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.
|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|
|4||Advisory Vote to Ratify Named Executive Officers’ Compensation||Against|
|5||Advisory Vote on Say on Pay Frequency||One Year|