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Adobe | PX14A6G: Notice of exempt solicitation

SEC announcement · Mar 22 13:37

ADBE +2.02%

Summary by Moomoo AI

NorthStar Asset Management, Inc. has submitted a shareholder proposal for Adobe Inc.'s upcoming Annual Meeting of Stockholders on April 17th, 2024, urging a vote 'FOR' proposal #6. The proposal requests Adobe to prepare a report analyzing the alignment of its hiring practices with its diversity commitments, specifically regarding the employment of individuals with arrest or incarceration records. NorthStar highlights the potential for Adobe to expand its workforce and meet diversity, equity, and inclusion (DEI) goals by hiring from this underserved population. The proposal argues that Fair Chance employment practices can mitigate business risks associated with skilled worker shortages and reputational damage from unmet DEI commitments. It also points out the economic and societal benefits of including the nearly 70 million Americans with criminal records in the workforce. Adobe has acknowledged the importance of diversity with its 'Adobe for All' initiative but has been critiqued for lacking transparency in its current hiring disclosures. The proposal emphasizes that Fair Chance hiring can increase workforce diversity and suggests that tech companies like Adobe can benefit from this untapped talent pool to address the skilled labor shortage in the tech sector.

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This announcement is a separate document:

Doc 1

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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The information summarized by Moomoo AI is generated automatically by a third-party artificial intelligence (AI) model based on the news content. It does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliated companies. Due to implementation limitations and technological capabilities, the AI-generated information quality may vary. You agree that any action you take upon the information on this page is at your own risk. You further agree that MTI and its affiliated companies shall not be held liable for any losses or damages incurred as a result of your use of the above information.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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The moomoo app is an online trading platform offered by Moomoo Technologies Inc. Securities, brokerage products and related services available through the moomoo app are offered by including but not limited to the following brokerage firms: Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS), Futu Securities International (Hong Kong) Limited regulated by the Securities and Futures Commission of Hong Kong (SFC), Moomoo Financial Canada Inc. regulated by the Canadian Investment Regulatory Organization (CIRO) and Futu Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC).

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