Proxy Blog

Davita Inc. 

January 6, 2020

The special proxy for this managed care provider had the following proposals: 

  • Board proposal on special equity grant to the CEO 

Magni voted against the proforma proposal. The proxy materials disclosed the nature of the proposal and explained some best practices used in the design of the award. That said, there was no explanation for why such a change should be made, and there was no explanation as to why this proposal was needed now instead of the annual proxy process in a few months.