Steris (STE): How I Voted

Steris (STE) is one of the stocks in my portfolio. Their annual meeting is coming up today, July 28. Sorry to be so late in posting my vote.  I missed the deadline to use the platform. Additionally, they had no voting advice on this issuer. was slightly better, with advice from one fund, CBIS.  They withheld votes from all board members.

Steris looks like a small-cap to me, so the median pay for CEOs was $2.2 million, according to Equilar, as reported in USPX’s Draft Shareowner Guidelines for Say-on-Pay Voting of May 12, 2011. Looking at the Summary Compensation Table, Walter M Rosebrough, Jr. was paid a little over $3 million, more than the median pay. As I have this season where one of the NEOs was paid above median, I voted against the compensation package and against all members of the compensation committee: Kevin M. McMullen, Richard C. Breeden, and John P. Wareham. In all other respects, I voted with management.

1.1Elect Director Richard C. BreedenWithholdWithhold
1.2Elect Director Cynthia L. FeldmannForWithhold
1.3Elect Director Jacqueline B. KosecoffForWithhold
1.4Elect Director David B. LewisForWithhold
1.5Elect Director Kevin M. McMullenWithholdWithhold
1.6Elect Director Walter M Rosebrough, Jr.ForWithhold
1.7Elect Director Mohsen M. SohiForWithhold
1.8Elect Director John P. WarehamWithholdWithhold
1.9Elect Director Loyal W. WilsonForWithhold
1.10Elect Director Michael B. WoodForWithhold
2Amend Omnibus Stock PlanForFor
3Advisory Vote to Ratify Named Executive Officers’ CompensationForFor
4Advisory Vote on Say on Pay FrequencyOne YearOne Year
5Ratify AuditorsForAgainst


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