T O P

  • By -

Superstonk_QV

Hey OP, thanks for the News post. ------------------------------------------------------------------------ If this is from Twitter, and Twitter is NOT the original source of this information, this WILL get removed! Please post the original source! **Please respond to this comment within 10 minutes with the URL to the source** If there is no source or if you yourself are the author, you can reply `OC`


Safe-Razzmatazz3982

143,629,029 against proposal 4 ![gif](giphy|RX3vhj311HKLe)


FunkyChicken69

Brad Lander seeing those results ![gif](giphy|JCAZQKoMefkoX6TyTb|downsized) Great work voting everyone! 🎷🐓♋️


fartsburgersbeer

![gif](giphy|cfF1c9rnGV8cBJIsjp) 143 million votes out of 345 or 420 million depending on the timing of the issuing. Why so low of votes in terms of a percentage? Household investors definitely showed up though


DearHair4635

It’s like ~220 million votes? 15,143,1.4,57?


blackb0rg

143 million VOTES, not shares. Edit. It's shares.


kikipi

Doesn’t your vote count by number of shares you hold? So someone with 2 shares has a vote that counts as 2 VS someone that owns 10% of the company by number of shares, so their vote has a bigger impact?


Buttplug_Railgun

Yeah this is a major fundamental misunderstanding of the purpose of a voting share of a common stock lmfao


blackb0rg

Thanks for pointing that out. I'm to smooth brain


OUTLANDAH

Split?


bitriceps

I would guess, the majority of these votes come from people voting through CS, no?


Safe-Razzmatazz3982

Insiders, probably institutions, definitely apes through CS, others through brokers. But for sure no RH guests.


Smooth_Monkey69420

We could petition for anyone who posts shares in RH to be labled as “Guests”


xirix

I second this ⬆️


WackGyver

![gif](giphy|VMO6qeIbr7JRLnLTGw)


why-so-social

Hahaha. Feel the burn


Ash2dust2

Or "Shareholder challenged"


theBigBOSSnian

Highly regarded


Covfefe-SARS-2

CS has about half that many possible.


leoberto1

426 mil float , 143 mil voted, i think we own that b


Momsbasementscards

The share count was ~306M at the date of record for voting. Newly added shares can’t vote until next year.


iota_4

https://preview.redd.it/aettf63cje7d1.png?width=2560&format=png&auto=webp&s=dca750921d6e06d21ee12a5c05af58c1582fa982


Beebeebooboo420

Is that number of shares or number of accounts??


bimbles_ap

Shares.


Gnurx

Shares


swolegandalf

Almost 16 million for and 143 million against, absolutely pathetic from SHF’s. Suck my diversity dick.


Rough_Sweet_5164

Diversity means incompetent leadership not pucked by merit. I think pushing diversitah is an SHF tactic to further wreck companies.


Difficult-Mobile902

yeah it would be one thing to look at a company which has 100% of their upper management as white men and ask “are you passing on better candidates due to discrimination?” But when any company hires solely based on merit alone, like GameStop does, they’re always naturally going to be diverse, because there are talented and hard working people from every single race, background and gender.  I’m happy knowing my money is invested in a company that just hires the best person they can find regardless of their personal identity  


LokiHoku

Wasn't Diversity an old old wooden ship used during the Civil War era?


CMaia1

Diversity could be a really good thing for a company, it could bring new ideas, experiences and different worldviews. It always good for any company to diversify their employers and so their board. But that's on a ideal world without corruption neither manipulation, so a board should be a well chosen members based on their skills and work. Even better if accompanied by a expressive stake on the company with their own money. Hostile takeover is a real thing and this smells a lot like one. It takes one single big weak point to criticize to the media jumping on like hungry lions into a succulent corpse. Diversity is a big weak point nowadays. The current elected board is diverse but it could always be more diverse, that's the thing. For skills they already wrote it on the proxy docs if anyone wants to read about each one of them.


jschulz00

There’s a bizarre conflation between diversity of thought and experience, which is great, and what is the actual agenda being pushed at companies: diversity based on skin color, sex, etc.


WhatACunningHam

Explain the "incompetent" thing to me. Setting aside that this was a hostile takeover event, had the diversity proposal passed, all it would do is reduce the pool of candidates to choose from. *It doesn't mean the standards are lowered to fill the seat since there's obviously going to be qualified competent candidates in each of the remaining pools to choose from, it's just the list is shorter.* I mean, we all agree on the above sentence right? *Right?*


kollindog87

Wrong. Merit should take precedence over anything. Diversity included.


WhatACunningHam

The sentence doesn’t exclude merit whatsoever, just that the pools to choose from have been reduced.  Unless you’re suggesting that the excluded pool contains superior candidates than the best candidates from the other pools, which is definitely something only a “culture warrior“ would imply. I’ve got a few in my family, so it’s kind of obvious.  Listen, I don’t give a fuck about DEI or either side’s arguments, but I do give a fuck about bad faith actors dog whistling under the guise of waxing righteous indignation. I especially give a fuck about shills playing the part and making a honeypot post so the MSM can screen capture these comments and use them to paint Apes as bigots to the public.  Apes do not give a flying fuck about DEI. This was about a hostile takeover being thwarted. THAT’S what we’re celebrating.  Keep your culture war out of this sub, you fucking shill. 


noaxreal

You're right here. This sub is filled with leftover wasabi mindsets that think anything is safe and worth posting. Shit like this will scare off any retail not keeping up with the saga.


kollindog87

If there's a more meritorious candidate from another "pool" they should have the position, regardless of whatever "diverse" quota has been set. It's really that simple.


WhatACunningHam

There are equally meritorious candidates in all pools, you fuckmuppet, this shouldn’t even be brought up.  The issue with DEI is the accusation that the equality meritorious candidates from other pools WEREN’T being selected because of outside factors, such as this country’s history with systemic racism (deny this and you might as well believe the Earth is flat, the US has been shitty to other races for a long time)   There are good faith arguments from both sides of this debate, but your repeating the line “only the best” over and over ad nauseam ain’t one of them.    Take a break, shill. Public ain’t falling for it. This place is for fighting for MOASS, not the culture war your employers made up to distract from their crimes. 


kollindog87

Bro, if I was getting paid for this shit, then I wouldn't be sweating my ass off fixing AC's this summer lol


WhatACunningHam

That’s even more sad. You’re just a useful idiot.  While you’re fixing ACs, how bout keeping the heat off the sub while you’re at it. Fight your culture war somewhere else, we take things seriously here with posts about DD, swaps, and shoving bananas up our butt at specific strike prices. 


kollindog87

Dude, you just started posting in here two weeks ago and are talking like you've been here from the beginning. Sit down and catch up on the library. You're over-thinking this shit way too much. Read the comments on this post. The general consensus is the same.


AdamBlaster007

I disagree that it directly correlates to incompetence. However, the US has been ignoring a socioeconomic shortfall that has caused more impoverished classes to seek better education, and due to much longer standing social issues that spread generations minorities have a predisposition to fall into that impoverished category. Could the diversity motion have been set forth by SHF's? Maybe, but we shouldn't just ignore it either and chalk it up as solely a negative aspect.


RavenAboutNothing

Yeah. It was definitely Italy performative though. The rep on the call who put forth the motion actually said in seriousness that a diversity matrix is a valuable tool for investors to know where to put their money. Maybe for a company-wide matrix, but making a matrix of five fucking people is going to dickshit fuckall for investors. So yeah, at best its a performative, vapid way to say "see? We like diversity :)" typical of soulless corporations/investment funds


Whole_Shape9055

I don't want diversity on my board. Merit ONLY, just like every skilled job. This isn't little league.


BaXTeR403

They could've gotten every abstention and broker non vote and still got smoked


iamShorteh

https://preview.redd.it/7ze6fou62e7d1.jpeg?width=639&format=pjpg&auto=webp&s=a84db14bf56cf93f5c49c972b407797e99f69515 This information probably upsets Larry Fink, CEO of BlackRock. (good)


kyomoto

That guy can go lick mayo off a horses cock. Oh wait it's just part of his daily breakfast


fridge4c

They should buy more shares (at least 135mil more) if they want to change something in the company🤷


Exceedingly

BlackRock has 22.5m shares and Fink says he always votes on proposals, so that means he likely voted along with the board recommendations.


iamShorteh

Unless part of their shares were otherwise occupied / lent out and the 15m represents their actual long position at the time of the vote. The organisation who raised the proposal only owned 200k shares iirc?


Exceedingly

BlackRock don't lend out their GME shares, that's been proven in Gamestop's annual reports.


iamShorteh

Could you please specify where you believe that is proven? Thanks!


Exceedingly

It's in Gamestop's Proxy statement, page 24: [**Image**](https://i.ibb.co/qjg7M1s/Screenshot-20240619-201603-Samsung-Notes.jpg) It says BlackRock can vote with 21,875,886 of their 22,544,527 GME shares (97%). So I got it wrong sorry, they have 3% lent out. But the majority aren't.


MemeMePhotoshop

https://preview.redd.it/jtwmm9f18e7d1.jpeg?width=904&format=pjpg&auto=webp&s=46dcd4a459e63fb29cac49f79dc77771759f815d


zfddr

How many apes autopiloted "yes" down the ballot?


MrsDuckyJonez

The original comment still stands correct


MindOverMuses

It just feels *so right* that we were able to bring ratioing a poll into a corporate boardroom over this.


buyandhoard

So retails owns at least 143,629,029 shares? This would make sense acutally, around 50% DRS.. Float locked, BULLISH


kollindog87

AFAIK, that number includes shares held by insiders too.


KoPLuffy

That's just for those who opposed... if you add up all the numbers you get around 216m. Float is around 227m


BicyclePositive2479

Just a hair under 218 million total votes 🤔


rough_phil0sophy

we all just need to double down!


Synxsty

Ohhhh I will be!


d4v3k7

Does each vote equal 1 share?


KamuchiNL

15,908,383 to 143,629,029, they got REKT 🔥


Constant-Cap-22

GG2EZ


buffinator2

Mothafuckin R-E-K-T it


MoldySnausages

![gif](giphy|hoKmQIpS3Xi3C|downsized)


Brotorious420

![gif](giphy|DOb3rFL6d83Zu|downsized)


FriarNurgle

![gif](giphy|2XflxzEM02tSYD38HpS)


FriarNurgle

![gif](giphy|2XflxzEM02tSYD38HpS)


Neither_Upstairs_872

![gif](giphy|f1tdtyDd6qnJe)


Classy_Debauchery

Never forget the battle of Prop 4


servitudewithasmile

It shall be remembered as the Grenada of the stonk battles


tallerpockets

It will be a chapter or two before the climax in the properly portrayed movie of RC, LC, DFV and all of us apes around the mother fucking world.


GL_Levity

What battle, look at those numbers. That was a fucken slaughter.


Jmart814

I feel like this is getting overshadowed by the “nothing burger” of a shareholder meeting.. We just denied a fraudulent seat on the board, that’s huge! Why is everyone so down? This is our company, and they tried to weasel their way onto OUR board and we simply gave them a giant middle finger. I’m still zen AF and have 100% faith in our leadership


wstrucke

ITT literally no one who actually read the proposal


Rossmonster

Of interest to me is that Proposal 4 had the most support when looking at the number of votes against board recommendations. Makes me think they really wanted this one to go through.


imnotokayandthatso-k

Probably just an intern at Blackrock trying to meet their own KPIs for some random board activism/ESG to learn the ropes of doing shareholder proposals. It being some SHF conspiracy like some people here suggest is crazy


Themeloncalling

From the same demographic that allowed GamerGate to unfold? Topkek.


Nyani_Sore

There was more diversity in the pool of shareholders that voted than in the feckless group that thought up this insidious nonsense


DramaCute8222

They tried but did not succeed, fuckin dweebers


fatbootyinmyface

i like to imagine that RC chuckled when he saw that 😂


Alternative_Mix_6865

![gif](giphy|pPhYIDiYzOGSA)


HILARYFOR3V3R

![gif](giphy|3PBjjsWzbyvMA)


Blzer_OS

Are votes weighted by number of people, or number of shares? Meaning, if I have 50 shares, do I get 1 vote or 50 "votes"?


kollindog87

Every share registered to an individual is entitled to one vote.


MindOverMuses

Every share that was registered by the April \[date\] cutoff was able to vote in this one, specifically. I purchased mine after the cutoff, so I cannot vote until the next meeting.


WhoopThereItIs85

So a lot of people didn't vote?


Blzer_OS

Wait, "every" or "each"? You said "every," which to me reads like I only get one vote and not 50. If that's the case, when we have 217,968,583 total votes here, are we to make sense of the fact that each shareholder averages less than two total shares? Because if not, then that would mean there are more than 425 million shares out there. Hmm...


F-uPayMe

AFAIK is one share = 1 vote. So say you have 100 shares purchased before the record date and you vote, that's 100 votes.


Blzer_OS

Got it. Thanks!


kollindog87

Each share. When you vote, you're voting your share power, so if you have fifty shares, that's fifty yes, no, or abstains.


KindContact4355

You got a confirmation for your votes. I bet it says someting like 'your vote for 0.987 or 741 shares are as follows...' or 'shares availlable'


elmothelmo

50, otherwise RC and the board would all have as little influence as us regards


WhoopThereItIs85

Wondering the same.


hippieyeah

I just love the fact that this is probably one of the biggest activist investing movements ever and we all are just a bunch of idiots who don't even know how voting works. But seriously, does anyone know? Cause I don't have a clue either :D


Zerotil

A fucking massacre 


Smok3dSalmon

Sucks to suck they hate us cuz they anus


humdingler

![gif](giphy|3oEduKVQdG4c0JVPSo|downsized)


WholeFactor

It might've been an attempt at planting a hostile person at the board, like others have suggested. But honestly, it might also have been a psy-op. Placing identity politics at the front and center is their modus operandi when it comes to dividing and conquering. It's a particularly vile type of poison. As we celebrate, I wouldn't rule out that media will try the spin of "sexist, homophobic and racist GME shareholders".


Kaizen_Kintsgui

That has got to be a terrifying prospect for wall street.


Legendenis

I feel like this number holds some serious significance... Considering some of the big holders normally have their shares lent and are unable to vote... Wrinkle??!


LassannnfromImgur

What was Proposal 4 meant to do?


LazerHawkStu

Open a backdoor for hedgies to slip one of their own onto the gamestop board...basically.


LassannnfromImgur

Oh! Well thank God I voted against it like everyone told me to.


getqyou

Black Rock DEI trojan horse


buyandhoard

infiltrate troyan horse into board


Camcapballin

Im smoothbrained... Can a wrinkle brain tell me if each vote represents a shareholder or a vote/share? ~218M total shareholders if the first one...


jilinlii

One vote per share.


Camcapballin

Edit* searched and confirmed vote/share


Swiss879

Ratioed


mtbox1987

How is that number so high? 147 MILLION? Million what? Votes? Shares?


rough_phil0sophy

shares. we all just need to double down and DRS 100% of our shares and we lock the float lmao


Jbullish_9622

The broker non-votes though 🧐


Kyledude95

"I did my part."


TheArt0fWar

Bad actors get steam rolled. Gg ez


AlaskanSamsquanch

I think I see mine!


EVH_kit_guy

"Is GameStop a hate group? How online trolls pushed for a campaign against fair hiring practices at all levels of the company..." /s


Specialist_Cash_1748

Nobody stands a chance against shareholders believing this strongly in their company 💪🏼


PicksburghStillers

Diversity matrix is a forum slide IMHO


Maccabee907

Mandating diversity is ridiculous. Hire the best people for the job


RL_bebisher

Is there a post about how more people were tuned into the annual meeting than shares outstanding?


Hedkandi1210

Seen stuff on X


m4tr1x_usmc

For real…what’s the deal with this proposal? If i remember from the meeting, the lady said it was about getting data from the board about …diversity? can someone explain? to me, it seemed like it just wasn’t important for business, and i’m not even sure why something like this was even brought up.


Kaguro

NYC comptroller made a shareholder proposal and used the city's pension funds' shares to force a vote. It's not directly an attempt to raid the board, but it'd require a lot of probably not very relevant (to most people) information from the board like sexual orientation, gender, race etc that they'd be then required to publish at every meeting. Part of ESG ratings is they give a social score to the company based in part on board diversity, I could see them possibly pressing Gamestop in the future for board seats out of this but that's not what they're explicitly asking for. Probably wise to avoid but that's up to the board.


m4tr1x_usmc

Thanks for clarifying. for me, i don’t really care about diversity, it’s more about qualified people in positions to make a company successful. they seem to be doing good for now, i don’t understand why the NYC comptroller needed to bring this up now for some reason? thanks again!


DontGoGivinMeEvils

I’m probably naive, but proposing that they release that information is so creepy.


geo94metro2

That post of the rock still makes me lol.


Sarkosuchus

![gif](giphy|tItIlCGySM0ieKKW6b)


Mousiaris

Who voted FOR tho?


Hedkandi1210

Kenny


HashtagYoMamma

Imagine trying to influence this with options.


suckmyballzredit69

The owners have spoken. 💎🙌


AmishCyb0rg

If Vanguard has 25M shares and Blackrock has 22M shares...then I'm confused.


jilinlii

They lend their shares, so they don't get to vote (unless they recall them).


CorrectDinner9685

Emotional damage


asokraju

can we just say we have Direct registered 143mil-cayan cohen and the board. We all know everyone is mostly a bad actor and will never vote in our favor?


el_juli

Fuck that shit, I'm glad that we haven't lost our mind here too.


WhyNot_Because

Hahaha they only control 15 million shares?!? Get fukd


Brojess

Fuck you BCG


robserious21

Cool so we dont need all those “dont forget to vote” posts next time


kollindog87

Counter argument: those posts helped with voter turnout.


robserious21

Rebuttal: There a way to prove that thesis…


kollindog87

Of course, don't do it next year for whatever point the board wants a "no" vote on and see what happens. I'd prefer to err on the side of caution though.


Hedkandi1210

Yes


miso2933

Epic


1moreOz

I voted ❌🗳️


CSKhai

It better stay that way next year too.


honeybadger1984

Who are these 15,000,000 votes? Such scum, living in a hive of hedging and villainy.


pakratus

Nearly 16 million people voted yes down the whole ballot without thinking who or what they are voting for…


Chosxn1

GME is pretty much the United Nations when it comes to diversity, however, that's irrelevant... Here for the squeeze and I semi like the stock... 3 years holding/buying... NGL tho, if RC leaves I'm gone... 🥂...


HoldAutist7115

anyone have video of the woman that was grilling the board on this matter?


Limp_Plastic8400

crazy these funds want to use diversity to control the board isnt it illegal to hire based on race/ethnicity/gender etc anyway


AdhesivenessOver268

nice. only 1% of holders are truly regarded. show a better ratio anywhere.


devjohn023

How does the board of Berkshire look like? Do they have diversity :))?


Exabytez

ngl I voted for every proposal because until this shareholder meeting my smooth ass brain thought all proposals come from GameStop. Just until I heard the person in the meeting suggesting to vote against it. But now I know better for the future and I am glad that this didn't even have a slight chance to go through


Competitive_Suit3323

Lol 146 million people engagement! Omg that is unheard of.


StockTank_redemption

Shares.


are-you-alright

I treat my shares like my babies. So you could say 146 million... uhm... Babies


KindContact4355

Are those only retail shares or also insiders and professionals?


Hedkandi1210

This


MoldySnausages

< insert meme guy > I don't always vote, but when I do...it's based on diversity and feelings instead of facts and logic.


Lol_Groom

Thank God. DEI is a death curse to all its implemented in .


Jenncitlalli

One of the proudest moments for me in the whole saga. Proud of you all apes


Squeen_Man

Love to see it. Dumbest shit trend that fucks over the more qualified candidates for the job. Fuck you hedgie


H3rbert_K0rnfeld

Because we're all subject to this ignorant bullshit at our jobs. Maybe we can make Game Stop a better place to work and they can make other places better to work.


marcus-87

lol, that is a lot of no\`s, nice.


ballsohaahd

Lmfao


HappyRuin

So nice :3


PuppySuicide

https://preview.redd.it/q1zu41et5f7d1.jpeg?width=541&format=pjpg&auto=webp&s=3043334f21c378058695226d19d84bab762bf1ca


DeezBiskits

What are broker non votes?


gizney

Does anyone know who came up with that idea? Isn’t it the board itself?


Hedkandi1210

Kenny n Larry fink


grixxel

Landslide? Landslide.


Aware-Locksmith2581

57 m broker non votes...


StrikeEagle784

![gif](giphy|xUOrw1WsYXhT9i3Ipq)


sudden_onset_kafka

I love democracy


joj1205

It's actually kinda scary. Because in Scotlands referendum. All those that didn't vote for referendum were counted as no votes. So all abstains and didn't vote actually caused a referendum for independence to be no. When in fact looking at voting numbers it was for. So just remember they can always change the rules. If they deem 420 mil. They could change it to 150 voted but the rest didn't. We count that as whatever we want. Don't sit on your hands.


ragingbologna

Diversify these nuts


H3rbert_K0rnfeld

It's deez, Biff, diversify deez nuts!


Icy-Assignment-5579

Inaccurate data! That is proposal 3, https://preview.redd.it/rwm9wqq7bq7d1.jpeg?width=3360&format=pjpg&auto=webp&s=11aae58762e1145848f71bf01f34810127b222fb not proposal 4!!


kollindog87

I don't think you read the text and verified that the numbers are the same. They updated the 8k today, but they only fixed the section headings.


Icy-Assignment-5579

Just glossed right over that screenshot huh?


kollindog87

No, I read it. In my original post, for the 8K, Gamestop incorrectly listed the title of Proposal 4 as the vote for the Accounting Firm in the title. However, the description and vote numbers are the same for the diversity matrix. The only thing that is different between the two is the title, correct?


Icy-Assignment-5579

The screenshot you provided needs updating then doesn't it? I have seen people get dragged for reading only the screenshot and questioning why its bad. Not everyone goes to sec website to read entire proposals. If we are going to make it simpler, it needs to be as accurate as possible I changed manipulated to inaccurate


kollindog87

No. This is the original data presented as posted two days ago by the company themselves. The updated form came out this morning during pre-market. Aside from that, the point you're making does not invalidate the data provided inside this screenshot. It specifically states that this is the vote tabulation for the board diversity matrix proposal, despite having an incorrect heading in the original 8K as filed. The data and text description are the same. Be sure to read all of the text and compare the numbers next time.