this calc. usesĀ [SEC Filing data from EOY 2020, which are not representative of current institutional holdings](https://fintel.io/doc/sec/1326380/000090266421001289/p21-0581sc13ga.htm). + + - Speculation / Lack of Accurate Data:Ā [Rough estimation of retail ownership ranges between 100-300% of float](https://www.reddit.com/r/Superstonk/comments/mwskkv/retail_easily_owns_100300_of_the_remaining_float/). + + - AnotherĀ [rough estimation of float which incudes ETFs](https://www.reddit.com/r/Superstonk/comments/mwi1zl/gme_float_dd_what_is_the_free_float/)Ā =Ā 16,923,496 floating shares. + + - [Small-institutional ownership](https://www.reddit.com/r/Superstonk/comments/mwuutw/estimating_small_institution_gme_ownership/)Ā (excluded above)Ā own an additional 20M shares. + + - AnotherĀ [rough estimation excluding retail and some intitutions](https://www.reddit.com/r/GME/comments/mwmkgj/shares_outstanding_simple_math_14a_etfs_terminal/)Ā sums up aroundĀ 68M share ownership. + + - Considering all of the above estimations, it is quite safe to assume that there is a huge number of synthetic shares floating around. + +Reference threads + +[[ 1 ]](https://www.reddit.com/r/DDintoGME/comments/mwjn3l/analysis_of_the_proxy_gme_has_not_sold_the_35/)Ā [[ 2 ]](https://www.reddit.com/r/DDintoGME/comments/mwmjbf/important_request_by_rc_and_bod_for_votes_asap/)Ā [[ 3 ]](https://www.reddit.com/r/Superstonk/comments/mwskkv/retail_easily_owns_100300_of_the_remaining_float/)Ā [[ 4 ]](https://www.reddit.com/r/Superstonk/comments/mws33j/voting_rights_date_of_record_failure_to_deliver/gvk1u09)Ā [[ 5 ]](https://www.reddit.com/r/Superstonk/comments/mwuutw/estimating_small_institution_gme_ownership/)Ā [[ 6 ]](https://www.reddit.com/r/GME/comments/mwmkgj/shares_outstanding_simple_math_14a_etfs_terminal/)Ā [[ 7 ]](https://www.reddit.com/r/GME/comments/mww179/14a_tells_us_blackrock_can_vote_but_youd_have_to/)Ā [[ 8 ]](https://www.reddit.com/r/GME/comments/mwq2lp/additional_updates_from_the_gme_proxy_statement/)Ā [[ 9 ]](https://www.reddit.com/r/Superstonk/comments/mwybt4/voting_is_the_catalyst_rc_cannot_prove_there_is/)Ā [[ 10 ]](https://fintel.io/doc/sec/1326380/000090266421001289/p21-0581sc13ga.htm)Ā [[ 11 ]](https://csbweb01.uncw.edu/people/moffettc/about/Research%20Papers/IIJ-JOT-BROOKS.pdf) + +Will be updating with more information tomorrow - it's late and I rushed the post out due to the phishing bullshit going around. + +Let me know in the comments if I missed anything, or if something new pops up.