IRobot (IRBT) is one of the stocks in my portfolio. Their annual meeting is coming up May 24. ProxyDemocracy.org had only one fund voting, CBIS, when I voted yesterday. MoxyVote.com had none. Today is the last day to vote using MoxyVote.com.
Checking the Summary Compensation Table, it appears CEO/Chair Colin M. Angle was paid more than $2.3 million, which is more than the $2.2 million median for a small-cap firm. Using the United States Proxy Exchange (USPX) released draft guidelines and adjusting for company size, I voted against the pay package. However, because the difference was relatively small, I didn’t vote against 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 Gail Deegan | For | |
| 1.2 | Elect Director Andrea Giesser | For | |
| 1.3 | Elect Director Jacques S. Gansler, Ph.D. | For | |
| 2 | Approve Executive Incentive Bonus Plan | For | |
| 3 | Ratify Auditors | For | |
| 4 | Advisory Vote to Ratify Named Executive Officers’ Compensation | Against | |
| 5 | Advisory Vote on Say on Pay Frequency | One Year |
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