The annual proxy for this manufacturer of lightweight metal products had the following proposals:
- Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote
- Board proposals on frequency of advisory votes and stock incentive plan
Magni voted as follows:
- For and against proforma proposals.
–For directors – The disclosures meet the criteria in our policy on election of directors.
-For auditors – The company meets the criteria in our policy on auditor ratification.
-Against advisory vote – The disclosures in the proxy did not meet the criteria in our policy on the advisory vote.
- For the board proposals.
-Frequency of advisory vote – Annual feedback from shareholders is good.
-Stock incentive plan – Per Magni policy, Magni votes in favor of many of these proposals.