Proxy Blog

Seagate Technology PLC

September 21, 2020

The annual proxy for this data storage company had the following proposals: 

  1. Proforma proposals on directors, appointment of auditors, and compensation 
  2. Proforma European-style proposal on share transaction authorities 

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. For European proforma proposal – The proposal meets the criteria in Magni’s policy on European proforma proxy proposals.