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US ACTIVIST TARGETS AS OF APRIL 30 320 307 304 280 271 241 203 175 2013 2014 2015 2016 2017 2018 2019 2020 NUMBER OF U.S.-BASED COMPANIES PUBLICLY SUBJECTED TO ACTIVIST DEMANDS AS OF APRIL 30 OF EACH YEAR. SOURCE: ACTIVIST INSIGHT ONLINE
ROLLING 1-YEAR TOTAL OF ACTIVIST CAMPAIGNS 1500 60% 1250 50% 1000 40% 750 30% 500 20% 250 10% 0 0% 01 January 2014 01 January 2016 01 January 2018 01 January 2020 -250 -10% -500 -20% 1-YEAR ROLLING TOTAL OF ACTIVIST CAMPAIGNS 365 DAY CHANGE IN S&P500 INDEX ROLLING 365-DAY TOTAL OF COMPANIES WORLDWIDE PUBLICLY SUBJECTED TO ACTIVIST DEMANDS VERSUS 365-DAY S&P 500 INDEX CHANGE. SOURCE: ACTIVIST INSIGHT ONLINE
US CONTESTED VOTES FOR BOARD SEATS AS OF APRIL 30 7 6 6 6 4 2 1 2014 2015 2016 2017 2018 2019 2020 NUMBER OF BOARD REPRESENTATION DEMANDS THAT WENT TO A VOTE AT U.S.-BASED COMPANIES AS OF APRIL 30 OF EACH YEAR. SOURCE: ACTIVIST INSIGHT ONLINE
US M&A AND BREAKUP ACTIVISM TARGETS AS OF APRIL 30 50 42 36 34 28 27 26 25 2013 2014 2015 2016 2017 2018 2019 2020 NUMBER OF U.S.-BASED COMPANIES PUBLICLY SUBJECTED TO M&A- AND BREAKUP-RELATED ACTIVIST DEMANDS AS OF APRIL 30 OF EACH YEAR. SOURCE: ACTIVIST INSIGHT ONLINE
ROLLING 1-YEAR TOTAL OF DEFC14A FILINGS 200 100% 160 80% 120 60% 80 40% 40 20% 0 0% 01 January 2006 01 January 2010 01 January 2014 01 January 2018 -40 -20% -80 -40% -120 -60% 1-YEAR ROLLING TOTAL OF DEFC14A FILINGS 365 DAY CHANGE IN S&P500 INDEX ROLLING 365-DAY TOTAL OF DEFC14A FILINGS VERSUS 365-DAY S&P 500 INDEX CHANGE. SOURCE: ACTIVIST INSIGHT ONLINE
NUMBER OF RUSSELL 3000 COMPANIES ADOPTING POISON PILLS 49 20 18 17 15 14 13 11 2013 2014 2015 2016 2017 2018 2019 2020 YTD NUMBER OF RUSSELL 3000 COMPANIES ADOPTING A POISON PILL BY YEAR. 2020 DATA AS OF MAY 20. SOURCE: ACTIVIST INSIGHT GOVERNANCE
AVERAGE DURATION OF POISON PILLS ADOPTED IN 2020 BY SECTOR 731 608 Average for all pills: 470 days 562 427 422 395 365 364 Basic Healthcare Energy Consumer Industrials Technology Consumer Real Estate Materials Cyclical Defensive AVERAGE DURATION OF POISON PILLS ADOPTED BY RUSSELL 3000 COMPANIES IN 2020 (AS OF MAY 20) BY SECTOR. SOURCE: ACTIVIST INSIGHT GOVERNANCE
AVERAGE OWNERSHIP THRESHOLD OF POISON PILLS ADOPTED IN 2020 BY SECTOR 20.67% Average for all pills: 10.74% 13.98% 13.00% 10.00% 10.00% 9.61% 8.14% 4.93% Healthcare Technology Industrials Consumer Basic Consumer Energy Real Estate Defensive Materials Cyclical AVERAGE OWNERSHIP THRESHOLD OF POISON PILLS ADOPTED BY RUSSELL 3000 COMPANIES IN 2020 (AS OF MAY 20) BY SECTOR. SOURCE: ACTIVIST INSIGHT GOVERNANCE
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