Kroger Investor Loses New Bid to Put Plan Before Shareholders

Kroger Co. has secured SEC support to toss a self-described conservative think tank’s anti-discrimination proposal that shareholders rejected in 2023 after the group sued for an annual meeting vote over the grocer’s opposition.

Kroger has “some basis” to bar the National Center for Public Policy Research’s proposal from its annual meeting this year, the Securities and Exchange Commission said in a May 7 letter the agency posted online May 9.

The SEC cited a rule letting companies block shareholder proposals mirroring resolutions that received less than 5% of investor support at previous annual meetings. The proposal—which seeks company reporting on ...