Jasper Street’s Monthly Insights includes noteworthy observations and commentary on recent developments associated with core proxy season focal areas including shareholder engagement and activism, shareholder proposals, and discrete institutional investor developments.
Notably with regard to the SEC’s recent shift in managing Rule 14a-8 no-action requests, the firm reports 133 companies having excluded 163 proposals as of March 31 since the November 17, 2025, announcement. The following bar charts show the bases for exclusions as of that date, with many proposals citing more than one procedural and/or substantive basis for exclusion:
