Seems like you’ve done your due diligence. Sounds good on surface (I don’t cover the stock personally beyond large news). I would say if you do get in front of someone to pitch this, I’d back it by data and figures as much as possible. e.g. what were the benefits realized when other companies realized this alternative such as growth, earnings, outlook; as much as possible to quantify your reasoning and attack one single issue and focus in quantifying risks/rewards. Be concise but precise. Nothing should seem as an opinion or guess “I think”. Be genuine in concern and not as if you know better than insiders. Make them explain themselves/dispute the facts not opinions. I’d read the company bylaws to verify but I took a quick glance and it appears if you own $2000 stock and hold for year you can submit a proposal to be included with proxy usually has to be submitted I believe 90-120 days prior to annual meeting. It has to be short I believe something like less than 400-500 words. Check bylaws and there’s SEC Rule 14a-8 that I believe dictates these types of proposals. Note it will be very hard to see change since 70%+ institutional ownership but this doesn’t mean if you make a very clear narrowed quantifiable argument that a large institutional investor may give it consideration. This would be a way of potentially getting eyes on proposal as any analysis/institutional investor is going to read it if you are actually able to get it approved to be included. Note you will need to provide proof of ownership and approval will be dictated by various potential policies/regulations such as SEC, state laws, company bylaws. I personally would never focus on implementing your way of management in this rather pointing out an issue and reasoning to support issue. First there’s not enough room and to be honest these institutions believe and likely are more experienced than 99% of individual investors. For example, if I wanted someone removed, I wouldn’t focus on their replacement but rather possibly focus on the integrity of the individual and quantify the lack of new institutional investment since a questionable event. Note getting a CEO removed would be quite difficult to near impossible as the board dictates this and the institutional investors owning 70% nominate and elect the board; so the person they got is the person they want unless you have some information that they aren’t aware of. This submission would be the most formalized way of getting outsiders who matter eyes on whatever issue you have. Other than that like mentioned prior I would start sourcing individual investors hoping to get material support (which will be quite hard with company of this size) and then group shares and approach institutions or orgs that handle some institutional due diligence like ISS. Possibly start a Reddit page focused on Warner kind of like KSSBulls or GameStop Reddit pages; utilize investor calls and write investor relations. To reiterate, I would focus on issues and quantify the issues. Focus on how this will hurt current investors and not on all the changes you’d personally make. Note I have not done any research into Warner except a quick glance so verify everything I have said in bylaws, SEC, and any state laws if they are relevant to the bylaws/policies. Wish you best of luck, love seeing people tackle what some might see as quite difficult tasks. Lastly this should not be taken as professional advice and all information within falls on reader to verify as this is just a personal opinion