The annual proxy for this animal health company had the following proposals:
- Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote
- Board proposal on eliminating supermajority voting requirements
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 compensation- The disclosures in the proxy did not meet the criteria in Magni’s policy on the advisory vote.
- For board proposal to remove supermajority voting requirements from bylaws. Per Magni policy, Magni routinely votes for these proposals.