share_log

McDonald's | PX14A6G: Notice of exempt solicitation

SEC announcement ·  Apr 18 14:27
Summary by Moomoo AI
The Shareholder Commons, Inc. has submitted a proposal urging shareholders to vote in favor of Item 6 at the upcoming McDonald's Corporation Annual Meeting on May 22, 2024. The proposal calls for McDonald's to adopt an enterprise-wide policy to phase out the use of medically-important antibiotics for disease prevention in its beef and pork supply chains. This initiative aligns with WHO guidelines and aims to mitigate the risks posed by antimicrobial resistance (AMR) to public health and the economy. McDonald's, being the largest beef purchaser in the U.S. and a major pork buyer, has significant influence on market practices. The company opposes the proposal, claiming it is unnecessary, duplicative, and would not benefit shareholders. However, The Shareholder...Show More
The Shareholder Commons, Inc. has submitted a proposal urging shareholders to vote in favor of Item 6 at the upcoming McDonald's Corporation Annual Meeting on May 22, 2024. The proposal calls for McDonald's to adopt an enterprise-wide policy to phase out the use of medically-important antibiotics for disease prevention in its beef and pork supply chains. This initiative aligns with WHO guidelines and aims to mitigate the risks posed by antimicrobial resistance (AMR) to public health and the economy. McDonald's, being the largest beef purchaser in the U.S. and a major pork buyer, has significant influence on market practices. The company opposes the proposal, claiming it is unnecessary, duplicative, and would not benefit shareholders. However, The Shareholder Commons refutes these claims, highlighting the systemic threat of AMR, which could cost the global economy $100 trillion by 2050. They argue that McDonald's current policies do not sufficiently address the risks and that the company has failed to meet its own antibiotic use reduction commitments. The Shareholder Commons emphasizes the importance of considering the broader economic impact and the health of diversified investment portfolios, rather than focusing solely on McDonald's financial performance.

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