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AT&T | PX14A6G: Notice of exempt solicitation

SEC announcement · Mar 28 06:08

T +1.03%

Summary by Moomoo AI

Bowyer Research, on behalf of Alliance Defending Freedom, has submitted a proposal urging AT&T Inc. shareholders to vote for a report on respecting workforce civil liberties. The proposal highlights concerns over divisive stances on political issues by large companies, particularly regarding diversity, equity, and inclusion (DEI) initiatives. It argues that DEI programs often label employees as 'oppressed' or 'oppressors' based on immutable characteristics, which can divide the workforce and pose legal risks. Recent Supreme Court decisions have challenged the legality of DEI practices, prompting some companies to retreat from such initiatives. The proposal suggests that companies should promote diversity by respecting individual dignity and unity, avoiding legal and reputational pitfalls. It also points out the financial risks of divisive workforce policies, as evidenced by companies like Disney and Target, which have suffered financially after engaging in controversial political debates. The report aims to assess and report on potential discrimination against employees based on religious or political views and the associated risks to AT&T. The proposal emphasizes the benefits of viewpoint diversity and the potential for ideologically diverse boards to contribute to superior firm performance. The submission concludes by urging shareholders to vote for the report in AT&T's 2024 Proxy to ensure risks are assessed and transparency is increased regarding the company's DEI practices.

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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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