The annual proxy for this network services company had the following proposals:
- Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote
- Board proposal on incentive compensation plan
Magni voted as follows:
- For and against proforma proposals:
–For directors – The disclosures 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 a revised long-term incentive plan. Per Magni policy, Magni votes in favor of many of these proposals.