Company Events & EarningsCore researchInvalidNew

Proxy Contest Drift

Updated dailyData needs: mediumlong only

1998

Mulherin, J. H., Poulsen, A. B. (1998). "Proxy Contests and Corporate Change." Journal of Financial Economics, 47(3), 279-313.

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In plain terms

Proxy fight → +6-8% over a year.

How it works

Proxy contests (DFAN14A) earn ~6-8% CAR over [-20, +250].

No live results for this strategy yet. Charts appear once it has earned a top spot on at least one stock, either on its own or as part of a blend of several strategies.

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Data dependencies

SEC proxy contests
A data feed this strategy reads, refreshed on its normal schedule.
Daily prices
Adjusted-close OHLCV for every US-listed ticker; primary price feed.

Expected edge

Reported return: ~+6-8%
Tested over: T+90d to T+720d

Mulherin-Poulsen 1998: ~6-8% over 250d.

Example tickers where this is likely to fire

DIS SVB BHC EXC PCG

Illustrative only, the signal fires based on the live data, not a fixed list.

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When a company files an 8-K under Item 5.02 (executive departures, but also appointments and pay changes), this strategy bets the stock underperforms over the next 20-90 days. Most 5.02 filings are routine, so the edge is a per-ticker hypothesis tested by our validation gates, not an established research result.

Explore Proxy Contest Drift on alphactor.ai

See which tickers this family is currently firing on, with live signals and rankings.

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