Davita (DVA): How I Voted

Davita (DVA) is one of the stocks in my portfolio. Their annual meeting is coming up June 6. ProxyDemocracy.org had four funds voting. MoxyVote.com had two funds and two consolidations.

Checking the Summary Compensation Table, it appears CEO/Chair Kent J. Thiry was paid more than $14 million. Using the United States Proxy Exchange (USPX) released draft guidelines, I voted against most pay packages over the median for large-caps of $9 million, including this one. I also voted against the stock plan and all members of the compensation committee: John M. Nehra (Chairman), Peter T. Grauer, and Roger J. Valine.

Of course, I voted in favor of my own proposal to allow shareowners to act by written consent in lieu of a meeting. We gave greater than 56%-support to a 2010 shareholder proposal on this same topic. Our 56%-support was all the more remarkable because Davita’s management used an argument twice as long as the complete shareholder proposal. Let’s hope the board takes advice from shareowners this time around.

1ELECTION OF DIRECTOR: PAMELA M. ARWAY
2ELECTION OF DIRECTOR: CHARLES G. BERG
3ELECTION OF DIRECTOR: WILLARD W. BRITTAIN, JR.
4ELECTION OF DIRECTOR: CAROL ANTHONY ( JOHN ) DAVIDSON
5ELECTION OF DIRECTOR: PAUL J. DIAZ
6ELECTION OF DIRECTOR: PETER T. GRAUER
7ELECTION OF DIRECTOR: JOHN M. NEHRA
8ELECTION OF DIRECTOR: WILLIAM L. ROPER
9ELECTION OF DIRECTOR: KENT J. THIRY
10ELECTION OF DIRECTOR: ROGER J. VALINE
11APPROVAL OF OUR 2011 INCENTIVE AWARD PLAN
12RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2011
13ADVISORY VOTE ON EXECUTIVE COMPENSATION
14ADVISORY VOTE ON THE FREQUENCY OF FUTURE ADVISORY VOTES ON EXECUTIVE COMPENSATION
15STOCKHOLDER PROPOSAL REGARDING STOCKHOLDER ACTION BY WRITTEN CONSENT

 

 

 

 

, , , ,

Comments are closed.

Powered by WordPress. Designed by WooThemes