Nanostring Technologies 2022 annual meeting is June 17, 2022, at 9:00 am Pacific. It is a virtual-only meeting on the Broadridge platform. Of course, I (James McRitchie) recommend voting in advance, especially since many companies cut off voting as soon as proposals have been presented. To enhance corporate governance and long-term value, vote Against Dana Rollison, William D. Young, Pay, Stock Plan. Vote For Declassify the Board of Directors.
NanoString Technologies, Inc. develops, manufactures, and sells tools for scientific and clinical research in the fields of genomics and proteomics in the Americas, Europe, the Middle East, and the Asia Pacific. Below, is how I voted and why in a much shorter format than I’ve used in prior years since I am pressed for time.
Nanostring Technologies 2022: ISS Rating
From the Yahoo Finance profile page: NanoString Technologies, Inc.’s ISS Governance QualityScore as of May 1, 2022, is 7. The pillar scores are Audit: 9; Board: 3; Shareholder Rights: 7; Compensation: 9.
Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.
Nanostring Technologies 2022: CorpGov Recommendations
Nanostring Technologies 2022: Board Proposals
Nanostring Technologies 2022: Shareholder Proposal – Declassify the Board
Shareholder resolutions on this topic won 16 of 18 votes at companies in 2019, 2020, and 2021, most by a wide margin.
BlackRock, Vanguard, State Street, and other large funds have policies to vote in favor of declassifying boards.
Let’s incentivize our directors to be more accountable to shareholders. Vote FOR proposal #5. Thank you.
I am voting early. Before voting, you might want to look up a few fund votes in our Shareowner Action Handbook.
Nanostring Technologies 2022: Issues for Future Proposals
Looking at insightia for anti-shareholder provisions:
- No requirement to separate CEO and Chair
- Shareholders cannot take action by written consent or call special meetings
- Unopposed directors are elected by a plurality, so one vote
- Supermajority requirements
Nanostring Technologies 2022: Mark Your Calendar
Stockholders may present proper proposals for inclusion in our proxy statement and for consideration at the next annual meeting of stockholders by submitting their proposals in writing to our Corporate Secretary in a timely manner. For a stockholder proposal to be considered for inclusion in our proxy statement for our 2023 annual meeting of stockholders, our Corporate Secretary must receive the written proposal at our principal executive offices not later than December 30, 2022. In addition, stockholder proposals must comply with the requirements of Rule 14a-8 regarding the inclusion of stockholder proposals in company-sponsored proxy materials. Proposals should be addressed to:NanoString Technologies, Inc.
Attention: Corporate Secretary
530 Fairview Avenue North
Seattle, WA 98109