Casey's General Stores faces a shareholder proposal from The Accountability Board, Inc. The measure would allow investors holding at least a 15% stake to call special meetings.
Shareholders will vote on the proposal at the upcoming annual meeting. Management recommends that shareholders vote against the measure.
The proposal could increase shareholder activism and influence over the board and strategic decisions. The vote outcome could impact how quickly shareholders address concerns outside annual meetings. Casey's stock has delivered strong performance over the past year.