Proxy Blog

Mohawk Industries, Inc. 

May 9, 2019

The annual proxy for this flooring manufacturer had the following proposals: 

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

Magni for and against proforma proposals: 

  • For and against directors  Voted for Mr. Onorato and Mr. Runge, while voting against Mr. Wellborn. Of the three directors standing for election, Mr. Wellborn is a legacy of a prior acquisition and hence not independent.  
  • For auditors – There appear to be no controversies with the financial statements of the company. 
  • Against say-on-pay” – The proxy materials did not address shareholder engagement and no criteria was provided for the peer group.