Proxy Blog

NetApp, Inc. 

August 14, 2020

The annual proxy for this cloud data services and data management company had the following proposals: 

  1. Proforma votes on directors, appointment of auditors, and compensation 
  2. Shareholder proposal on written disclosure 

Magni voted as follows: 

  1. 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. 
  2. Against shareholder proposal on written consent – Per the Magni position paper, Magni routinely votes against these proposals.