Proxy Blog

Snap-On Incorporated 

March 29, 2021

The annual proxy for this manufacturer of high-end tools and equipment had the following proposals: 

  1. Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote 
  2. Board proposal on incentive stock and awards plan 

Magni for and against proforma proposals: 

  1. For and against proforma proposals.
    For directors – The disclosures 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 advisory vote – The disclosures in the proxy did not meet the criteria in Magni’s policy on the advisory vote. 
  2. For board proposal on incentive stock and awards plan – Per Magni policy, Magni votes in favor of many of these proposals.