Proxy Blog

Raytheon Technologies Corporation

April 9, 2021

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

  1. Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote 
  2. Board proposals on incentive plans 
  3. Shareholder proposal on proxy access 

Magni voted as follows: 

  1. For proforma proposals:
    Directors – The disclosures in the proxy meet the criteria in Magni’s policy on election of directors.
    -Auditors – The company meets the criteria in Magni’s policy on auditor ratification.
    -Say on Pay Advisory vote – The disclosures in the proxy meet the criteria in Magni’s policy on the advisory vote. 
  2. For board proposal on incentive plans. Per Magni policy, Magni votes in favor of many of these proposals. 
  3. For shareholder proposal on proxy access – The shareholder proposal seeks to make proxy access easier for shareholders. Easy access is part of good management of shareholder relationships. Lowering the threshold enables shareholders to communicate more easily.