Voya Financial IncTCIM is mailing proxy materials for a no-confidence referendum against Voya's board and management, accusing them of failing shareholders.

TOMS Capital Investment Management has begun mailing definitive proxy materials to Voya Financial shareholders for a non-binding no confidence referendum on the company's board and management. TCIM, which manages funds holding an approximately 4.65% economic interest in Voya, set a record date of September 30, 2026 and a referendum meeting date of November 24, 2026. The resolution asks shareholders to convey that they "no longer continue to have confidence in the board of directors and management of Voya Financial, Inc." TCIM said the board has failed to act in shareholders' best interests and accused the company of trying to halt the process, urging it to engage with interested third parties around value creation opportunities. As of September 23, 2026, TCIM Master Fund Ltd. held beneficial ownership of or derivative exposure to 1,684,175 Voya common shares, while TOMS Capital Investment Management LP may be deemed to beneficially own shares or derivative exposure to 4,215,400 Voya common shares.
Voya Financial IncTCIM is mailing proxy materials for a no-confidence referendum against Voya's board and management, accusing them of failing shareholders.
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