TCIM Provides Update on Voya’s Effort to Prevent the Voices of Shareholders from Being Heard

TOMS Capital Investment Management, holding an approximately 4.65% economic interest in Voya Financial, announced it has obtained evidence through a Delaware Section 220 books-and-records demand that Voya lobbied the SEC to block TCIM's no-confidence referendum on the board and management. TCIM says Voya failed in that effort and is now refusing to produce its SEC correspondence and relevant board minutes, prompting TCIM to file a FOIA request to obtain the records. TCIM calls Voya's use of corporate resources to resist the campaign potential corporate waste inconsistent with fiduciary duties.

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