Kellogg is one of the stocks in my portfolio. Their annual meeting is coming up April 29. I’m a little disappointed not to see more voting advice available at this late date (only 1 fund reporting on ProxyDemocracy.org).
The “Reduce Supermajority Vote Requirements” proposal is mine, so of course I was sure to vote for that one.
AFSCME has done more to advance the cause of proxy access than any other group in the last decade. Since they appear to put a reasonable amount of effort into researching proxy issues and acting like owners. I voted with them, using the platform found at MoxyVote.com.
Today is the last day to vote using MoxyVote.com. They’ve set their dates a little tighter to ensure customers still have time to vote if there are issues voting through their platform. I hope they can give us just another day or two as all the bugs are worked out. That will increase the likelihood of also hearing from some others, such as Florida SBA, CalSTRS, CalPERS, etc.
| NUM. | PROPOSAL TEXT | MGMT | AFSCME |
|---|---|---|---|
| 1.1 | Elect Director John Bryant | For | Withhold |
| 1.2 | Elect Director Rogelio Rebolledo | For | For |
| 1.3 | Elect Director Sterling Speirn | For | For |
| 1.4 | Elect Director John Zabriskie | For | Withhold |
| 2 | Approve Executive Incentive Bonus Plan | For | Against |
| 3 | Advisory Vote to Ratify Named Executive Officers’ Compensation | For | Against |
| 4 | Advisory Vote on Say on Pay Frequency | One Year | One Year |
| 5 | Ratify Auditors | For | Against |
| 6 | Reduce Supermajority Vote Requirement | Against | For |
| 7 | Require a Majority Vote for the Election of Directors | Against | For |
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