Subject: File No. 4-725
From: Kyle Wright

Dec. 04, 2018


I write as the CEO of a large family office and long term investor of public companies. 

I have learned that there may be changes to the shareholder proposal process. Where is the interest in changing a process that has worked to increase shareholder value for decades coming from? 

The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. 

Very simply, taking away investor rights is against that mission and will be detrimental to owners, markets, companies, and I would even guess the legacies of the few sour managers that are petitioning you. 

Proposed action on this issue would create risk in the market, as shareholders play an important role in recognizing trends and opportunities in the companies they own. 

Best Regards, 
Kyle Wright 


(713) 526-6530 | 
pronouns: he/him/his 

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