U.S. Securities and Exchange Commission
Washington, DC 20549
Amended Notice of Exempt Solicitation
Submitted Pursuant to Rule 14a-6(g)
1. Name of the Registrant: Amazon.com, Inc.
2. Name of person relying on exemption: The Comptroller of the City of New York,
on behalf of the New York City Employees’ Retirement System,
Teachers’ Retirement System of The City of New York, New York City
Police Pension Fund, and the New York City Fire Pension
Fund
3. Address of person relying on exemption: 1 Centre Street,
8th Floor, New York, New York 10007
4. Written materials required to be submitted pursuant to Rule
14a-6(g)(1):
|
· |
Attachment 1: Text of
May 11, 2022 Comptroller Press Release (available at
https://comptroller.nyc.gov/newsroom/independent-proxy-advisor-glass-lewis-joins-new-york-city-and-state-pension-funds-in-urging-shareholders-to-vote-no-on-the-re-election-of-amazon-board-director-judith-mcgrath/) |
|
· |
Attachment 2: Text of
posts from the New York City Comptroller Twitter
Account |
Attachment 1: Text of May 11, 2022 Comptroller Press Release
Independent Proxy Advisor Glass Lewis Joins New York City and
State Pension Funds in Urging Shareholders to VOTE NO on the
Re-election of Amazon Board Director Judith McGrath
Growing campaign highlights investor dissatisfaction with the
Amazon board’s failures of oversight of human capital management
amidst high injury rates, employee turnover, and workers’ rights
violations
New York, NY – New York City
Comptroller Brad Lander today welcomed the recent report by Glass
Lewis, one of the leading independent proxy advisory firms,
recommending that Amazon (NYSE:AMZN) shareholders vote against the
re-election of Board Director Judith McGrath, who chairs the
Leadership Development and Compensation Committee, at the company’s
May 25, 2022 annual meeting.
Last month, a group of institutional investors led by Comptroller
Lander, on behalf of the five New York City Retirement Systems, New
York State Comptroller Thomas P. DiNapoli and the Office of
Illinois State Treasurer Michael Frerichs, launched a “vote no” campaign calling on
Amazon shareholders to oppose the re-election of Directors Judith
McGrath and Daniel Huttenlocher for failing to provide independent
oversight of workforce issues at the company. Both directors are
long-standing members of Amazon’s Leadership Development and
Compensation Committee.
"Glass Lewis’ recommendation to shareholders to express
dissatisfaction with the Company’s response to human capital
management issues by voting against a key director responsible for
oversight shows broad and growing support for our proposal,” said
Comptroller Lander. “As one of the nation’s largest
employers, Amazon’s treatment of its employees has profound
implications across millions of households, our portfolios, and our
economy. Amazon shareholders need qualified and accountable
directors who respond to investor concerns rather than rubberstamp
management’s inadequate health and safety practices, and repeated
interference with workers’ rights to form a union, contrary to its
own policy and U.S. labor laws.”
“We are witnessing a pattern of oversight and management failures
at Amazon, including high rates of injury, rapid employee turnover
and anti-union activity,” said Illinois Treasurer Michael
Frerichs. “I am also deeply concerned about the tragic loss of
life that occurred at the Amazon facility in Edwardsville,
Illinois, where six people died after a tornado struck, which is
the subject of investigations into inadequate safety protocols. Now
is the time for more responsive and engaged leadership on Amazon’s
board.”
In an
April 21 letter filed with the
U.S. Securities and Exchange Commission (SEC), the group of
investors highlighted that there is a lack of adequate oversight of
the company’s human capital management. It also cited the
directors’ inability to ensure that Amazon protects its workers’
health and safety, upholds its own corporate policies on human
rights and freedom of association, and addresses unsustainable
employee turnover.
In its May 6th report, proxy advisory firm Glass Lewis
noted:
“The Company has faced significant scrutiny and controversy in
recent years related to its human capital management practices,
particularly in regard to workplace conditions and worker safety.
In terms of disclosure on these issues, the Company provides a
report on its safety, health, and well-being efforts, in which it
discusses whether its performance expectations can coexist with
safe operations.
“…However, we believe that the board has not appropriately
addressed potential shareholder concern regarding these increasing
human capital risks and its assessment of such risks, and could do
more to mitigate the Company's potential reputational damage as it
relates to its human capital management practices. Given that the
prevalence of human capital management risks and potential related
reputational risks to the Company may impact shareholder value, we
believe shareholders should oppose the election of director McGrath
as the chair of the leadership development and compensation
committee to signal dissatisfaction with the Company's response to
these issues.”
The April 21 letter is on file with the SEC
here. For more information on
the “vote no” campaign, visit: http://deliveraccountability.com/.
The trustees of the New York City Retirement Systems are as
follows:
New York City Employees’ Retirement System (NYCERS): New
York City Comptroller Brad Lander; Mayor Eric Adams’ Representative
Preston Niblack (Chair); New York City Public Advocate Jumaane
Williams; Borough Presidents: Mark Levine (Manhattan), Donovan
Richards (Queens), Antonio Reynoso (Brooklyn), Vito Fossella
(Staten Island), and Vanessa L. Gibson (Bronx); Henry Garrido,
Executive Director, District Council 37, AFSCME; Tony Utano,
President Transport Workers Union Local 100; and Gregory Floyd,
President, International Brotherhood of Teamsters, Local
237.
Teachers’
Retirement System (TRS): New York City Comptroller Brad Lander;
Mayor Eric Adams’ Appointee Philip Dukes; Chancellor’s
Representative, Lindsey Oates, New York City Department of
Education; and Debra Penny (Chair), Thomas Brown and David
Kazansky, all of the United Federation of
Teachers.
New
York City Police Pension Fund (PPF): New York City Comptroller
Brad Lander; Mayor Eric Adams’ Representative Philip Dukes; New
York City Finance Commissioner Preston Niblack; New York City
Police Commissioner Keechant Sewell (Chair); Chris Monahan,
Captains Endowment Association; Louis Turco, Lieutenants Benevolent
Association; Vincent Vallelong, Sergeants Benevolent Association;
Paul DiGiacomo, Detectives Endowment Association; and Patrick
Lynch, John Puglissi, Joseph Alejandro, and Thomas Gilmore, all of
the NYC Police Benevolent Association.
New
York City Fire Pension Fund (Fire): New York City Comptroller
Brad Lander; Mayor Eric Adams’ Representative Philip Dukes; Acting
New York City Fire Commissioner Laura Kavanagh (Chair); New York
City Finance Commissioner Preston Niblack; Andrew Ansbro,
President, Robert Eustace, Vice President, Edward Brown, Treasurer,
and Eric Bischoff, Staten Island Representative and Chair,
Uniformed Firefighters Association of Greater New York; Liam
Guilfoyle, Captains’ Rep.; Paul Mannix, Chiefs’ Rep., and
Christopher Jensen, Lieutenants’ Rep., Uniformed Fire Officers
Association; and Peter Devita, Marine Engineers
Association.
Board
of Education Retirement System (BERS): Schools Chancellor David
C. Banks, Represented by Lindsey Oates; Mayoral: Tom Allon, Vasthi
Acosta, Gregory Faulkner, Dr. Angela Green, Anthony Lopez, Alan
Ong, Gladys Ward, Karina Tavera; Thomas Sheppard (CEC); Geneal
Chacon (Bronx), Tazin Azad (Brooklyn), Kaliris Salas-Ramirez
(Manhattan), Jaclyn Tacoronte (Staten Island), and Deborah
Dillingham (Queens); and employee members John Maderich of the IUOE
Local 891 and Donald Nesbit of District Council 37, Local
372.
###
Attachment 2: Text of tweets sent from
the New York City Comptroller Twitter Account
(https://twitter.com/NYCComptroller)
Text of retweet of tweet from New York State Comptroller Tom
DiNapoli, posted on May 11, 2022
(https://twitter.com/NYSComptroller/status/1524460133383868416)
We are
encouraged by the growing level of support for holding Amazon's
board accountable. Directors have failed to respond to our concerns
over workers' health and safety, and have shown lax oversight of
the company’s workforce. [embedded tweet from New York City
Comptroller
(https://twitter.com/NYCComptroller/status/1524398815956148225)]
Text of tweet posted on May 11, 2022
(https://twitter.com/NYCComptroller/status/1524398815956148225)
Glass Lewis is recommending to shareholders to express
dissatisfaction with Amazon’s response to workforce issues by
voting against a key board director. There is broad and growing
support among shareholders to #DeliverAccountability [embedded link
to
https://comptroller.nyc.gov/newsroom/independent-proxy-advisor-glass-lewis-joins-new-york-city-and-state-pension-funds-in-urging-shareholders-to-vote-no-on-the-re-election-of-amazon-board-director-judith-mcgrath/]
Text of tweet posted on May 10, 2022
(https://twitter.com/NYCComptroller/status/1524061711661215744)
Amazon’s current corporate pay ratio between the CEO and the median
compensated employee is 6,474 to 1. That tells you where their
workforce priorities lie. Shareholders can and should
#DeliverAccountability
Amazon com (NASDAQ:AMZN)
Gráfica de Acción Histórica
De May 2022 a Jun 2022
Amazon com (NASDAQ:AMZN)
Gráfica de Acción Histórica
De Jun 2021 a Jun 2022