Federal Register #SR-TXSE-2026-008

SEC Notice of Proposed Rule Change by Texas Stock Exchange LLC to Amend Proxy Voting Rule 13.003

This notice concerns a proposed regulatory change, not a procurement opportunity. - Government buyer: Securities and Exchange Commission (SEC) - OEMs/vendors mentioned: Texas Stock Exchange LLC (TXSE), SEC (regulatory body) - No products or services are being requested or procured - Subject: Proposed amendment to TXSE Rule 13.003 regarding proxy voting for TXSE-listed equity securities - Requires Members to vote uninstructed shares proportionally based on instructions from beneficial owners - Eliminates broker discretionary voting in favor of formula-driven allocation - Applies only to securities primarily listed on TXSE - Excludes certain fiduciary capacities and ERISA plan investment managers - This is a regulatory notice, not a solicitation for goods or services

Description

The Securities and Exchange Commission has filed a notice regarding a proposed rule change by the Texas Stock Exchange LLC. The proposed change involves amendments to Rule 13.003 related to proxy voting. The proposed rule would establish a mandatory process for the proportional allocation and voting of uninstructed shares held by Members of the Exchange on behalf of beneficial owners of TXSE-listed equity securities. The rule aims to replace broker discretionary voting with a formula-driven allocation tied to instructions actually submitted, ensuring voting outcomes are determined by the voting instructions of participating beneficial owners.

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