Announcement: Wespath Urges Votes Against ExxonMobil Directors Linked to Shareholder Rights Concerns
Contact: Julie Capozzi
Managing Director, Communications
(847) 866-4111
[email protected]
Glenview, IL—Wespath Benefits and Investments (Wespath) has filed a proxy exempt solicitation with the U.S. Securities and Exchange Commission (SEC) urging investors to vote against two director nominees at ExxonMobil's upcoming annual meeting of shareholders on May 29, 2024. Mercy Investment Services (Mercy) co-filed the solicitation with Wespath.
The solicitation encourages shareholders to vote against incumbent nominees Darren W. Woods (Executive Chair and CEO) and Joseph L. Hooley (Lead Independent Director and Nominating and Governance Committee Chair) due to their oversight of the company's hostile treatment of shareholders, including recent legal action taken by the company against its own investors. Exxon's recent hostility toward shareholders comes amid continued shareholder concerns regarding the company's management of climate-related risks.
The full exempt solicitation is available here.
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