OPINION

Madison Square Garden Entertainment Calls “Special Meeting” to Vote on Reincorporating out of Delaware to Nevada

Dear Friends,

Madison Square Garden Entertainment has called a special meeting to vote on leaving Delaware and moving to Nevada.

So many companies are leaning toward leaving. It may be past the “get nervous” moment for our Governor and legislators. America’s First State’s reincorporation revenue is in danger, as I see it folks.

Did Delaware legislators passing Senate Bill 21 SB21 draw even more attention to this problem? What do you think, folks? Please share your thoughts, they’re always valued and appreciated.

Please click on the X link from Professor Robert Anderson below.

Sincerely Yours,

JUDSON Bennett–Coastal Network

https://x.com/ProfRobAnderson/status/1909363856482197588
Robert Anderson
@ProfRobAnderson

Madison Square Garden Entertainment has called a *special meeting* to vote on reincorporating out of Delaware into Nevada. This is a new development. 1/

A special meeting is normally called only to address urgent matters that can’t wait for the annual meeting. In this case, the annual meeting would likely be in December. Presumably, the company thought remaining in Delaware that long was too much of a risk. 2/

In addition, Madison Square Garden Sports (MSGS) has also filed to leave for Nevada as well, as pointed out by @anthonyrickey. They have also called a special meeting. 3/

I don’t recall any corporation calling a special meeting solely to vote on reincorporation. I haven’t been through the whole proxy yet. Maybe there’s some other reason. If there isn’t, this is a concerning uptick in the level of urgency.