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Posting here as it is news. I wonder if anybody can flesh this out a bit:

From https://www.cnet.com/uk/news/sky-and-leading-uk-companies-named-on-government-pay-list/

Wargames and miniatures manufacturing company Games Workshop also faced a revolt over the re-election of director Chris Myatt, with 25.5 percent of shareholders voting against the decision.

Chris Myatt is the "Senior Lead Independent Director"

https://www.iod.com/news/news/articles/What-is-the-role-of-the-senior-independent-director

C J Myatt (age 73). Chris Myatt is the senior independent director, joining the board on 18 April 1996. He was formerly managing director of a division of Tarmac PLC, chairman and non-executive director of a number of manufacturing companies and treasurer of Keele University.



<--- Some background information if it helps anyone.

For those of us that aren't fully up to date on the internal politics of a toy soldier company, what does this mean/why should we care?

In other news, 74.5% of shareholders voted in favour?

"Insiders report that the revolt was quickly suppressed by members of the Ordo Hereticus.

Order was swiftly restored.

Praise Him on Earth."

 BroodSpawn wrote:
For those of us that aren't fully up to date on the internal politics of a toy soldier company, what does this mean/why should we care?

Well, if we judge the outcome of the Pentrich Rebellion of 1817, regarded as the last revolt in England, we should be worried. This controversial ‘rebellion’ saw the Kings Own Dragoons engage, ride down and scatter the ragtag band of rebellious peasants. The ringleaders of the revolt were executed, and a number of prisoners were exiled to the barren wasteland of Australia, a fate severely worse than death, even in todays time.

I hope cooler heads amongst the Queens retinue prevail, and that the inevitable response to this revolt is even handed and just.

 BroodSpawn wrote:
For those of us that aren't fully up to date on the internal politics of a toy soldier company, what does this mean/why should we care?

I think this is a shot across the bow type of thing. Executive pay in the UK has seen some excessive increases and investors (often large pension companies) are beginning to demand that increases are tied to performance.

Chris Cummings, chief executive of the Investment Association, said the register “reveals the true scale of investor concern” and shows how many shareholders are “flexing their muscles by exercising their votes”.

I think this has less to do with GW as a business and more to do with the current economic and political climate in the UK.

 Mad Doc Grotsnik wrote:
In other news, 74.5% of shareholders voted in favour?

In UK business this is very unusual and would likely represent one or more of the larger institutional shareholders voting against his appointment.

"Insiders report that the revolt was quickly suppressed by members of the Ordo Hereticus.

Order was swiftly restored.

Praise Him on Earth."

Thread winner so far

Shareholder | Number of shares | Percentage

Investec Asset Management Limited | 3,087,765 | 9.6%

Tom Kirby | 2,134,186 | 6.6%

Schroders plc | 1,677,861 | 5.2%

JP Morgan Asset Management (UK) Limited | 1,669,075 | 5.2%

Working Capital Management Pte Limited | 1,630,689 | 5.1%

Massachussetts Financial Services Company | 1,611,343 | 5.0%

Artemis Asset Management LLP | 1,588,680 | 4.9%

Aberforth Partners LLP | 1,569,000 | 4.9%

Ruffer LLP | 1,555,198 | 4.8%

FIL | 1,516,682 | 4.75%

Means that quite a few of these voted against.

Remuneration for Chris Myatt was £60k

This is really interesting. I would like to know more. Seems like there is some disagreement going on inside GW?

So... Basically the bloke makes way too much money vs. what he actually contributes to the company and people are right pissed about it?

It's much more likely that a shareholder (or group of them) had their own choice for the role loose out than any question about the pay for the role

 nels1031 wrote:

 BroodSpawn wrote:
For those of us that aren't fully up to date on the internal politics of a toy soldier company, what does this mean/why should we care?

Well, if we judge the outcome of the Pentrich Rebellion of 1817, regarded as the last revolt in England, we should be worried. This controversial ‘rebellion’ saw the Kings Own Dragoons engage, ride down and scatter the ragtag band of rebellious peasants. The ringleaders of the revolt were executed, and a number of prisoners were exiled to the barren wasteland of Australia, a fate severely worse than death, even in todays time.

I hope cooler heads amongst the Queens retinue prevail, and that the inevitable response to this revolt is even handed and just.

Poppycock and Codswallup!

A healthy revolution helps clear the bad air, offers opportunities to settle blood feuds, and relieves sexual tension.

I say, let 'em fight!

Two Company Executives Enter, One Company Executive Leaves!

What exactly does "the role" do?

Is he the senior independent director of... manufacturing? Printing? Design? Store management?

 Unit1126PLL wrote:
What exactly does "the role" do?

Is he the senior independent director of... manufacturing? Printing? Design? Store management?

https://www.iod.com/news/news/articles/What-is-the-role-of-the-senior-independent-director

 Unit1126PLL wrote:
What exactly does "the role" do?

Is he the senior independent director of... manufacturing? Printing? Design? Store management?

Chris Myatt is on the board of directors, I think.

https://investor.games-workshop.com/the-board-of-directors/

This link AND the one in the OP are both work blocked for me. Perhaps it was a bid to become chairman of the board? It happens from time to time, I guess?

 Mad Doc Grotsnik wrote:
In other news, 74.5% of shareholders voted in favour?

Generally speaking, many shareholders don't vote at all OR just let their vote default to whatever the company is recommending. In other words, 25.5% voting against doesn't really mean 74.5% actively voted in favor. Most shareholders don't care enough to take an interest. The average dude with 10 shares probably throws the proxy vote letter in the trash and never fills it out. His votes default to whatever the company wants. This 25.5% was probably made up of a handful of the larger shareholders and then a smattering of small ones.

Forgive me for failing to understand the apparently labyrinthine politics of the corporate hegemony, but it seems from the information posted that the SID is some sort of link and mediator between the shareholders and the Director, as well as a "catch-all" for junk that filters up to the Director that he doesn't want to deal with and there aren't other channels for.

Did I get that right?

Misleading title is misleading. Let's drop the hyperbole about 12 notches next time.

 Elbows wrote:
Misleading title is misleading. Let's drop the hyperbole about 12 notches next time.

That was how it was described by the source and generally how such things have been often described. So, title describing thing as they are often described describes the thing that it describes.

How does this effect us and should we care? Will there be a price hike?

 CthuluIsSpy wrote:
How does this effect us and should we care? Will there be a price hike?

Either a price hike or plastic battle sisters. Perhaps both.

Time will tell

 Koppo wrote:

 Elbows wrote:
Misleading title is misleading. Let's drop the hyperbole about 12 notches next time.

That was how it was described by the source and generally how such things have been often described. So, title describing thing as they are often described describes the thing that it describes.

From the article:

The Public Register lists companies that have faced a "revolt" by 20 percent of shareholders or more over resolutions, or that have withdrawn resolutions prior to a shareholder vote.

Title is fine as is.

Case dismissed!

Objection, hearsay Readtype!

 Kid_Kyoto wrote:

 CthuluIsSpy wrote:
How does this effect us and should we care? Will there be a price hike?

Either a price hike or plastic battle sisters. Perhaps both.

Time will tell

Plastic Thunderhawk confirmed.

No, a plastic Sisters thunderhawk with it's price hiked up, confirmed.

Anyway, it was probably just a group of investors who wanted to get their own guy into the company. We'll see what happens with any other upcoming votes, I guess.

I'm definitely in the same boat as the others saying "this sounds like it could potentially impact my hobby, but I don't know enough about how investments and corporate politics work to know how". Was this because a group of shareholders is dissatisfied with the new direction of the company? I can't imagine how given that GW was recently named as the most improved PLC stock in the UK.

 Tannhauser42 wrote:
No, a plastic Sisters thunderhawk with it's price hiked up, confirmed.

Anyway, it was probably just a group of investors who wanted to get their own guy into the company. We'll see what happens with any other upcoming votes, I guess.

With him being there for 20 years this is likely a link to the previous management that the shareholders don't like. Re-elections are normally pretty automatic processes and institutional shareholders rarely vote against unless they've got real issues - Boards do sit up and take notice when this sort of thing happens.

I bet that guy don't like age of sigmar because hes from the golden age. You guys better start shaking in your boots, soon it will be end times in sigmar land.

Guess it's that time again...

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Thanks!