Interface, Inc (IFSIA) is one of the stocks in my portfolio. Their annual meeting is coming up May 23. ProxyDemocracy.org had only one fund voting, CBIS, when I looked yesterday. Often they seem to vote against just about every management recommendation but not this time. MoxyVote.com had five opinions but only two readily identifiable sources, Calvert and Trillium. They were at odds with each other.
Checking the Summary Compensation Table, it appears CEO/Daniel T. Hendrix was paid almost $3.7 million. That’s too much for what is essentially a small cap where median pay is $2.2 million. Using the United States Proxy Exchange (USPX) draft guidelines and adjusting for company size, I voted against the pay package and against Kohler, since he was on the compensation committee. Management wanted a say-when-on-pay frequency of three years but I voted for every year. I voted using the MoxyVote.com platform.
| NUM. | PROPOSAL TEXT | McRitchie | ||
|---|---|---|---|---|
| 1.1 | Elect Director Dianne Dillon-Ridgley | For | ||
| 1.2 | Elect Director June M. Henton | For | ||
| 1.3 | Elect Director Christopher G. Kennedy | For | ||
| 1.4 | Elect Director K. David Kohler | Against | ||
| 2 | Advisory Vote to Ratify Named Executive Officers’ Compensation | Against | ||
| 3 | Advisory Vote on Say on Pay Frequency | One Year | ||
| 4 | Ratify Auditors | For |
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