My proposal to declassify the board at United Natural Foods, Inc. ($UNFI) passed by an overwhelming margin of 87.89%: 38,086,048 for 5,248,963 against See their 8-K filing. Text (pdf) of proposal and opposition. Of course, the margin would have been even higher without insider holdings and blank votes going to management. Have we turned the corner on declassification measures […]
Tag Archives | virtual-only meeting
UNFI Locked Out ShareOwners but We Voted to Declassify the Board: Company Now Seeks Feedback on Meeting Format
James McRitchie, 12/13/2012 ,
I attended a virtual-only meeting of United Natural Foods, Inc. yesterday and was pleased that a majority of shares were voted in favor of my proposal to declassify the board. That, combined with a move to majority vote requirements for directors a few years ago, helps move UNFI ($UNFI) into the center of the pack […]
Will UNFI Go Virtual-Only Again? Not if Shareowners Just Say No
James McRitchie, 10/06/2011 ,
Ever since ownership and management diverged, owners have met with those to whom they entrust their business. They do so at least annually to learn how the business is doing, to communicate, and to exercise their rights as owners. Last year United Natural Foods, one of the companies in my portfolio, announced they were breaking from […]
Symantec and Shareowner Meetings
James McRitchie, 11/09/2010 ,
Steven Towns summarizes action taken to date concerning Symantec’s run at a virtual-only meeting. I’m delighted that he will be working with the the US Proxy Exchange on a white paper to identify key issues and opportunities, seek member input, and publish final virtual meeting guidelines. (Symantec and the Importance of Shareholder Meetings — Seeking […]