The Heritage Foundation v. Airbnb

Summary

Airbnb ignored two separate shareholder resolutions that should have been included on the company’s proxy ballot at its upcoming June 4 meeting. Following all protocols from both the company and the U.S. Securities and Exchange Commission, The Heritage Foundation and the American Conservative Values ETF submitted separate shareholder resolutions via FedEx in December 2024. Even though both packages were signed for by the same Airbnb mailroom employee—on separate dates—by the filing deadline, neither resolution appeared on Airbnb’s proxy ballot when it was released in late April. ADF attorneys, Heritage, and ACVF contacted Airbnb representatives almost a month ahead of its annual meeting, but Airbnb said it never received the resolutions. Instead, Airbnb suggested that FedEx had forged the signatures.