SECURITIES & EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
NOTICE OF EXEMPT SOLICITATION (VOLUNTARY SUBMISSION)
NAME OF REGISTRANT: Activision Blizzard, Inc.
NAME OF PERSON RELYING ON EXEMPTION: CtW Investment Group
ADDRESS OF PERSON RELYING ON EXEMPTION: 1900 L Street, N.W., Suite 900, Washington, D.C. 20036
Written materials are submitted pursuant to Rule 14a-6(g)(1) promulgated under the Securities Exchange Act of 1934:
June 16, 2021
Dear Activision Blizzard shareholders:
At the Activision Blizzard Inc.’s (NASDAQ: ATVI) Annual Meeting on June 21, 2021, please vote AGAINST the “Say-On-Pay” proposal. On Monday, the board of directors of Activision Blizzard recommended an adjournment of its annual meeting for one week to allow additional time for shareholders to submit proxies with respect to the Say on Pay proposal. This delay is desperate attempt to avoid a loss.
Since the voting is closed on all the other agenda items, including the director elections, shareholders who disagree with this almost unprecedented maneuver should vote against the MSOP. With 86% of shares already voted as of the end Monday’s meeting, we doubt that a significant number of shareholders wanted more time to consider the company’s executive pay practices.
The arguments for a vote against the Say-on-Pay proposal are clear:
In sum, the short contract extension does not represent a strong enough effort on the part of the compensation committee to truly reign in Mr. Kotick’s continued outsized equity pay. As such, we urge you to vote AGAINST the Say on Pay proposal on June 21, 2021.
Please contact my colleague Michael Varner, Director of Executive Compensation Research at email@example.com with any questions.