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.

HEALTHY CHOICE WELLNESS CORP.

NYSEAMERICAN:HCWC
Divergences
0
HEALTHY CHOICE WELLNESS CORP. — 2026-08-27 meeting. SPI recommends AGAINST on: To approve, including for purposes of complying with NYSE American Rule 713, the issuance of shares of HCWC Common Stock pursuant to the Merger Agreement (including shares issuable upon exercise of any Pre-Funded Warrant…
7
Items
08/06/2026
Published
approve
Status

TCW STRATEGIC INCOME FUND, INC.

NYSE:TSI
Divergences
0
TCW STRATEGIC INCOME FUND, INC. — 2026-09-15 meeting. SPI recommends FOR on: Election of nine directors of the Company.
3
Items
08/06/2026
Published
approve
Status

HEALTHY CHOICE WELLNESS CORP.

NYSEAMERICAN:HCWC
Divergences
0
HEALTHY CHOICE WELLNESS CORP. — 2026-08-27 meeting. SPI recommends AGAINST on: To approve, including for purposes of complying with NYSE American Rule 713, the issuance of shares of HCWC Common Stock pursuant to the Merger Agreement (including shares issuable upon exercise of any Pre-Funded Warrant…
7
Items
08/06/2026
Published
approve
Status

Smith & Wesson Brands, Inc.

NASDAQ:SWBI
Divergences
0
Smith & Wesson Brands, Inc. — 2026-09-15 meeting. SPI recommends FOR on: Election of directors.
3
Items
08/06/2026
Published
approve
Status

Neuberger Energy Infrastructure and Income Fund Inc.; Neuberger High Yield Strategies Fund Inc.; Neuberger Real Estate Securities Income Fund Inc.

NYSE:NML
Divergences
0
Neuberger Energy Infrastructure and Income Fund Inc.; Neuberger High Yield Strategies Fund Inc.; Neuberger Real Estate Securities Income Fund Inc. — 2026-09-16 meeting. SPI recommends FOR on: To elect three Class III Directors.
2
Items
08/06/2026
Published
approve
Status

First Trust High Yield Opportunities 2027 Term Fund

NYSE:FTHY
Divergences
0
First Trust High Yield Opportunities 2027 Term Fund — 2026-09-15 meeting. SPI recommends FOR on: To elect two Trustees (the Class I Trustees)..
1
Items
08/06/2026
Published
approve
Status

MIRA Pharmaceuticals, Inc.

NASDAQ:MIRA
Divergences
0
MIRA Pharmaceuticals, Inc. — 2026-09-11 meeting. SPI recommends FOR on: Election of Directors.
3
Items
07/28/2026
Published
approve
Status

Replimune Group, Inc.

NASDAQ:REPL
Divergences
0
Replimune Group, Inc. — 2026-09-15 meeting. SPI recommends FOR on: Ratification of selection of independent registered public accounting firm.
3
Items
07/28/2026
Published
approve
Status

Polaryx Therapeutics, Inc.

NASDAQ:PLYX
Divergences
0
Polaryx Therapeutics, Inc. — 2026-09-10 meeting. SPI recommends FOR on: Election of two Class I directors.
2
Items
07/29/2026
Published
approve
Status

Network-1 Technologies, Inc.

NYSEAMERICAN:NTIP
Divergences
0
Network-1 Technologies, Inc. — 2026-09-16 meeting. SPI recommends FOR on: Election of Directors.
3
Items
08/03/2026
Published
approve
Status

NetApp, Inc.

NASDAQ:NTAP
Divergences
0
NetApp, Inc. — 2026-09-09 meeting. SPI recommends FOR on: Election of T. Michael Nevens.
14
Items
07/28/2026
Published
approve
Status

INFLECTION POINT ACQUISITION CORP. V

NASDAQ:IPEX
Divergences
0
INFLECTION POINT ACQUISITION CORP. V — 2026-08-12 meeting. SPI recommends FOR on: Extension Amendment Proposal.
2
Items
07/20/2026
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.




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    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.

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