Scripps Networks Interactive (SNI), is one of the stocks in my portfolio. Their annual meeting is coming up May 18.
ProxyDemocracy.org had two funds voting, CBIS and AFSCME. Checking the Summary Compensation Table shows the CEO/Chair, Kenneth W. Lowe, was paid about $8.3 million. That under the mean of $9 million for large-cap companies but way over the median of $4.3 million for mid-caps as reported in the United States Proxy Exchange (USPX) released draft guidelines for say-on-pay voting.
I voted with CBIS, primarily because Galloway headed the compensation committee and it appears they paid their CEO just a little above median for the size of our company. Tysoe was also on the committee. I’m surprised there was no opportunity to vote say-when-on-pay or say-on-pay.
| NUM. | PROPOSAL TEXT | MGMT | CBIS | AFSCME |
|---|---|---|---|---|
| 1.1 | Elect Director David A. Galloway | For | Withhold | For |
| 1.2 | Elect Director Dale Pond | For | Withhold | Withhold |
| 1.3 | Elect Director Ronald W. Tysoe | For | Withhold | Withhold |
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