Baxter International Inc. 

The annual proxy for this health care company had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Shareholder proposals on independent chairman and written consent  Magni voted as follows:  For proforma proposals. -Directors – The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a meaningful portion in equity where the equity has restrictions […]

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IDEXX Laboratories, Inc. 

The annual proxy for this manufacturer of supplies for the veterinary and related farming markets had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Magni for and against proforma proposals:  For directors – The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a meaningful portion in equity and there are ownership requirements.  For auditors – There appear to […]

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AMBEV S.A. 

AMBEV, a multinational brewing company, provided an annual proxy containing nine proposals covering proforma and extraordinary proposals. The available documentation provided some information, though the content was well below the standards for companies listed on U.S. exchanges. Opaqueness, especially regarding the board of directors, is sufficiently troubling to justify a vote against all nine proposals.   

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The Progressive Corporation

The annual proxy for this insurance company had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Magni voted for and against proforma proposals.  For directors – The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a meaningful portion in equity where the equity has restrictions […]

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Amgen Inc. 

The annual proxy for this biotechnology company had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Magni voted for proforma proposals:  Directors – The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a meaningful portion in equity where the equity has restrictions to align director incentives with long-term […]

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American Tower Corporation

The annual proxy for this wireless and broadcast communications infrastructure company had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Shareholder proposals on independent chairman and disclosure of political contributions  Magni voted as follows:  For proforma proposals. -Directors – The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a meaningful […]

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Livent Corporation 

The annual proxy for this manufacturer of Lithium-based products had the following proposals:  Proforma votes on directors and appointment of auditors. There was no “say-on-pay” advisory vote  Magni voted as follows:  For proforma proposals. -Directors – The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a meaningful portion in equity where the equity has restrictions to align director […]

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NiSource, Inc. 

The annual proxy for this utility had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Board proposals on increasing authorized shares, eliminating “cause” as a reason to remove directors, and amending the Employee Stock Purchase Plan  Shareholder proposal on threshold for special meetings  Magni voted as follows:  For and against proforma proposals. -For directors – The board has a majority of independent directors and some have CEO/CFO experience with other […]

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Prudential Financial, Inc. 

The annual proxy for this insurance and financial services company had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Shareholder proposal on written consent  Magni voted as follows:  For and against proforma proposals. -For directors – The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a meaningful portion in equity where the equity […]

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Gilead Sciences, Inc. 

The annual proxy for this biotechnology company had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Board proposal on written consent  Shareholder proposals on independent chairman and report on use of savings from the Tax Cuts and Jobs Act  Magni voted as follows:  For proforma proposals. -Directors – The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors […]

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