The annual proxy for this aerospace company had the following proposals:
- Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote
- Board proposals on incentive plans
- Shareholder proposal on proxy access
Magni voted as follows:
- 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.
- For board proposal on incentive plans. Per Magni policy, Magni votes in favor of many of these proposals.
- 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.