Linde PLC 

The annual proxy for this chemical company had the following proposals:  Proforma proposals on directors, appointment of auditors, and advisory vote on compensation  Proforma European-style proposals on auditor remuneration, share transaction prices  Board proposal on frequency of votes on executive compensation  Magni voted as follows  For and against proforma proposals: -Against directors – The board has a majority of independent directors and some have CEO/CFO experience with other companies, though the compensation of directors was either confusing or wrong. Amounts on one page describing […]

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Carmax, Inc. 

The annual proxy for the nationwide used car dealer had the following proposals:  Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote  Board proposal on stock incentive plan  Shareholder proposal on disclosure of political contributions  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 […]

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Davita Inc. 

The annual proxy for this managed care provider had the following proposals:  Proforma proposals 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 to align director incentives with long-term value creation.  For auditors – There appear to be […]

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The Kroger Co. 

The annual proxy for this supermarket chain had the following proposals:  Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote  Board proposals on long-term incentive plan and permitting board amendments  Shareholder proposals on unrecyclable packaging/private label brands and independent chairman  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 […]

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Iron Mountain 

The annual proxy for the document retention company only 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 to align director incentives with long-term value creation.   […]

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Equity Residential

The annual proxy for this toy manufacturing company had the following proposals:  Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote  Board proposal for amending the share incentive plan  Magni voted as follows:  For and against the 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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Mastercard Incorporated 

The annual proxy for the credit and debit card provider had the following proposals:  Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote  Shareholder proposals on gender pay and human rights committee  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 […]

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TripAdvisor, Inc. 

The annual proxy for this travel services company only had proforma proposals on directors and appointment of auditors.  Magni voted for and against proposals on the proxy.  Against directors – This company is controlled by another company with public shareholders having minimal ability to impact the company. Only three of the directors represent the shareholders who own the public equity. Such a company does not have an independent board. The lack of a “say-on-pay” proposal is […]

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Caterpillar Inc.

The annual proxy for this construction equipment manufacturer had the following proposals:  Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote  Shareholder proposals on proxy access and conflict-affected areas  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 has restrictions to align director […]

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American Airlines Group Inc. 

The annual proxy for this airline company had the following proposals:  Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote  Shareholder proposal regarding political contributions and expenditures  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 has restrictions to align director incentives […]

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