Proxy Blog

Autozone, Inc. 

November 14, 2020

The annual proxy for this retailer of aftermarket automotive parts had the following proposals: 

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

Magni voted as follows: 

  1. 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. 
  2. For board proposal on omnibus incentive plan – Per Magni policy, Magni  votes in favor of many of these proposals.