Kenvue Inc. has faced shareholder activism ahead of its special meeting scheduled for January 29, 2026. A lawsuit was filed by a purported stockholder, Michael Steinbrecher, in the United States District Court for the Eastern District of Wisconsin, alleging that the preliminary joint proxy statement/prospectus omitted certain material information related to proposed merger transactions. The complaint asserts violations of Section 14(a) of the Securities Exchange Act. In addition, Kenvue has received demand letters from other purported stockholders raising similar concerns about alleged material omissions or misstatements in the proxy materials and demanding corrective disclosures before the shareholder meeting. The Kenvue board of directors continues to recommend that stockholders vote in favor of the merger proposals. The company has indicated it may not announce every additional similar complaint or demand letter unless required by law.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kenvue Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-001522), on January 16, 2026, and is solely responsible for the information contained therein.
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