SeaWorld and PETA: A Shareholder’s Proposal

Orlando, FL –

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The first annual SeaWorld stockholder meeting is less than two months away, meaning new policies, business, and plans will be voted on by the park and its stockholders- one of which is PETA. According to the Orlando Sentinel, People for the Ethical Treatment of Animals holds 80 of the company’s shares and has proposed a vote to use coastal sanctuaries as retirement homes for killer whales.

SeaWorld plans to ignore the request with the excuse that PETA has not been a shareholder for more than a year. SeaWorld has even asked the U.S. Securities and Exchange Commission (SEC) to  assure the agency will not take legal action if the marine-park company decides to exclude PETA’s request in the “proxy document” that will be mailed out to all of the company’s  shareholders two days before the meeting.

“Because the proponent [PETA] had not — and could not have — held shares in the company for at least one year prior to the date on which it submitted the proposal, it is ineligible to submit a stockholder proposal at this time,” the company wrote in a recent letter to the U.S. Securities and Exchange Commission.

But PETA has also asked the SEC to deny SeaWorld’s request, claiming that they have held a stock for as long as possible and they do not intend to get rid of their stocks before the annual stockholder meeting on April 17th. They have also accused SeaWorld of hiding behind federal rules. SeaWorld defended their statement by stating in a written statement “We owe it to our shareholders to conduct our annual proxy process in accordance with the Securities and Exchange Commission rules and regulations.”

“SeaWorld shareholders should have an opportunity to improve the company’s reputation and preserve its future by making the progressive decision to transfer these intelligent mammals to sea sanctuaries where they finally have the opportunity to be whales again,” said Jared Goodman, PETA’s director of animal law.


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