Activists: Orca home won't go to shareholders

By Associated Press
Published On: Feb 04 2014 10:49:12 AM EST
ORLANDO, Fla. -

Animal rights activists say SeaWorld is thwarting their efforts to put to shareholders a resolution to create a coastal sanctuary for retired orcas.

PETA said on Monday that SeaWorld is invoking a Securities and Exchange Commission rule to prevent its shareholders from learning about the proposal.

PETA owns a small number of SeaWorld shares.

Under PETA's proposal, SeaWorld would develop coastal sanctuaries where the company's orcas could retire.

PETA says SeaWorld is trying to exclude the PETA proposal by sending out proxy materials on April 17, just two days shy of the one-year anniversary of when SeaWorld went public.

A company is allowed to exclude a shareholder-initiated proposal if the shareholder has held stock for less than a year.

In a statement, SeaWorld says it doesn't comment on shareholder proposals.

Comments

The views expressed below are not those of News4Jax or its affiliated companies. By clicking on "Post," you acknowledge that you have read the Terms of Service and your comment is in compliance with such terms. Readers, please help keep this discussion respectful and on topic by flagging comments that are offensive or inappropriate (hover over the commenter's name and you'll see the flag option appear on right side of that line). And remember, respect goes both ways: Tolerance of others' opinions is important in a free discourse. If you're easily offended by strong opinions, you might skip reading comments entirely.

blog comments powered by Disqus