The annual proxy for this retailer of aftermarket automotive parts had the following proposals:
- Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote
- Board proposal on omnibus 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 omnibus incentive plan – Per Magni policy, Magni votes in favor of many of these proposals.