Signal Proxy Intelligence

Independent proxy intelligence before the vote.

When the public record raises a question, Signal follows it. Every ballot item. Every recommendation. No issuer revenue. Fully accountable.

48-hour publication clock

Item-by-item positions

Divergence mapped vs incumbents

The 48-hour clock

From EDGAR acceptance to a position on the record.

Every definitive proxy statement runs the same path. The clock starts when EDGAR accepts the filing and stops when each covered item carries a published position.

01 / FILING

DEF 14A accepted

EDGAR acceptance starts the clock. The filing enters the queue automatically.

02 / DECOMPOSE

Ballot broken out

Each proposal becomes an atomic item: directors, pay, plans, auditor, shareholder proposals.

03 / ANALYZE

Item reasoned

Each item is assessed against the public record and Signal’s published standards.

04 / PUBLISH

Position on record

FOR, AGAINST or WITHHOLD publishes with reasoning, sources and a fixed timestamp.

05 / RECONCILE

Outcome closed

When the company reports the vote on Form 8-K, the call is reconciled in the Ledger.

Open ballot

The product is the ballot, read line by line.

Each covered item carries one position and the peer view alongside it, so the divergence is visible at a glance rather than buried in a report.

Sample Issuer, Inc. · Annual Meeting
Illustrative DEF 14A
1.01
Election of lead independent director
Board structure · Routine
For
Peer view FOR
1.04
Election of compensation committee chair
Pay responsiveness · Elevated
Withhold
Peer view FOR
2
Advisory vote on executive compensation
Pay-for-performance · Contested
Against
Peer view FOR
3
Ratification of independent auditor
Audit · Routine
For
Peer view FOR
4
Shareholder proposal: special meeting right
Shareholder rights · Elevated
For
Peer view AGAINST
Sample entries demonstrate the product format and do not constitute voting advice or reference an actual issuer.

Latest recommendations

Recent reports, published before the meeting.

Each report covers one issuer’s ballot in full. The divergence count is how many items Signal called differently from the incumbent advisory consensus.

AAR CORP.

NYSE:AIR
Divergences
0
AAR CORP. — 2026-09-23 meeting. SPI recommends FOR on: Election of three director nominees named in this proxy statement.
4
Items
08/04/2026
Published
approve
Status

AMREP CORPORATION

NYSE:AXR
Divergences
0
AMREP CORPORATION — 2026-09-10 meeting. SPI recommends FOR on: Election of two directors in Class III to hold office until the 2029 annual meeting of shareholders and until their successors are elected and qualified.
4
Items
08/04/2026
Published
approve
Status

Decoy Therapeutics Inc.

NASDAQ:DCOY
Divergences
0
Decoy Therapeutics Inc. — 2026-09-14 meeting. SPI recommends FOR on: The Warrant Exercise Proposal.
3
Items
08/04/2026
Published
approve
Status

Columbus Circle Capital Corp II

NASDAQ:CMII
Divergences
0
Columbus Circle Capital Corp II — 2026-08-26 meeting. SPI recommends FOR on: Name Change Proposal.
2
Items
08/04/2026
Published
approve
Status

RENN Fund, Inc.

NYSE:RCG
Divergences
0
RENN Fund, Inc. — 2026-09-17 meeting. SPI recommends FOR on: Election of Douglas J. Cohen as a Director of the Fund.
6
Items
08/04/2026
Published
approve
Status

NOBLE ROMAN’S, INC.

OTC:NROM
Divergences
0
NOBLE ROMAN’S, INC. — 2026-09-15 meeting. SPI recommends FOR on: To elect one Class III director, to serve until the 2029 annual meeting of shareholders or until his successor is elected and qualified.
3
Items
08/04/2026
Published
approve
Status

CARDIO DIAGNOSTICS HOLDINGS, INC.

NASDAQ:CDIO
Divergences
0
CARDIO DIAGNOSTICS HOLDINGS, INC. — 2026-09-18 meeting. SPI recommends FOR on: Election of seven directors to serve until the 2027 annual meeting of stockholders.
3
Items
08/07/2026
Published
approve
Status

Future Vision II Acquisition Corp.

NASDAQ:FVN
Divergences
0
Future Vision II Acquisition Corp. — 2026-08-21 meeting. SPI recommends AGAINST on: Adoption of Amended and Restated MAOA Proposal.
3
Items
08/07/2026
Published
approve
Status

Future Vision II Acquisition Corp.

NASDAQ:FVN
Divergences
0
Future Vision II Acquisition Corp. — 2026-08-21 meeting. SPI recommends AGAINST on: Adoption of Amended and Restated MAOA Proposal.
3
Items
08/07/2026
Published
approve
Status

Trinseo PLC

OTC:TSEOQ
Divergences
0
Trinseo PLC — 2026-09-23 meeting. SPI recommends FOR on: Election of K’Lynne Johnson as director.
13
Items
08/07/2026
Published
approve
Status

CNL STRATEGIC CAPITAL, LLC

:
Divergences
0
CNL STRATEGIC CAPITAL, LLC — 2026-10-28 meeting. SPI recommends FOR on: To re-elect James M. Seneff, Jr. for a three-year term expiring at the 2029 annual meeting of Shareholders and until his successor is duly elected and qualified..
3
Items
08/06/2026
Published
approve
Status

GLIDELOGIC CORP.

OTC:GDLG
Divergences
0
GLIDELOGIC CORP. — 2026-10-26 meeting. SPI recommends FOR on: Election of Directors.
2
Items
08/06/2026
Published
approve
Status

Coverage

What SPI reads on every ballot.

SPI takes a position on each routinely contested category of proposal. Routine items are confirmed, not skipped, so the record is complete.

DIRECTORS

Board elections

Independence, tenure, attendance, committee load, overboarding and refreshment signals.

PAY

Say-on-pay

Pay-for-performance alignment, responsiveness to prior votes, and structure of incentive design.

PLANS

Equity & incentive plans

Dilution, share-request sizing, plan features and repricing provisions.

AUDIT

Auditor ratification

Tenure, fees, non-audit services and independence considerations.

RIGHTS

Shareholder proposals

Special-meeting rights, written consent, proxy access and governance bylaws.

STRUCTURE

Governance & control

Charter and bylaw amendments, classified boards, dual-class structures and control provisions.

Divergence vs incumbents

Where Signal departs from the duopoly.

The incumbent advisers are oriented toward institutional voting rails. Signal reads from the common shareholder’s seat, which is where the positions diverge. Sample items shown for contrast.

Ballot item
Signal
ISS
Glass Lewis
Advisory vote on executive compensation
Pay-for-performance · Contested
SignalAgainst
ISSFor
Glass LewisFor
Compensation committee chair
Pay responsiveness · Elevated
SignalWithhold
ISSFor
Glass LewisWithhold
Shareholder proposal: special meeting right
Shareholder rights · Elevated
SignalFor
ISSAgainst
Glass LewisAgainst
Equity incentive plan amendment
Dilution · Elevated
SignalAgainst
ISSFor
Glass LewisAgainst

The Signal Ledger

Anyone can explain the result after the meeting. Signal publishes before it.

Every SPI recommendation is fingerprinted at publication. Corrections remain visible. Misses remain visible. Each call is reconciled against the company’s reported vote under published rules.

48h

Publication window

The clock starts when EDGAR accepts the filing.

100%

Timestamped

Every covered position enters the permanent record.

SHA

Fingerprint

Each publication receives a tamper-evident identifier.

8-K

Reconciliation

Reported vote outcomes close the loop.

Named analysis

Positions carry a byline and a standard.

Every report is published under a named analyst against a versioned methodology. Readers can see who reached the view, on what record, and what would change it.

Connect

Work with Signal, or follow the record.

Subscribe to the Wire, request a briefing, or reach the team directly.

    The SPI Wire · Proxy Intelligence

    Get every ballot call, before the vote.

    FOR, AGAINST or WITHHOLD on each covered ballot item — published within 48 hours of the definitive proxy filing. Follow the companies you own, or take the full feed.




    Pick the companies you own — you’ll only hear from us on their ballots.

    The SPI Wire covers proxy ballots only — it has nothing to do with Signal Research investigations. Research and analysis for informational purposes; not legal, investment, or voting advice. Unsubscribe anytime.

    Search company, ticker, executive, director or issue

    Submit Information








      Join Monitoring List




        Receive Research Updates