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Express Scripts Clashes With Investor Over Cyber-Risk Disclosure

  • Pension fund asks for reports on efforts to mitigate hacks
  • Company said it will exclude proposal from shareholder ballot
Express Scripts headquarters is seen in St. Louis, Missouri. 

Photographer: Whitney Curtis/Bloomberg

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The U.S. Securities and Exchange Commission will review a dispute between Express Scripts Holding Co. and New York State Comptroller Thomas DiNapoli over his effort to force the prescription-benefits manager to increase cyber-risk disclosures.

Express Scripts told the SEC last month it would exclude the proposal from its annual proxy statement. DiNapoli, who’s pushing for the company’s board to report its efforts to prevent and mitigate cyber threats, objected last week in a letter to the regulator.