SEC Approves Dell Bitcoin Proposal Dismissal

SEC Allows Dell to Exclude Bitcoin Proposal from Shareholder Materials

• The SEC granted Dell Technologies permission to exclude a shareholder proposal concerning Bitcoin.
• The proposal was submitted by the National Center for Public Policy Research in January.
• Dell argued that cash management decisions should remain under management’s control.
• The SEC agreed, stating the proposal falls under ordinary business operations.
• Michael Dell previously hinted at interest in Bitcoin through social media activity.

The SEC sided with Dell Technologies, allowing it to exclude a shareholder proposal on Bitcoin investment from its proxy materials, citing ordinary business operations as the reason.