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 proposals Magni voted as follows For and against proforma proposals: –For directors – The disclosures in the proxy meet the criteria in Magni’s policy on election of directors. -For auditors – The company meets the criteria in Magni’s policy on auditor ratification. -Against “say-on-pay” – The disclosures in the proxy do not […]
Read MoreThe annual proxy for this aerospace company had the following proposals: Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote Shareholder proposal on threshold for shareholder meetings Magni voted as follows: For and against proforma proposals. –For directors – The disclosures in the proxy meet the criteria in Magni’s policy on election of directors. -For auditors – The company meets the criteria in Magni’s policy on auditor ratification. -Against “say-on-pay” – The disclosures in the proxy do […]
Read MoreThe 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 Magni voted as follows: For and against proforma proposals. –For directors – The disclosures in the proxy meet the criteria in Magni’s policy on election of directors. -For auditors – The company meets the criteria in Magni’s policy on auditor ratification. -Against “say-on-pay” – The disclosures in the proxy do […]
Read MoreThe proxy had three proposals related to the acquisition: Approve issuing shares Authorize additional shares Authorize Board to adjourn meeting if more shares are required to approve the first two proposals Magni voted for the proposals on the proxy. Both McKinsey and Bain have done studies that show most large acquisitions destroy shareholder value. That said, acquisitions where the primary driver is consolidation […]
Read MoreThe 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 Magni for proforma proposals: Directors – The disclosures in the proxy meet the criteria in Magni’s policy on election of directors. Auditors – The company meets the criteria in Magni’s policy on auditor ratification. “Say-on-pay” – The disclosures in the proxy […]
Read MoreThe annual proxy for this airline had the following proposals: Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote Shareholder proposals on written consent, climate lobbying, political contributions, and sexual harassment Magni voted as follows: For and against proforma proposals. –For directors – The disclosures in the proxy meet the criteria in Magni’s policy on election of directors. -For auditors – The company meets the criteria in Magni’s policy on […]
Read MoreThe annual proxy for this pharmaceutical company had the following proposals: Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote Board proposal on incentive plan Magni voted as follows: For and against proforma proposals. –For directors – The disclosures in the proxy meet the criteria in Magni’s policy on election of directors. -For auditors – The company meets the criteria in Magni’s policy on auditor ratification. -Against “say-on-pay” – The disclosures in the […]
Read MoreThe annual proxy for this manufacturing company had the following proposals: Proforma votes on directors and appointment of auditors, though no “say on pay” vote Magni voted against proposals on the proxy. Against directors – While the disclosures in the proxy meet the literal criteria in Magni’s policy on election of directors, there is a lot of opaqueness that causes Magni to vote against all directors. First, the impact of the recent major transactions (including Gardner Denver) in […]
Read MoreThe annual proxy for this real estate investment trust had the following proposals: Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote Magni for and against proforma proposals: For and against directors – The disclosures in the proxy meet the criteria in Magni’s policy on election of directors with one exception. Michael Coke is on the board as a legacy of a business deal. The transaction occurred in 2017. He no longer needs to be […]
Read MoreThe annual proxy for this managed care provider had the following proposals: Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote Board proposal on incentive plan Shareholder proposal on political disclosure Magni voted as follows: For and against proforma proposals. -For directors – The disclosures in the proxy meet the criteria in Magni’s policy on election of directors. -For auditors – The company meets the criteria in Magni’s policy on auditor ratification. […]
Read More