Shareholder Vote

Elon Musk addressed the long-delayed Tesla Roadster, aiming for an unveiling “hopefully before the end of the year,” after OpenAI CEO Sam Altman publicly expressed frustration with his long-standing reservation. Altman’s experience highlights growing impatience surrounding the car. Observers suggest Altman’s complaint prompted Musk’s comments. The Roadster, planned as a high-performance EV, aims to reclaim performance benchmarks amid competition. This news coincides with a crucial shareholder vote on Musk’s substantial pay package, marking a pivotal moment for Tesla.

Tesla’s Board Chair urges shareholders to approve Elon Musk’s $1T compensation package, citing his vital role in the company’s future, particularly AI and robotics. The board argues that rejecting the package could devalue Tesla. ISS recommends against it, and the “Take Back Tesla” campaign raises ESG concerns. The vote includes board re-elections. The decision hinges on Musk’s continued vision and influence versus concerns over excessive compensation and potential brand damage. Increased voting power for Musk is also under consideration.

Ahead of Tesla’s quarterly earnings, a coalition of labor unions and governance watchdogs launched “Take Back Tesla,” opposing Elon Musk’s proposed $1 trillion stock-based pay package. They argue it’s excessive, given Musk’s divided attention and political activities potentially harming the brand. Aiming to influence shareholder votes and pressure public pension funds, the campaign highlights concerns over Musk’s prioritization of Tesla amid other ventures. Proxy firms ISS and Glass Lewis also advise against the plan. The debate includes scrutiny of Musk’s control, commitment, and Tesla’s performance.

ISS recommends Tesla shareholders vote against Elon Musk’s proposed compensation package, a “mega performance equity award” valued near $1 trillion but raising concerns about its magnitude and alignment with long-term shareholder interests. Tesla’s board defends the package as crucial for retaining Musk and incentivizing growth. The firm also suggests voting against investing in xAI and reinstating a board member due to governance concerns. Musk, owning a substantial stake, could still secure approval despite the recommendations. The vote is pivotal for Tesla’s future leadership and governance.

THEMAC Resources (MACQF) urges shareholders to vote on the proposed acquisition by Tulla Resources Group at $0.08 per share by the October 3, 2025 deadline. The Board and proxy advisor ISS recommend voting in favor of the statutory arrangement. Due to a Canada Post strike, online or telephone voting is strongly encouraged. The special meeting is scheduled for October 7, 2025, focusing on the arrangement under the Yukon Business Corporations Act.

Global Helium Corp. (HECO) is set to hold a shareholder vote on October 16, 2025, regarding a proposed acquisition by 2679158 Alberta Ltd. The arrangement requires a 66⅔% supermajority approval and a simple majority from minority shareholders. Holders of 52.5% of shares have pledged support. The board, excluding a conflicted director, recommends approval. The transaction, expected to close around October 24, 2025, is subject to standard closing conditions, including court and regulatory approvals. A special committee conducted a review of the proposed transaction.