TCIM Launches “No Confidence” Campaign at Voya and Calls on the Company to Finally Begin Acting in the Best Interests of Its Shareholders
Activist investor TCIM, which holds a 4.5% economic interest, launched a 'No Confidence' campaign against Voya’s board and filed preliminary proxy materials to force a vote on strategic alternatives. The firm alleges Voya has underperformed peers by 37 percentage points since July 2022 and is actively rebuffing takeover interest, noting the stock trades below 8x forward earnings.
Key figures
- Ceo compensation 2025
- $16.2 million
- Cfo compensation 2025
- $7.5 million
- Activist stake percent
- 4.5%
- Shares beneficial master fund
- 1645334
- Shares economic exposure total
- 4055700
- Valuation multiple forward earnings
- <8x
- Performance gap vs peers percentage points
- 37
AI analysis
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