Buckminster
Well-Known Member
So Pelosi is a type of beer? That China wants to poison Taiwan with? Probably a Brexit thing I guess.
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Part of it for sure.One of the reasons Tesla may be trying to get out the vote:
Tesla investors urged to vote against board members, for shareholder proposals by influential advisory services
Two prominent and influential proxy advisory firms are urging Tesla Inc. investors to vote against the reelection of two board directors, and are...www.marketwatch.com
Part of it for sure.
Here's the breakdown for people via the 14a
Proposals 1 and 5-13 are majority of voting shareholders
Proposals 2 and 3 (board terms and elimination of supermajority) require a supermajority vote
Proposal 4 (share increase) requires majority of outstanding shares.
2 and 3 are pretty important to the functioning of the board and Tesla wants them passed. Thus the push for shareholders to vote.
Along with that Tesla is a rarity amongst mega cap stocks... only about ~55% of the float is held by institutions. So they kinda need retail to vote. Whereas somebody like Google is >80%.
I don't recall any real issues. Some people it took a few days to register fully (totally normal), but I don't recall any not actually getting executed. GME is a different animal because the short float is so, so much higher.Was wondering if any TSLA investors that held through the stock split distributed by share dividend in 2020 recall any issues with the way the DTC issued the dividend shares to shareholders via their brokers?
I assume from reading much earlier posts in this thread that the number of TSLA shares in existence were considered to be far higher than the number of TSLA shares outstanding at the time which in part resulted in the large runs post split.
Reason I'm asking is due to the current events with Gamestop, whereby many believe the spilt week before last was issued as a normal stock split and not a stock split dividend by the DTC despite clear instruction from Gamestop confirming it was to be distributed by dividend. There's a brief summary of what's happening here:
Has The DTC Failed To Deliver GameStop’s Dividends?
Over the weekend hundreds of GameStop shareholders have reported on social media that brokers have failed to properly issue stock dividends…medium.com
If anyone can recall any doubt over how the split was distributed back in 2020 I'd be grateful to hear your recollection.
Thanks!
IMO the Tesla board likes to operate on their own ideas and viewpoints and not shareholder pushes. They don't want to be required to report on or do something that they don't feel is an issue... where some activist investors (people spin this as a bad term and sometimes it is... but sometimes it isn't) will want certain things reported on. Not really uncommon to have happen.I guess the question I have is why are these “prominent firms” trying to get folks to vote that way? Just trying to create turbulence within the company/board?
I wasn’t supper serious but thanks anyway.Just about zero chance of that happening due to the shareholder limit.
Apparently I'm super serial today!I wasn’t supper serious but thanks anyway.
Hopefully these high profile allegations/judgements around discrimination have already pushed some changes.IMO the Tesla board likes to operate on their own ideas and viewpoints and not shareholder pushes. They don't want to be required to report on or do something that they don't feel is an issue... where some activist investors (people spin this as a bad term and sometimes it is... but sometimes it isn't) will want certain things reported on. Not really uncommon to have happen.
Along with that Tesla is a rarity amongst mega cap stocks... only about ~55% of the float is held by institutions. So they kinda need retail to vote. Whereas somebody like Google is >80%.
Same answer from a variety of UK providers, SIPP & ISA. I did try to register with Tesla from Martin Viecha's tweet, uploaded some evidence - but nothing more yet (other than SEC filing notifications & reminders to vote - there's still time!)
Was wondering if any TSLA investors that held through the stock split distributed by share dividend in 2020 recall any issues with the way the DTC issued the dividend shares to shareholders via their brokers?
I assume from reading much earlier posts in this thread that the number of TSLA shares in existence were considered to be far higher than the number of TSLA shares outstanding at the time which in part resulted in the large runs post split.
Reason I'm asking is due to the current events with Gamestop, whereby many believe the spilt week before last was issued as a normal stock split and not a stock split dividend by the DTC despite clear instruction from Gamestop confirming it was to be distributed by dividend. There's a brief summary of what's happening here:
Has The DTC Failed To Deliver GameStop’s Dividends?
Over the weekend hundreds of GameStop shareholders have reported on social media that brokers have failed to properly issue stock dividends…medium.com
If anyone can recall any doubt over how the split was distributed back in 2020 I'd be grateful to hear your recollection.
Thanks!
Well I guess that answers one question that was thrown around here a lot. Is there any difference between a normal "stock split" and a "stock split dividend" even though in theory they result in exactly the same thing. The answer is an absolute YES. The difference is that for a "stock split" every body just multiplies the shares/options by the multiplier and your done. For the "Stock split dividend" the DTC has to actually create the additional shares, distribute them to the brokers, and the brokers then have to distribute them to the individual shareholders.
It should really only be a problem for naked shorts, but all of the "professionals" say that nobody has naked shorts for any period of time. I guess we will see if anything happens to the GME stock value when the process is handled correctly.
Well it's certainly in the ether. Just a reminder that the very public 120+ page Tesla 2021 Impact ReportHopefully these high profile allegations/judgements around discrimination have already pushed some changes.
In my Schwab interface I had to go => Service => Corporate Actions => Proxy Events (probably since I voted, it wasn't "New" any more).Just an FYI for those with shares in Schwab, Fidelity, or TD Ameritrade. You do not need any special email to vote though the link is a nice shortcut. Just login to your account (desktop version) and follow below. It is called something different on each platform.
Fidelity -> All Accounts -> More -> Documents -> Proxy Materials
Schwab -> Proxy Events will show as a link under “What’s New?” on the right side of the screen when you login.
TD Ameritrade -> My Account -> History & Statements -> Shareholder Library -> eDocuments
Thanks for the response.For the "Stock split dividend" the DTC has to actually create the additional shares, distribute them to the brokers, and the brokers then have to distribute them to the individual shareholders.
I just looked in my E*TRADE transaction history and on 8/31/2020 it shows that I "bought" 4x the number of shares I held for $0. (With a description of "TESLA INC COMMON STOCK STK SPLIT ON <x> SHS REC 08/21/20 PAY 08/28/20" where "<x>" was the number of shares I held.)Again, appreciative of any comments from TSLA shareholders that were holders during the last split.
Can someone here simply tell me - spoon feed - how I should vote in each of those 13 items? I would prefer to do 'Musk party line' voting.For Fidelity, I got this email on Jun 30.
View attachment 835825
I then got several reminders over the last few days, including this one this morning. Voted today.
View attachment 835826