July 16, 2026
Mr. Casten introduced the following bill; which was referred to the Committee on Financial Services
To amend the Securities Exchange Act of 1934 to require issuers with a multi-class share structure to disclose certain shareholder voting results.
Section 1. Short title
This Act may be cited as the Multi-Class Stock Company Voting Transparency Act.
Sec. 2. Shareholder voting results disclosure requirement for issuers with multi-class share structures
Section 14 of the Securities Exchange Act of 1934 (15 U.S.C. 78n) is amended by adding at the end the following:
(l) Shareholder voting results disclosure requirement for issuers with multi-Class share structures
The Commission shall, by rule, require that an issuer with 2 or more classes of voting securities, with respect to each meeting during which the shareholders of the issuer vote as one class, disclose to such shareholders the following with respect to such vote:
(1)
The total number of votes cast for, against, or withheld, disaggregated by class of voting security held.
(2)
The total number of abstentions and broker non-votes, disaggregated by class of voting security held.