Rovi (ROVI) is one of the stocks in my portfolio. Their annual meeting is coming up May 24. ProxyDemocracy.org had only one fund voting, Calvert, when I looked two days ago. MoxyVote.com had four “good causes” but only one readily identifiable source, Calvert.
Checking the Summary Compensation Table, it appears CEO/Alfred J. Amoroso was paid almost $7 million. That’s too much for what is essentially a small cap where median pay is $4.3 million. Using the United States Proxy Exchange (USPX) released draft guidelines and adjusting for company size, I voted against the pay package, against the stock plan and against Ludwick, Quindlen and O’Shaughnessy, since they served 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 Alfred J. Amoroso | For | |
| 1.2 | Elect Director Alan L. Earhart | For | |
| 1.3 | Elect Director Andrew K. Ludwick | Withhold | |
| 1.4 | Elect Director James E. Meyer | For | |
| 1.5 | Elect Director James P. O’Shaughnessy | Withhold | |
| 1.6 | Elect Director Ruthann Quindlen | Withhold | |
| 2 | Amend Omnibus Stock Plan | Against | |
| 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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