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SeaWorld Moves To Block Shareholder Vote On PETA Sanctuary


February 4, 2014 | WMFE, Orlando - SeaWorld is moving to block PETA and other shareholders from voting at their first-annual convention.

The animal rights group owns the minimum amount of shares needed to make a proposal and bought those shares the day SeaWorld went public.

But SeaWorld plans to use a SEC clause stating shareholders with less than a year of ownership are unable to make proposals at the meeting. 

“SeaWorld shareholders should have an opportunity now to improve the company’s reputation and preserve its future and SeaWorld is invoking a procedural rule to deprive shareholders of this opportunity,” said PETA lawyer Jared Goodman.

PETA’s proposal will call for coastal sanctuaries where captive animals can be rehabilitated and be seen in their natural habitat by the public.

When contacted by WMFE, SeaWorld said they do not comment on proposals outside of their annual meeting in accordance with SEC by-laws.

 

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