QUALCOMM INC/DE

This proposal requests that the company amend its governing documents to give holders of a combined 10% of outstanding common stock (or the lowest percentage allowed by state law) the power to call a special shareholder meeting, and that no minimum ownership holding period be required to make such a request. It also explicitly allows the special meeting to be held online. The proponent argues this right would prevent Board complacency and provide shareholders a "Plan B" to convene a meeting if they believe the Board is not responsive. The supporting statement cites recent votes at other companies and emphasizes online meeting feasibility and the desire for more meaningful shareholder engagement.

The proposal asks the Board to prepare and publish a report within one year, excluding proprietary information, that discloses Qualcomm’s business dealings in China and assesses related risks, and to provide recommendations to mitigate material risks. The proponent cites concerns about exposure to sanctions, trade restrictions, and enforcement under laws like the Uyghur Forced Labor Prevention Act, and references third‑party estimates of substantial asset and revenue exposure tied to China. The requested report would aim to increase transparency about the company’s arrangements in China, potential concessions to obtain approvals, and how those arrangements could affect decision‑making and long‑term shareholder returns. The proposal frames the requested assessment as necessary for shareholders to evaluate geopolitical, legal, reputational and supply‑chain risks affecting the company.