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.

CADRENAL THERAPEUTICS, INC.

NASDAQ:CVKD
Divergences
0
CADRENAL THERAPEUTICS, INC. — 2026-09-24 meeting. SPI recommends FOR on: Election of the Class I director named in the accompanying proxy statement to our Board of Directors, to serve a three-year term expiring at the 2029 Annual Meeting of Stockholders and until such director's successor is duly e…
5
Items
08/03/2026
Published
approve
Status

TEVOGEN INC.

NASDAQ:TVGN
Divergences
0
TEVOGEN INC. — 2026-08-24 meeting. SPI recommends FOR on: Elect as Class II directors the two nominees named in the Proxy Statement to serve for a term of three years each, or until their respective successors are duly elected and qualified..
4
Items
08/03/2026
Published
approve
Status

Lincoln Variable Insurance Products Trust

:
Divergences
0
Lincoln Variable Insurance Products Trust — 2026-09-29 meeting. SPI recommends FOR on: To approve changing the Fund's sub-classification from "diversified" to "non-diversified" and approve the elimination of a related fundamental investment restriction..
2
Items
08/03/2026
Published
approve
Status

Ocean Power Technologies, Inc.

NYSEAMERICAN:OPTT
Divergences
0
Ocean Power Technologies, Inc. — 2026-09-10 meeting. SPI recommends FOR on: PROPOSAL TO AUTHORIZE BOARD TO AMEND OUR CERTIFICATE OF INCORPORATION TO EFFECT A REVERSE SHARE SPLIT OF OUR COMMON STOCK.
2
Items
08/03/2026
Published
approve
Status

NETLIST, INC.

OTC:NLST
Divergences
0
NETLIST, INC. — 2026-09-18 meeting. SPI recommends FOR on: Election of Directors.
2
Items
07/31/2026
Published
approve
Status

RF ACQUISITION CORP II

NASDAQ:RFAI
Divergences
0
RF ACQUISITION CORP II — 2026-08-12 meeting. SPI recommends FOR on: The Extension Amendment Proposal.
3
Items
07/31/2026
Published
approve
Status

Indaptus Therapeutics, Inc.

NASDAQ:INDP
Divergences
0
Indaptus Therapeutics, Inc. — 2026-08-10 meeting. SPI recommends FOR on: ELECTION OF DIRECTORS.
3
Items
07/16/2026
Published
approve
Status

Doximity, Inc.

NYSE:DOCS
Divergences
0
Doximity, Inc. — 2026-08-27 meeting. SPI recommends FOR on: Election of Directors.
3
Items
07/15/2026
Published
approve
Status

BNY MELLON HIGH YIELD STRATEGIES FUND

NYSE:DHF
Divergences
0
BNY MELLON HIGH YIELD STRATEGIES FUND — 2026-08-27 meeting. SPI recommends FOR on: To elect three Class III Trustees to serve for three-year terms and until their respective successors are duly elected and qualified..
1
Items
07/15/2026
Published
approve
Status

SEMILEDS CORPORATION

NASDAQ:LEDS
Divergences
0
SEMILEDS CORPORATION — 2026-08-28 meeting. SPI recommends FOR on: Election of directors.
2
Items
07/15/2026
Published
approve
Status

La-Z-Boy Incorporated

NYSE:LZB
Divergences
0
La-Z-Boy Incorporated — 2026-08-25 meeting. SPI recommends FOR on: Election of Directors.
3
Items
07/14/2026
Published
approve
Status

byNordic Acquisition Corporation

OTC:BYNO
Divergences
0
byNordic Acquisition Corporation — 2026-08-06 meeting. SPI recommends AGAINST on: Extension Amendment Proposal.
2
Items
07/13/2026
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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