Proxy Blog

Mettler-Toledo International, Inc. 

April 14, 2020

The annual proxy for this scales and analytical instruments company had the following proposals: 

  • Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote 

Magni for and against proforma proposals: 

  • Fodirectors – The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a meaningful portion in equity where the equity has restrictions to align director incentives with long-term value creation 
  • For auditors – There appear to be no controversies with the financial statements of the company. 
  • Against “say-on-pay” – The limited disclosure about the companies in the peer group along with the disclosure of superficial criteria for the list is thoroughly incomplete, and as such incompatible with a good executive compensation program.