The annual proxy for this technology services company had the following proposals:
- Proforma votes on directors, appointment of auditors, and compensation
- Board proposals on increased shares for incentive plans
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 proposals on authorizing additional shares. Per the policy on incentive plans, Magni is supporting of incentive plans. These proposals relate to authorizing sufficient shares for already-approved plans.