SEC Rule 14a-8

This rule provides a mechanism for shareholders to raise issues related to governance, social responsibility, or other corporate matters without undertaking the expense of their own proxy solicitation.

To be eligible, a shareholder must have continuously held at least $2,000 in market value, or 1% of the company’s voting securities, for at least three years (or meet certain thresholds for shorter durations).

Companies may exclude proposals under specific grounds, such as if the proposal relates to ordinary business operations, has already been substantially implemented, or falls under procedural deficiencies.