TD Synnex Corp: Special Shareholder Meeting (2025)

Vote for the Special Meeting Proposal 8 and Against the Vague, Advisory Only, Special Meeting Proposal 7

Proposal 7 seems to be a bait and switch proposal that SNX put in its annual meeting proxy after Proposal 8 was submitted.
Proposal 7 is vague on whether SNX can take shareholder approval of Proposal 7 as a purported shareholder validation of an additional restriction on the shareholder right to call for a special shareholder meeting that are not contained in Proposal 7.

SNX could have been upfront and disclosed whether it has the power to take shareholder approval of proposal 7 as an deceptive opportunity to add the addition restriction that all SNX shares held for less than one year are prohibited from formally participating in calling for a special shareholder meeting.

If all SNX shares held for less than one year are excluded, a group of shareholders who own 25% of long term SNX shares, could determine that they own 40% of SNX shares when all their shares are counted. Thus the 25% figure in the vague proposal 7 can turn into a 40% figure which puts the right to call a special meeting out of reach. There is no point to gum up the SNX bylaws with a useless right.

Vote for Proposal 8 which does not exclude a substantial percent of SNX shares from the right to call for a special shareholder meeting.