Proxy Blog

Arconic Corporation 

April 27, 2021

The annual proxy for this manufacturer of lightweight metal products had the following proposals: 

  1. Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote 
  2. Board proposals on frequency of advisory votes and stock incentive plan 

Magni voted as follows: 

  1. 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. 
  2. 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.