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.

INTEGRATED WELLNESS ACQUISITION CORP

:
Divergences
0
INTEGRATED WELLNESS ACQUISITION CORP — 2026-09-15 meeting. SPI recommends FOR on: A proposal to amend by special resolution the Company’s amended and restated memorandum and articles of association, as amended prior to the date hereof, to extend the date by which the Company would be required to co…
3
Items
08/24/2026
Published
approve
Status

Fractyl Health, Inc.

NASDAQ:GUTS
Divergences
0
Fractyl Health, Inc. — 2026-09-24 meeting. SPI recommends FOR on: To approve a series of alternate amendments to the Company's Amended and Restated Certificate of Incorporation to effect, at the option of the Company's Board of Directors, a reverse stock split of the Company's common stock at a rat…
1
Items
08/24/2026
Published
approve
Status

ADIAL PHARMACEUTICALS, INC.

NASDAQ:ADIL
Divergences
0
ADIAL PHARMACEUTICALS, INC. — 2026-09-17 meeting. SPI recommends FOR on: Director Election Proposal.
12
Items
08/24/2026
Published
approve
Status

SOLUNA HOLDINGS, INC.

NASDAQ:SLNH
Divergences
0
SOLUNA HOLDINGS, INC. — 2026-10-16 meeting. SPI recommends FOR on: TO ELECT THREE DIRECTORS AS CLASS III DIRECTORS TO SERVE THREE-YEAR TERMS EXPIRING AT THE ANNUAL MEETING IN 2029 AND UNTIL THEIR SUCCESSORS HAVE BEEN DULY ELECTED AND QUALIFIED.
6
Items
08/24/2026
Published
approve
Status

ACCURAY INCORPORATED

NASDAQ:ARAY
Divergences
0
ACCURAY INCORPORATED — 2026-10-06 meeting. SPI recommends FOR on: Nasdaq Stock Issuance Proposal.
4
Items
08/24/2026
Published
approve
Status

KIDZ AI INC.

NASDAQ:KIDZ
Divergences
0
KIDZ AI INC. — 2026-09-10 meeting. SPI recommends AGAINST on: Authorized Share Proposal.
4
Items
08/24/2026
Published
approve
Status

Twin Disc, Incorporated

NASDAQ:TWIN
Divergences
0
Twin Disc, Incorporated — 2026-10-29 meeting. SPI recommends FOR on: To elect two Directors to serve until the Annual Meeting of Shareholders in 2029..
4
Items
09/14/2026
Published
approve
Status

KENNAMETAL INC.

NYSE:KMT
Divergences
0
KENNAMETAL INC. — 2026-10-27 meeting. SPI recommends FOR on: Election of nine directors.
3
Items
09/14/2026
Published
approve
Status

RUSSELL INVESTMENT COMPANY

:
Divergences
0
RUSSELL INVESTMENT COMPANY — 2026-11-24 meeting. SPI recommends FOR on: To approve a new advisory agreement between each Fund and Russell Investment Management, LLC ("RIM") as a result of a transaction involving the sale of Russell Investments Group, Ltd. ("Russell Investments"), of which RIM is a…
5
Items
09/11/2026
Published
approve
Status

RUSSELL INVESTMENTS EXCHANGE TRADED FUNDS

:
Divergences
0
RUSSELL INVESTMENTS EXCHANGE TRADED FUNDS — 2026-11-24 meeting. SPI recommends FOR on: To approve a new advisory agreement between each Fund and Russell Investment Management, LLC ("RIM") as a result of a transaction involving the sale of Russell Investments Group, Ltd. ("Russell Investments"), of…
3
Items
09/11/2026
Published
approve
Status

RUSSELL INVESTMENT FUNDS

:
Divergences
0
RUSSELL INVESTMENT FUNDS — 2026-11-24 meeting. SPI recommends FOR on: To approve a new advisory agreement between each Fund and Russell Investment Management, LLC ("RIM") as a result of a transaction involving the sale of Russell Investments Group, Ltd. ("Russell Investments"), of which RIM is a wh…
3
Items
09/11/2026
Published
approve
Status

Wolfspeed, Inc.

NYSE:WOLF
Divergences
0
Wolfspeed, Inc. — 2026-10-27 meeting. SPI recommends FOR on: Election of seven directors.
4
Items
09/11/2026
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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