Juniper Networks (JNPR) is one of the stocks in my portfolio. Their annual meeting is coming up May 18. May 14 is the last day to vote my proxy on the MoxyVote.com platform.
ProxyDemocracy.org had only one fund voting, CBIS, when I looked yesterday. MoxyVote.com had no recommendations. The Summary Compensation Table shows CEO/Chair Kevin R. Johnson earned $10 last year. That’s more than the median pay of CEOs in the S&P 500. I’m voting against all pay packages above the median, including this one and I’m voting against the bonus plan. See Nay on Pay: How Shareowners Can Get Their Groove Back. I also voted against both the compensation committee members, since they recommended the excessive pay to the full board. In addition, I voted with CBIS against amending the stock plan and in favor of declassifying the board.
| NUM. | PROPOSAL TEXT | McRitchie | CBIS |
|---|---|---|---|
| 1.1 | Elect Director Mary B. Cranston | For | For |
| 1.2 | Elect Director Kevin R. Johnson | For | For |
| 1.3 | Elect Director J. Michael Lawrie | Against | For |
| 1.4 | Elect Director David Schlotterbeck | Against | For |
| 2 | Ratify Auditors | For | For |
| 3 | Approve Executive Incentive Bonus Plan | Against | For |
| 4 | Amend Omnibus Stock Plan | Against | Against |
| 5 | Advisory Vote to Ratify Named Executive Officers’ Compensation | Against | For |
| 6 | Advisory Vote on Say on Pay Frequency | One Year | One Year |
| 7 | Declassify the Board of Directors | For | For |
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