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  "documentTitle": "Norfolk Southern Corporation (NSC)",
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      "text": "Institutional Shareholder Services endorsed three of Velan's five nominees and the removal of Progenics' CEO. Shareholders voted to elect all five of Velan's nominees and remove the CEO.",
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      "text": "Institutional Shareholder Services endorsed four of Hestia's seven nominees. Shareholders voted to elect the same four of Hestia's nominees.",
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      "text": "The company's TSR has varied when compared with peers, but over all time periods, it has substantially underperformed that of the Nasdaq Biotech Index.",
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      "text": "PBI has not provided shareholders with a convincing, substantive reason to conclude that future performance will depart from the disappointment of the past decade.",
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      "text": "PBI has not provided shareholders with a convincing, substantive reason to conclude that future performance will depart from the disappointment of the past decade. [...] In summary, shareholders have endured a decade of underperformance and disappointment, there are unanswered questions and serious concerns about the path forward, and power on the board is concentrated in the hands of those directors who objectively have the most potential for a conflict of interest by virtue of their past experience and tenure. — Institutional Shareholder Services (Hestia/Pitney Bowes ISS report, Apr. 26, 2023). The company's TSR has varied when compared with peers, but over all time periods, it has substantially underperformed that of the Nasdaq Biotech Index. [...] The most immediate need for Progenics is sufficient board change to a) get a second opinion on the merger, and b) establish the possibility of a compelling alternative path, which the current board and management has failed to articulate. The most effective way to accomplish this may be by removing CEO Baker and adding dissident nominees Ende, Ber, and Mims to the board. — Institutional Shareholder Services (Velan Capital/Progenics ISS report, Nov. 8, 2019).",
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      "text": "Institutional Shareholder Services. Permission to quote was neither sought nor obtained. Hestia/Pitney Bowes ISS report (Apr. 26, 2023). Velan Capital/Progenics ISS report (Nov. 8, 2019).",
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      "text": "Support for Our Slate is Consistent With Past Proxy Advisory Recommendations and Vote Outcomes (Cont.)",
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