Proxy Blog

NortonLifelock Inc. 

August 6, 2020

The annual proxy for this software company had the following proposals: 

  1. Proforma votes on directors, appointment of auditors, and compensation 
  2. Shareholder proposal on political 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 political disclosure. The proposal did not meet the requirements in the Magni policy on lobbying disclosure.