Proxy Blog

Air Products and Chemicals, Inc. 

December 22, 2020

The annual proxy for this industrial gas company had the following proposals: 

  • Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote 
  • Board proposal on long-term 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 advisory vote – The disclosures in the proxy did not meet the criteria in Magni’s policy on the advisory vote. 
  • For board proposal on long-term incentive plan – Per Magni policy, Magni votes in favor of many of these proposals.