acuity brands, inc. proxy vote summary report for 1st q… · 1.4 elect director frank s. hermance...

Vote Summary Report

Date range covered: 01/01/2020 to 03/31/2020

Location(s): All Locations

Institution Account(s): All Institution Accounts

Acuity Brands, Inc.

Meeting Date: 01/08/2020

Record Date: 11/11/2019

Country: USA

Meeting Type: Annual

Primary Security ID: 00508Y102

Ticker: AYI

Shares Voted: 6,900

Proposal Number ProponentProposal Text Mgmt Rec

VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director W. Patrick Battle 1a

Voter Rationale: A vote FOR the director nominees is warranted.

Mgmt ForForForElect Director Peter C. Browning 1b


Mgmt ForForForElect Director G. Douglas Dillard, Jr. 1c


Mgmt ForForForElect Director James H. Hance, Jr. 1d


Mgmt ForForForElect Director Robert F. McCullough 1e


Mgmt ForForForElect Director Vernon J. Nagel 1f


Mgmt ForForForElect Director Dominic J. Pileggi 1g


Mgmt ForForForElect Director Ray M. Robinson 1h


Mgmt ForForForElect Director Mary A. Winston 1i


Mgmt ForForForRatify Ernst & Young LLP as Auditors 2

Mgmt AgainstAgainstForAdvisory Vote to Ratify Named Executive Officers' Compensation

3

Voter Rationale: A vote AGAINST this proposal is warranted. While the company demonstrated sufficient responsiveness to last year's low say-on-pay vote result, other concerns are raised for the year in review. The company recently amended the severance agreements with the CEO and CFO, each of which contain a problematic good reason definition provision that provides the executive with severance benefits upon a resignation in connection with the company's bankruptcy or insolvency. In addition, the company also amended the supplemental executive retirement plan to provide the CEO with substantially larger benefits in retirement.

Vote Summary Report




Commercial Metals Company



Country: USA


Primary Security ID: 201723103

Ticker: CMC

Shares Voted: 20,300


VotingPolicy Rec

Vote Instruction

1.1 Elect Director Vicki L. Avril Mgmt For For For


Mgmt ForForForElect Director Sarah E. Raiss 1.2


Mgmt ForForForElect Director J. David Smith 1.3


Mgmt ForForForRatify Deloitte & Touche LLP as Auditors 2

Mgmt ForForForAdvisory Vote to Ratify Named Executive Officers' Compensation

3

Mgmt ForForForAmend Omnibus Stock Plan 4

Jacobs Engineering Group Inc.



Country: USA



Ticker: J

Shares Voted: 8,837


VotingPolicy Rec

Vote Instruction

1a Elect Director Steven J. Demetriou Mgmt For For For


Mgmt ForForForElect Director Christopher M.T. Thompson 1b


Mgmt ForForForElect Director Joseph R. Bronson 1c


Mgmt ForForForElect Director Robert C. Davidson, Jr. 1d


Mgmt ForForForElect Director Ralph E. Eberhart 1e


Vote Summary Report




Jacobs Engineering Group Inc.


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Georgette D. Kiser 1f


Mgmt ForForForElect Director Linda Fayne Levinson 1g


Mgmt ForForForElect Director Barbara L. Loughran 1h


Mgmt ForForForElect Director Robert A. McNamara 1i


Mgmt ForForForElect Director Peter J. Robertson 1j



2


Micron Technology, Inc.



Country: USA



Ticker: MU



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Robert L. Bailey Mgmt For For For


Mgmt ForForForElect Director Richard M. Beyer 1.2


Mgmt ForForForElect Director Steven J. Gomo 1.3


Mgmt ForForForElect Director Mary Pat McCarthy 1.4


Mgmt ForForForElect Director Sanjay Mehrotra 1.5


Vote Summary Report




Micron Technology, Inc.


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Robert E. Switz 1.6


Mgmt ForForForElect Director MaryAnn Wright 1.7



2

Mgmt ForForForRatify PricewaterhouseCoopers LLP as Auditors

3

Costco Wholesale Corporation



Country: USA


Primary Security ID: 22160K105

Ticker: COST



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Susan L. Decker Mgmt For For For


Mgmt ForForForElect Director Richard A. Galanti 1.2


Mgmt ForForForElect Director Sally Jewell 1.3


Mgmt ForForForElect Director Charles T. Munger 1.4


Mgmt ForForForRatify KPMG LLP as Auditors 2


3

Mgmt ForForForAmend Articles of Incorporation to Provide Directors May Be Removed With or Without Cause

4

SH AgainstAgainstAgainstDisclose Board Diversity and Qualifications Matrix

5

Vote Summary Report




D.R. Horton, Inc.



Country: USA


Primary Security ID: 23331A109

Ticker: DHI



VotingPolicy Rec

Vote Instruction

1a Elect Director Donald R. Horton Mgmt For For For


Mgmt ForForForElect Director Barbara K. Allen 1b


Mgmt ForForForElect Director Brad S. Anderson 1c


Mgmt ForForForElect Director Michael R. Buchanan 1d


Mgmt ForForForElect Director Michael W. Hewatt 1e


Mgmt ForForForElect Director Maribess L. Miller 1f



2


New Jersey Resources Corporation



Country: USA



Ticker: NJR



VotingPolicy Rec

Vote Instruction

1.1 Elect Director James H. DeGraffenreidt, Jr. Mgmt For For For


Mgmt ForForForElect Director Gregory E. Aliff 1.2


Vote Summary Report




New Jersey Resources Corporation


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Stephen D. Westhoven 1.3


Mgmt ForForForElect Director Jane M. Kenny 1.4


Mgmt ForForForElect Director Sharon C. Taylor 1.5


Mgmt ForForForElect Director David A. Trice 1.6



2


UGI Corporation



Country: USA



Ticker: UGI



VotingPolicy Rec

Vote Instruction

1.1 Elect Director M. Shawn Bort Mgmt For For For


Mgmt ForForForElect Director Theodore A. Dosch 1.2


Mgmt ForForForElect Director Alan N. Harris 1.3


Mgmt ForForForElect Director Frank S. Hermance 1.4


Mgmt ForForForElect Director William J. Marrazzo 1.5


Mgmt ForForForElect Director Kelly A. Romano 1.6


Vote Summary Report




UGI Corporation


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Marvin O. Schlanger 1.7


Mgmt ForForForElect Director James B. Stallings, Jr. 1.8


Mgmt ForForForElect Director K. Richard Turner 1.9


Mgmt ForForForElect Director John L. Walsh 1.10



2


Washington Federal, Inc.



Country: USA



Ticker: WAFD



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Stephen M. Graham Mgmt For For For


Mgmt ForForForElect Director David K. Grant 1.2


Mgmt ForForForElect Director Randall H. Talbot 1.3


Mgmt ForForForApprove Omnibus Stock Plan 2


3


Air Products and Chemicals, Inc.



Country: USA



Ticker: APD

Vote Summary Report




Air Products and Chemicals, Inc.



VotingPolicy Rec

Vote Instruction

1a Elect Director Susan K. Carter Mgmt For For For


Mgmt ForForForElect Director Charles I. Cogut 1b


Mgmt ForForForElect Director Chadwick C. Deaton 1c


Mgmt ForForForElect Director Seifollah (Seifi) Ghasemi 1d


Mgmt ForForForElect Director David H. Y. Ho 1e


Mgmt ForForForElect Director Margaret G. McGlynn 1f


Mgmt ForForForElect Director Edward L. Monser 1g


Mgmt ForForForElect Director Matthew H. Paull 1h



2


DaVita Inc.



Country: USA

Meeting Type: Special

Primary Security ID: 23918K108

Ticker: DVA

Shares Voted: 8,086


VotingPolicy Rec

Vote Instruction

1 Amend Omnibus Stock Plan Mgmt For For For

Vote Summary Report




Intuit Inc.



Country: USA



Ticker: INTU



VotingPolicy Rec

Vote Instruction

1a Elect Director Eve Burton Mgmt For For For

Mgmt ForForForElect Director Scott D. Cook 1b

Mgmt ForForForElect Director Richard L. Dalzell 1c

Mgmt ForForForElect Director Sasan K. Goodarzi 1d

Mgmt ForForForElect Director Deborah Liu 1e

Mgmt ForForForElect Director Suzanne Nora Johnson 1f

Mgmt ForForForElect Director Dennis D. Powell 1g

Mgmt ForForForElect Director Brad D. Smith 1h

Mgmt ForForForElect Director Thomas Szkutak 1i

Mgmt ForForForElect Director Raul Vazquez 1j

Mgmt ForForForElect Director Jeff Weiner 1k


2


SH AgainstAgainstAgainstAdopt a Mandatory Arbitration Bylaw 4

Jabil Inc.



Country: USA



Ticker: JBL



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Anousheh Ansari Mgmt For For For


Mgmt ForForForElect Director Martha F. Brooks 1.2


Vote Summary Report




Jabil Inc.


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Christopher S. Holland 1.3


Mgmt ForForForElect Director Timothy L. Main 1.4


Mgmt ForForForElect Director Mark T. Mondello 1.5


Mgmt ForForForElect Director John C. Plant 1.6


Mgmt ForForForElect Director Steven A. Raymund 1.7


Mgmt ForForForElect Director Thomas A. Sansone 1.8


Mgmt ForForForElect Director David M. Stout 1.9


Mgmt ForForForElect Director Kathleen A. Walters 1.10




3

Energizer Holdings, Inc.



Country: USA


Primary Security ID: 29272W109

Ticker: ENR



VotingPolicy Rec

Vote Instruction

1a Elect Director Carlos Abrams-Rivera Mgmt For For For


Mgmt ForForForElect Director Bill G. Armstrong 1b


Vote Summary Report




Energizer Holdings, Inc.


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Cynthia J. Brinkley 1c


Mgmt ForForForElect Director Rebecca Frankiewicz 1d


Mgmt ForForForElect Director Alan R. Hoskins 1e


Mgmt ForForForElect Director Kevin J. Hunt 1f


Mgmt ForForForElect Director James C. Johnson 1g


Mgmt ForForForElect Director John E. Klein 1h


Mgmt ForForForElect Director Patrick J. Moore 1i


Mgmt ForForForElect Director Nneka L. Rimmer 1j


Mgmt ForForForElect Director Robert V. Vitale 1k



2


3


The Scotts Miracle-Gro Company



Country: USA



Ticker: SMG

Shares Voted: 6,800


VotingPolicy Rec

Vote Instruction

1.1 Elect Director James Hagedorn Mgmt For For For


Vote Summary Report




The Scotts Miracle-Gro Company


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Brian D. Finn 1.2


Mgmt ForForForElect Director Nancy G. Mistretta 1.3



2


Becton, Dickinson and Company



Country: USA



Ticker: BDX



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Catherine M. Burzik Mgmt For For For


Mgmt ForForForElect Director R. Andrew Eckert 1.2


Mgmt ForForForElect Director Vincent A. Forlenza 1.3


Mgmt ForForForElect Director Claire M. Fraser 1.4


Mgmt ForForForElect Director Jeffrey W. Henderson 1.5


Mgmt ForForForElect Director Christopher Jones 1.6


Mgmt ForForForElect Director Marshall O. Larsen 1.7


Mgmt ForForForElect Director David F. Melcher 1.8


Vote Summary Report




Becton, Dickinson and Company


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Thomas E. Polen 1.9


Mgmt ForForForElect Director Claire Pomeroy 1.10


Mgmt ForForForElect Director Rebecca W. Rimel 1.11


Mgmt ForForForElect Director Timothy M. Ring 1.12


Mgmt ForForForElect Director Bertram L. Scott 1.13




3



SH ForForAgainstReduce Ownership Threshold for Shareholders to Call Special Meeting

6

Voter Rationale: A vote FOR this proposal is warranted, as the ability of the holders of 10 percent of outstanding shares to call a special meeting would supplement shareholders' existing right under New Jersey law to petition the Superior Court to call a special meeting upon a showing of good cause.

Hormel Foods Corporation



Country: USA



Ticker: HRL



VotingPolicy Rec

Vote Instruction

1a Elect Director Prama Bhatt Mgmt For For For

Mgmt ForForForElect Director Gary C. Bhojwani 1b

Mgmt ForForForElect Director Terrell K. Crews 1c

Mgmt ForForForElect Director Stephen M. Lacy 1d

Mgmt ForForForElect Director Elsa A. Murano 1e

Mgmt ForForForElect Director Susan K. Nestegard 1f

Vote Summary Report




Hormel Foods Corporation


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director William A. Newlands 1g

Mgmt ForForForElect Director Dakota A. Pippins 1h

Mgmt ForForForElect Director Christopher J. Policinski 1i

Mgmt ForForForElect Director Jose Luis Prado 1j

Mgmt ForForForElect Director Sally J. Smith 1k

Mgmt ForForForElect Director James P. Snee 1l

Mgmt ForForForElect Director Steven A. White 1m



3

Visa Inc.



Country: USA


Primary Security ID: 92826C839

Ticker: V



VotingPolicy Rec

Vote Instruction

1a Elect Director Lloyd A. Carney Mgmt For Refer Against

Mgmt ForForForElect Director Mary B. Cranston 1b

Mgmt ForForForElect Director Francisco Javier Fernandez-Carbajal

1c

Mgmt ForForForElect Director Alfred F. Kelly, Jr. 1d

Mgmt ForForForElect Director Ramon L. Laguarta 1e

Mgmt ForForForElect Director John F. Lundgren 1f

Mgmt ForForForElect Director Robert W. Matschullat 1g

Mgmt ForForForElect Director Denise M. Morrison 1h

Mgmt ForForForElect Director Suzanne Nora Johnson 1i

Mgmt ForForForElect Director John A. C. Swainson 1j

Mgmt ForForForElect Director Maynard G. Webb, Jr. 1k


2

Vote Summary Report




Visa Inc.


VotingPolicy Rec

Vote Instruction


MSC Industrial Direct Co., Inc.



Country: USA



Ticker: MSM

Shares Voted: 7,800


VotingPolicy Rec

Vote Instruction

1.1 Elect Director Mitchell Jacobson Mgmt For For For


Mgmt ForForForElect Director Erik Gershwind 1.2


Mgmt ForForForElect Director Jonathan Byrnes 1.3


Mgmt ForForForElect Director Louise Goeser 1.4


Mgmt ForForForElect Director Michael Kaufmann 1.5


Mgmt ForForForElect Director Denis Kelly 1.6


Mgmt ForForForElect Director Steven Paladino 1.7


Mgmt ForForForElect Director Philip Peller 1.8




3

Woodward, Inc.



Country: USA



Ticker: WWD

Vote Summary Report




Woodward, Inc.

Shares Voted: 9,700


VotingPolicy Rec

Vote Instruction

1.1 Elect Director Paul Donovan Mgmt For For For


Mgmt ForForForElect Director Mary L. Petrovich 1.2


Mgmt ForForForElect Director James R. Rulseh 1.3




3


Accenture plc



Country: Ireland


Primary Security ID: G1151C101

Ticker: ACN



VotingPolicy Rec

Vote Instruction

1 Elect Director Jaime Ardila Mgmt For For For


Mgmt ForForForElect Director Herbert Hainer 1b


Mgmt ForForForElect Director Nancy McKinstry 1c


Mgmt ForForForElect Director Gilles C. Pelisson 1d


Mgmt ForForForElect Director Paula A. Price 1e


Mgmt ForForForElect Director Venkata (Murthy) Renduchintala

1f


Vote Summary Report




Accenture plc


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director David Rowland 1g


Mgmt ForForForElect Director Arun Sarin 1h


Mgmt ForForForElect Director Julie Sweet 1i


Mgmt ForForForElect Director Frank K. Tang 1j


Mgmt ForForForElect Director Tracey T. Travis 1k



2


Mgmt ForForForApprove KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration

4

Mgmt ForForForAuthorize Board to Allot and Issue Shares 5

Voter Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

Mgmt ForForForAuthorize Board to Opt-Out of Statutory Pre-Emption Rights

6

Voter Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.

Mgmt ForForForDetermine Price Range for Reissuance of Treasury Shares

7

Ashland Global Holdings Inc.



Country: USA



Ticker: ASH



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Brendan M. Cummins Mgmt For For For


Vote Summary Report




Ashland Global Holdings Inc.


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director William G. Dempsey 1.2


Mgmt ForForForElect Director Jay V. Ihlenfeld 1.3


Mgmt ForForForElect Director Susan L. Main 1.4


Mgmt ForForForElect Director Guillermo Novo 1.5


Mgmt ForForForElect Director Jerome A. Peribere 1.6


Mgmt ForForForElect Director Craig A. Rogerson 1.7


Mgmt ForForForElect Director Mark C. Rohr 1.8


Mgmt ForForForElect Director Ricky C. Sandler 1.9


Mgmt ForForForElect Director Janice J. Teal 1.10


Mgmt ForForForElect Director Kathleen Wilson-Thompson 1.11




3

Liberty Property Trust



Country: USA



Ticker: LPT



VotingPolicy Rec

Vote Instruction

1 Approve Merger Agreement Mgmt For Refer For

Vote Summary Report




Liberty Property Trust


VotingPolicy Rec

Vote Instruction

Mgmt ForReferForAdvisory Vote on Golden Parachutes 2

Mgmt ForReferForAdjourn Meeting 3

Post Holdings, Inc.



Country: USA



Ticker: POST



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Robert E. Grote Mgmt For For For


Mgmt ForForForElect Director David W. Kemper 1.2


Mgmt ForForForElect Director Robert V. Vitale 1.3



2


3

Sally Beauty Holdings, Inc.



Country: USA


Primary Security ID: 79546E104

Ticker: SBH



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Timothy R. Baer Mgmt For For For


Mgmt ForForForElect Director Christian A. Brickman 1.2


Vote Summary Report




Sally Beauty Holdings, Inc.


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Marshall E. Eisenberg 1.3


Mgmt ForForForElect Director Diana S. Ferguson 1.4


Mgmt ForForForElect Director Dorlisa K. Flur 1.5


Mgmt ForForForElect Director Linda Heasley 1.6


Mgmt ForForForElect Director Robert R. McMaster 1.7


Mgmt ForForForElect Director John A. Miller 1.8


Mgmt ForForForElect Director P. Kelly Mooney 1.9


Mgmt ForForForElect Director Susan R. Mulder 1.10


Mgmt ForForForElect Director Denise Paulonis 1.11


Mgmt ForForForElect Director Edward W. Rabin 1.12



2


Spire, Inc.



Country: USA


Primary Security ID: 84857L101

Ticker: SR

Shares Voted: 8,800


VotingPolicy Rec

Vote Instruction

1.1 Elect Director Edward L. Glotzbach Mgmt For For For

Vote Summary Report




Spire, Inc.


VotingPolicy Rec

Vote Instruction


Mgmt ForForForElect Director Rob L. Jones 1.2


Mgmt ForForForElect Director John P. Stupp, Jr. 1.3



2


Valvoline Inc.



Country: USA



Ticker: VVV



VotingPolicy Rec

Vote Instruction

1a Elect Director Gerald W. Evans, Jr. Mgmt For For For

Voter Rationale: A vote FOR the director nominee(s) is warranted.

Mgmt ForForForElect Director Richard J. Freeland 1b


Mgmt ForForForElect Director Stephen F. Kirk 1c


Mgmt ForForForElect Director Carol H. Kruse 1d


Mgmt ForForForElect Director Stephen E. Macadam 1e


Mgmt ForForForElect Director Vada O. Manager 1f


Mgmt ForForForElect Director Samuel J. Mitchell, Jr. 1g


Mgmt ForForForElect Director Charles M. Sonsteby 1h


Vote Summary Report




Valvoline Inc.


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Mary J. Twinem 1i




3

Walgreens Boots Alliance, Inc.



Country: USA



Ticker: WBA



VotingPolicy Rec

Vote Instruction

1a Elect Director Jose E. Almeida Mgmt For For For

Mgmt ForForForElect Director Janice M. Babiak 1b

Mgmt ForForForElect Director David J. Brailer 1c

Mgmt ForForForElect Director William C. Foote 1d

Mgmt ForForForElect Director Ginger L. Graham 1e

Mgmt ForForForElect Director John A. Lederer 1f

Mgmt ForForForElect Director Dominic P. Murphy 1g

Mgmt ForForForElect Director Stefano Pessina 1h

Mgmt ForForForElect Director Nancy M. Schlichting 1i

Mgmt ForForForElect Director James A. Skinner 1j



3

SH ForForAgainstRequire Independent Board Chairman 4

Voter Rationale: A vote FOR this proposal is warranted. The company has underperformed its peers over the short and long term, and while the lead independent director role is robust, the lead independent director needs to effectively act as a counterweight to both a CEO and an executive chairman. An independent chair policy would simplify the current board leadership structure, which could promote more effective independent oversight and streamline responsibilities. Furthermore, this proposal is not overly prescriptive and would not require an immediate change to the current board leadership structure, providing the board with flexibility to appoint an independent chair at the next CEO transition.

Vote Summary Report




Walgreens Boots Alliance, Inc.


VotingPolicy Rec

Vote Instruction

SHAdopt a Policy on Bonus Banking *Withdrawn Resolution*

5

Voter Rationale: A vote FOR this item is warranted, as the proposal's request is not fully addressed by mechanisms currently in place and the proposal does not appear to be overly prescriptive. Although the pay-for-performance misalignment for the year in review is mitigated and the company maintains stock ownership guidelines and a clawback policy, the current ownership guidelines are not considered to be robust and the company does not maintain any holding requirements after awards have vested. In addition, while the company recently enhanced the clawback policy to include disclosure of any enforcement of the policy, the policy extends only to materially incorrect or restated financial results or misconduct including fraud or other conduct that could lead to a "for cause" termination. Therefore, the proposal's banking feature may provide additional safeguards for investors. Lastly, the proposal is not overly prescriptive and gives the board sufficient flexibility in implementation.

SH ForForAgainstReduce Ownership Threshold for Shareholders to Call Special Meeting

6

Voter Rationale: A vote FOR this proposal is warranted, as the proposed 10 percent ownership threshold would make the special meeting right more easily exercisable by institutional investors, while still providing protection against abuse.

WestRock Company



Country: USA


Primary Security ID: 96145D105

Ticker: WRK



VotingPolicy Rec

Vote Instruction

1a Elect Director Colleen F. Arnold Mgmt For For For

Mgmt ForForForElect Director Timothy J. Bernlohr 1b

Mgmt ForForForElect Director J. Powell Brown 1c

Mgmt ForForForElect Director Terrell K. Crews 1d

Mgmt ForForForElect Director Russell M. Currey 1e

Mgmt ForForForElect Director Suzan F. Harrison 1f

Mgmt ForForForElect Director John A. Luke, Jr. 1g

Mgmt ForForForElect Director Gracia C. Martore 1h

Mgmt ForForForElect Director James E. Nevels 1i

Mgmt ForForForElect Director Timothy H. Powers 1j

Mgmt ForForForElect Director Steven C. Voorhees 1k

Mgmt ForForForElect Director Bettina M. Whyte 1l

Mgmt ForForForElect Director Alan D. Wilson 1m

Vote Summary Report




WestRock Company


VotingPolicy Rec

Vote Instruction


2


Aon plc



Country: United Kingdom


Primary Security ID: G0408V102

Ticker: AON



VotingPolicy Rec

Vote Instruction

1 Approve Scheme of Arrangement Mgmt For Refer For

Mgmt ForReferForApprove Reduction of Share Capital and Creation of Distributable Profits

2

Mgmt ForReferForApprove Terms of an Off-Exchange Buyback and Cancellation of Class B Ordinary Shares

3

Mgmt ForReferForApprove Delisting of Shares from the New York Stock Exchange

4


Aon plc



Country: United Kingdom

Meeting Type: Court

Primary Security ID: G0408V102

Ticker: AON



VotingPolicy Rec

Vote Instruction

1 Approve Scheme of Arrangement Mgmt For Refer For

Emerson Electric Co.



Country: USA



Ticker: EMR

Vote Summary Report




Emerson Electric Co.



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Martin S. Craighead Mgmt For For For


Mgmt ForForForElect Director David N. Farr 1.2


Mgmt ForForForElect Director Gloria A. Flach 1.3


Mgmt ForForForElect Director Matthew S. Levatich 1.4




3

Mgmt ForForForDeclassify the Board of Directors 4

Voter Rationale: New Mexico favours unclassified board of directors.

Ingersoll-Rand plc



Country: Ireland


Primary Security ID: G47791101

Ticker: IR



VotingPolicy Rec

Vote Instruction

1 Change Company Name to Trane Technologies plc

Mgmt For Refer For

Oshkosh Corporation



Country: USA



Ticker: OSK

Vote Summary Report




Oshkosh Corporation



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Keith J. Allman Mgmt For For For

Mgmt ForForForElect Director Wilson R. Jones 1.2

Mgmt ForForForElect Director Tyrone M. Jordan 1.3

Mgmt ForForForElect Director Kimberley Metcalf-Kupres 1.4

Mgmt ForForForElect Director Stephen D. Newlin 1.5

Mgmt ForForForElect Director Raymond T. Odierno 1.6

Mgmt ForForForElect Director Craig P. Omtvedt 1.7

Mgmt ForForForElect Director Duncan J. Palmer 1.8

Mgmt ForForForElect Director Sandra E. Rowland 1.9

Mgmt ForForForElect Director John S. Shiely 1.10



3

Rockwell Automation, Inc.



Country: USA



Ticker: ROK

Shares Voted: 9,126


VotingPolicy Rec

Vote Instruction

A1 Elect Director Steven R. Kalmanson Mgmt For For For


Mgmt ForForForElect Director James P. Keane A2


Mgmt ForForForElect Director Pam Murphy A3


Mgmt ForForForElect Director Donald R. Parfet A4


Vote Summary Report




Rockwell Automation, Inc.


VotingPolicy Rec

Vote Instruction


B

Mgmt ForForForRatify Deloitte & Touche LLP as Auditors C

Mgmt ForForForApprove Omnibus Stock Plan D

Tiffany & Co.



Country: USA



Ticker: TIF

Shares Voted: 8,314


VotingPolicy Rec

Vote Instruction




Atmos Energy Corporation



Country: USA



Ticker: ATO

Shares Voted: 9,000


VotingPolicy Rec

Vote Instruction

1a Elect Director J. Kevin Akers Mgmt For For For


Mgmt ForForForElect Director Robert W. Best 1b


Mgmt ForForForElect Director Kim R. Cocklin 1c


Mgmt ForForForElect Director Kelly H. Compton 1d


Vote Summary Report




Atmos Energy Corporation


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Sean Donohue 1e


Mgmt ForForForElect Director Rafael G. Garza 1f


Mgmt ForForForElect Director Richard K. Gordon 1g


Mgmt ForForForElect Director Robert C. Grable 1h


Mgmt ForForForElect Director Nancy K. Quinn 1i


Mgmt ForForForElect Director Richard A. Sampson 1j


Mgmt ForForForElect Director Stephen R. Springer 1k


Mgmt ForForForElect Director Diana J. Walters 1l


Mgmt ForForForElect Director Richard Ware, II 1m




3

Edgewell Personal Care Company



Country: USA


Primary Security ID: 28035Q102

Ticker: EPC

Shares Voted: 9,400


VotingPolicy Rec

Vote Instruction

1a Elect Director Robert W. Black Mgmt For For For


Vote Summary Report




Edgewell Personal Care Company


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director George R. Corbin 1b


Mgmt ForForForElect Director Daniel J. Heinrich 1c


Mgmt ForForForElect Director Carla C. Hendra 1d


Mgmt ForForForElect Director R. David Hoover 1e


Mgmt ForForForElect Director John C. Hunter, III 1f


Mgmt ForForForElect Director James C. Johnson 1g


Mgmt ForForForElect Director Rod R. Little 1h


Mgmt ForForForElect Director Joseph D. O'Leary 1i


Mgmt ForForForElect Director Rakesh Sachdev 1j


Mgmt ForForForElect Director Gary K. Waring 1k



2


3


Tyson Foods, Inc.



Country: USA



Ticker: TSN

Vote Summary Report




Tyson Foods, Inc.



VotingPolicy Rec

Vote Instruction

1a Elect Director John Tyson Mgmt For For For

Mgmt ForForForElect Director Gaurdie E. Banister, Jr. 1b

Mgmt ForForForElect Director Dean Banks 1c

Mgmt ForForForElect Director Mike Beebe 1d

Mgmt ForForForElect Director Mikel A. Durham 1e

Mgmt ForForForElect Director Jonathan D. Mariner 1f

Mgmt ForForForElect Director Kevin M. McNamara 1g

Mgmt ForForForElect Director Cheryl S. Miller 1h

Mgmt ForForForElect Director Jeffrey K. Schomburger 1i

Mgmt ForForForElect Director Robert Thurber 1j

Mgmt AgainstReferForElect Director Barbara A. Tyson 1k

Mgmt ForForForElect Director Noel White 1l


2


3

SH ForForAgainstReport on Deforestation Impacts in Company's Supply Chain

4

SH ForForAgainstReport on Lobbying Payments and Policy 5

SH ForForAgainstReport on Human Rights Risk Assessment Process

6

SH ForForAgainstAdopt Share Retention Policy For Senior Executives

7

Franklin Resources, Inc.



Country: USA



Ticker: BEN



VotingPolicy Rec

Vote Instruction

1a Elect Director Peter K. Barker Mgmt For For For

Vote Summary Report




Franklin Resources, Inc.


VotingPolicy Rec

Vote Instruction

Voter Rationale: A vote FOR the director nominee is warranted.

Mgmt ForForForElect Director Mariann Byerwalter 1b


Mgmt ForForForElect Director Gregory E. Johnson 1c


Mgmt ForForForElect Director Jennifer M. Johnson 1d


Mgmt ForForForElect Director Rupert H. Johnson, Jr. 1e


Mgmt ForForForElect Director Anthony J. Noto 1f


Mgmt ForForForElect Director Mark C. Pigott 1g


Mgmt ForForForElect Director Laura Stein 1h


Mgmt ForForForElect Director Seth H. Waugh 1i


Mgmt ForForForElect Director Geoffrey Y. Yang 1j



2

Mgmt ForForForAmend Qualified Employee Stock Purchase Plan

3


4

PTC Inc.



Country: USA


Primary Security ID: 69370C100

Ticker: PTC



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Janice Chaffin Mgmt For For For

Vote Summary Report




PTC Inc.


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Phillip Fernandez 1.2

Mgmt ForForForElect Director James Heppelmann 1.3

Mgmt ForForForElect Director Klaus Hoehn 1.4

Mgmt ForForForElect Director Paul Lacy 1.5

Mgmt ForForForElect Director Corinna Lathan 1.6

Mgmt ForForForElect Director Blake Moret 1.7

Mgmt ForForForElect Director Robert Schechter 1.8


2

Voter Rationale: A vote AGAINST this proposal is warranted. The compensation committee has demonstrated only a degree of responsiveness to the previous year's failed say-on-pay vote. While the committee provided detailed disclosures regarding engagements, shareholder feedback, and some program improvements, certain aspects of executive pay were not adequately addressed. These include no changes to the CEO's significant off-cycle award made in 2018 or to a problematic catch-up feature in the equity incentive program. Shareholders should expect a robust response by the company following a failed say-on-pay vote.


3

Tech Data Corporation



Country: USA



Ticker: TECD

Shares Voted: 6,500


VotingPolicy Rec

Vote Instruction


Mgmt AgainstReferForAdvisory Vote on Golden Parachutes 2


Sanderson Farms, Inc.



Country: USA



Ticker: SAFM

Vote Summary Report




Sanderson Farms, Inc.

Shares Voted: 3,400


VotingPolicy Rec

Vote Instruction

Election of Five Class A Directors Mgmt

Mgmt ForForForElect Director David Barksdale 1.1

Mgmt ForForForElect Director Lampkin Butts 1.2

Mgmt ForForForElect Director Beverly W. Hogan 1.3

Mgmt ForForForElect Director Phil K. Livingston 1.4

Mgmt ForForForElect Director Joe F. Sanderson, Jr. 1.5

MgmtElection of One Class C Director

Mgmt ForForForElect Director Sonia Perez 1.1



3

Mgmt One YearOne YearOne YearAdvisory Vote on Say on Pay Frequency 4


SH AgainstAgainstAgainstReport on Water Resource Risks 6

SH ForForAgainstReport on Human Rights Due Diligence 7

Voter Rationale: A vote FOR this proposal is warranted, as additional information regarding the processes the company uses to identify and assess human rights impacts in its operations and supply chain would allow shareholders to better gauge how the company is managing human rights related risks.

Varian Medical Systems, Inc.



Country: USA


Primary Security ID: 92220P105

Ticker: VAR

Shares Voted: 6,997


VotingPolicy Rec

Vote Instruction

1a Elect Director Anat Ashkenazi Mgmt For For For


Mgmt ForForForElect Director Jeffrey R. Balser 1b


Vote Summary Report




Varian Medical Systems, Inc.


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Judy Bruner 1c


Mgmt ForForForElect Director Jean-Luc Butel 1d


Mgmt ForForForElect Director Regina E. Dugan 1e


Mgmt ForForForElect Director R. Andrew Eckert 1f


Mgmt ForForForElect Director Phillip G. Febbo 1g


Mgmt ForForForElect Director David J. Illingworth 1h


Mgmt ForForForElect Director Michelle M. Le Beau 1i


Mgmt ForForForElect Director Dow R. Wilson 1j



2


3


4

Raymond James Financial, Inc.



Country: USA



Ticker: RJF

Shares Voted: 9,700


VotingPolicy Rec

Vote Instruction

1.1 Elect Director Charles G. von Arentschildt Mgmt For For For


Mgmt ForForForElect Director Robert M. Dutkowsky 1.2


Vote Summary Report




Raymond James Financial, Inc.


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Jeffrey N. Edwards 1.3


Mgmt ForForForElect Director Benjamin C. Esty 1.4


Mgmt ForForForElect Director Anne Gates 1.5


Mgmt ForForForElect Director Francis S. Godbold 1.6


Mgmt ForForForElect Director Thomas A. James 1.7


Mgmt ForForForElect Director Gordon L. Johnson 1.8


Mgmt ForForForElect Director Roderick C. McGeary 1.9


Mgmt ForForForElect Director Paul C. Reilly 1.10


Mgmt ForForForElect Director Raj Seshadri 1.11


Mgmt ForForForElect Director Susan N. Story 1.12



2



Hill-Rom Holdings, Inc.



Country: USA



Ticker: HRC

Vote Summary Report




Hill-Rom Holdings, Inc.



VotingPolicy Rec

Vote Instruction

1.1 Elect Director William G. Dempsey Mgmt For For For


Mgmt ForForForElect Director Gary L. Ellis 1.2


Mgmt ForForForElect Director Stacy Enxing Seng 1.3


Mgmt ForForForElect Director Mary Garrett 1.4


Mgmt ForForForElect Director James R. Giertz 1.5


Mgmt ForForForElect Director John P. Groetelaars 1.6


Mgmt ForForForElect Director William H. Kucheman 1.7


Mgmt ForForForElect Director Ronald A. Malone 1.8


Mgmt ForForForElect Director Gregory J. Moore 1.9


Mgmt ForForForElect Director Felicia F. Norwood 1.10


Mgmt ForForForElect Director Nancy M. Schlichting 1.11



2


3


4

Vote Summary Report




Nordson Corporation



Country: USA



Ticker: NDSN

Shares Voted: 8,900


VotingPolicy Rec

Vote Instruction

1.1 Elect Director Sundaram Nagarajan Mgmt For For For


Mgmt ForForForElect Director Ginger M. Jones 1.2


Mgmt ForForForElect Director Joseph P. Keithley 1.3


Mgmt ForForForElect Director Michael J. Merriman, Jr. 1.4


Mgmt ForForForElect Director Mary G. Puma 1.5




3

Apple Inc.



Country: USA



Ticker: AAPL



VotingPolicy Rec

Vote Instruction

1a Elect Director James Bell Mgmt For For For

Mgmt ForForForElect Director Tim Cook 1b

Mgmt ForForForElect Director Al Gore 1c

Mgmt ForForForElect Director Andrea Jung 1d

Mgmt ForForForElect Director Art Levinson 1e

Mgmt ForForForElect Director Ron Sugar 1f

Mgmt ForForForElect Director Sue Wagner 1g

Vote Summary Report




Apple Inc.


VotingPolicy Rec

Vote Instruction



3

SH ForForAgainstProxy Access Amendments 4

SH AgainstAgainstAgainstAssess Feasibility of Including Sustainability as a Performance Measure for Senior Executive Compensation

5

SH ForForAgainstReport on Freedom of Expression and Access to Information Policies

6

Deere & Company



Country: USA



Ticker: DE



VotingPolicy Rec

Vote Instruction

1a Elect Director Samuel R. Allen Mgmt For For For

Mgmt ForForForElect Director Alan C. Heuberger 1b

Mgmt ForForForElect Director Charles O. Holliday, Jr. 1c

Mgmt ForForForElect Director Dipak C. Jain 1d

Mgmt ForForForElect Director Michael O. Johanns 1e

Mgmt ForForForElect Director Clayton M. Jones 1f

Mgmt ForForForElect Director John C. May 1g

Mgmt ForForForElect Director Gregory R. Page 1h

Mgmt ForForForElect Director Sherry M. Smith 1i

Mgmt ForForForElect Director Dmitri L. Stockton 1j

Mgmt ForForForElect Director Sheila G. Talton 1k

Mgmt AgainstAgainstForAdopt the Jurisdiction of Incorporation as the Exclusive Forum for Certain Disputes

2

Voter Rationale: A vote AGAINST this proposal is warranted, as the board has not articulated a compelling argument for restricting shareholders' litigation rights.


3


Vote Summary Report




Deere & Company


VotingPolicy Rec

Vote Instruction


SH AgainstAgainstAgainstDisclose Board Qualifications Matrix 6

Voter Rationale: A vote AGAINST this resolution is warranted for the following reasons:- Deere provides information regarding the experience and qualifications of director nominees; and- The practice is not an appropriate topic of inquiry in the nomination or selection process because political ideology should play no role in the execution of board responsibilities.

Tetra Tech, Inc.



Country: USA


Primary Security ID: 88162G103

Ticker: TTEK

Shares Voted: 9,600


VotingPolicy Rec

Vote Instruction

1A Elect Director Dan L. Batrack Mgmt For For For

Mgmt ForForForElect Director Gary R. Birkenbeuel 1B

Mgmt ForForForElect Director Patrick C. Haden 1C

Mgmt ForForForElect Director J. Christopher Lewis 1D

Mgmt ForForForElect Director Joanne M. Maguire 1E

Mgmt ForForForElect Director Kimberly E. Ritrievi 1F

Mgmt ForForForElect Director J. Kenneth Thompson 1G

Mgmt ForForForElect Director Kirsten M. Volpi 1H


2


3

Digital Realty Trust, Inc.



Country: USA



Ticker: DLR



VotingPolicy Rec

Vote Instruction

1 Issue Shares in Connection with Acquisition Mgmt For Refer For

Vote Summary Report




Digital Realty Trust, Inc.


VotingPolicy Rec

Vote Instruction


Jack in the Box Inc.



Country: USA



Ticker: JACK

Shares Voted: 4,500


VotingPolicy Rec

Vote Instruction

1a Elect Director Jean M. Birch Mgmt For For For


Mgmt ForForForElect Director Leonard A. Comma 1b


Mgmt ForForForElect Director John P. Gainor 1c


Mgmt ForForForElect Director David L. Goebel 1d


Mgmt ForForForElect Director Sharon P. John 1e


Mgmt ForForForElect Director Madeleine A. Kleiner 1f


Mgmt ForForForElect Director Michael W. Murphy 1g


Mgmt ForForForElect Director James M. Myers 1h


Mgmt ForForForElect Director David M. Tehle 1i


Mgmt ForForForElect Director Vivien M. Yeung 1j




3

Vote Summary Report




Helmerich & Payne, Inc.



Country: USA



Ticker: HP

Shares Voted: 8,512


VotingPolicy Rec

Vote Instruction

1a Elect Director Delaney M. Bellinger Mgmt For For For

Mgmt ForForForElect Director Kevin G. Cramton 1b

Mgmt ForForForElect Director Randy A. Foutch 1c

Mgmt ForForForElect Director Hans Helmerich 1d

Mgmt ForForForElect Director John W. Lindsay 1e

Mgmt ForForForElect Director Jose R. Mas 1f

Mgmt ForForForElect Director Thomas A. Petrie 1g

Mgmt ForForForElect Director Donald F. Robillard, Jr. 1h

Mgmt ForForForElect Director Edward B. Rust, Jr. 1i

Mgmt ForForForElect Director Mary M. VanDeWeghe 1j

Mgmt ForForForElect Director John D. Zeglis 1k



3


Cabot Microelectronics Corporation



Country: USA


Primary Security ID: 12709P103

Ticker: CCMP

Shares Voted: 5,100


VotingPolicy Rec

Vote Instruction

1.1 Elect Director Paul J. Reilly Mgmt For For For

Mgmt ForForForElect Director Geoffrey Wild 1.2


2


3

Vote Summary Report




Fair Isaac Corporation



Country: USA



Ticker: FICO

Shares Voted: 5,000


VotingPolicy Rec

Vote Instruction

1a Elect Director Braden R. Kelly Mgmt For For For

Mgmt ForForForElect Director Fabiola R. Arredondo 1b

Mgmt ForForForElect Director A. George Battle 1c

Mgmt ForForForElect Director James D. Kirsner 1d

Mgmt ForForForElect Director William J. Lansing 1e

Mgmt ForForForElect Director Eva Manolis 1f

Mgmt ForForForElect Director Marc F. McMorris 1g

Mgmt ForForForElect Director Joanna Rees 1h

Mgmt ForForForElect Director David A. Rey 1i



3


Johnson Controls International plc



Country: Ireland


Primary Security ID: G51502105

Ticker: JCI



VotingPolicy Rec

Vote Instruction

1a Elect Director Jean Blackwell Mgmt For For For

Mgmt ForForForElect Director Pierre Cohade 1b

Mgmt ForForForElect Director Michael E. Daniels 1c

Mgmt ForForForElect Director Juan Pablo del Valle Perochena 1d

Mgmt ForForForElect Director W. Roy Dunbar 1e

Mgmt ForForForElect Director Gretchen R. Haggerty 1f

Vote Summary Report




Johnson Controls International plc


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Simone Menne 1g

Mgmt ForForForElect Director George R. Oliver 1h

Mgmt ForForForElect Director Jurgen Tinggren 1i

Mgmt ForForForElect Director Mark Vergnano 1j

Mgmt ForForForElect Director R. David Yost 1k

Mgmt ForForForElect Director John D. Young 1l


2a

Mgmt ForForForAuthorize Board to Fix Remuneration of Auditors

2b

Mgmt ForForForAuthorize Market Purchases of Company Shares

3

Mgmt ForForForDetermine Price Range for Reissuance of Treasury Shares

4


5

Mgmt ForForForApprove the Directors' Authority to Allot Shares

6

Mgmt ForForForApprove the Disapplication of Statutory Pre-Emption Rights

7

AmerisourceBergen Corporation



Country: USA


Primary Security ID: 03073E105

Ticker: ABC



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Ornella Barra Mgmt For For For

Mgmt ForForForElect Director Steven H. Collis 1.2

Mgmt ForForForElect Director D. Mark Durcan 1.3

Mgmt ForForForElect Director Richard W. Gochnauer 1.4

Mgmt ForForForElect Director Lon R. Greenberg 1.5

Mgmt ForForForElect Director Jane E. Henney 1.6

Mgmt ForForForElect Director Kathleen W. Hyle 1.7

Vote Summary Report




AmerisourceBergen Corporation


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Michael J. Long 1.8

Mgmt ForForForElect Director Henry W. McGee 1.9

Mgmt ForForForElect Director Dennis M. Nally 1.10



3

SH ForForAgainstProvide Right to Act by Written Consent 4

Voter Rationale: A vote FOR this proposal is warranted given that the ability to act by written consent would enhance shareholder rights.

SH ForForAgainstAdopt Policy on Bonus Banking 5

Voter Rationale: A vote FOR this proposal is warranted, as the proposal's request is not fully addressed by mechanisms in place and the proposal does not appear to be overly prescriptive. Although pay and performance were aligned for the year in review and the company maintains stock ownership guidelines and a clawback policy, the current ownership guidelines are not considered to be robust and the company does not maintain any holding requirements after the guideline is met. The proposal's banking feature may provide additional safeguards for investors and is not overly prescriptive, giving the board sufficient flexibility in implementation.

Hologic, Inc.



Country: USA



Ticker: HOLX



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Stephen P. MacMillan Mgmt For For For


Mgmt ForForForElect Director Sally W. Crawford 1.2


Mgmt ForForForElect Director Charles J. Dockendorff 1.3


Mgmt ForForForElect Director Scott T. Garrett 1.4


Mgmt ForForForElect Director Ludwig N. Hantson 1.5


Vote Summary Report




Hologic, Inc.


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Namal Nawana 1.6


Mgmt ForForForElect Director Christiana Stamoulis 1.7


Mgmt ForForForElect Director Amy M. Wendell 1.8



2


WPX Energy, Inc.



Country: USA


Primary Security ID: 98212B103

Ticker: WPX



VotingPolicy Rec

Vote Instruction

1 Issue Shares in Connection with Acquisition Mgmt For Refer For


AECOM



Country: USA


Primary Security ID: 00766T100

Ticker: ACM



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Robert G. Card Mgmt For For For

Mgmt ForForForElect Director Peter A. Feld 1.2

Mgmt ForForForElect Director William H. Frist 1.3

Mgmt ForForForElect Director Jacqueline C. Hinman 1.4

Mgmt ForForForElect Director Steven A. Kandarian 1.5

Vote Summary Report




AECOM


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Robert J. Routs 1.6

Mgmt ForForForElect Director Clarence T. Schmitz 1.7

Mgmt ForForForElect Director Douglas W. Stotlar 1.8

Mgmt ForForForElect Director Daniel R. Tishman 1.9

Mgmt ForForForElect Director Janet C. Wolfenbarger 1.10




4

SH ForForAgainstProvide Right to Act by Written Consent 5

Voter Rationale: A vote FOR this proposal is warranted given that the ability to act by written consent would enhance shareholder rights.

QUALCOMM Incorporated



Country: USA



Ticker: QCOM



VotingPolicy Rec

Vote Instruction

1a Elect Director Mark Fields Mgmt For For For


Mgmt ForForForElect Director Jeffrey W. Henderson 1b


Mgmt ForForForElect Director Ann M. Livermore 1c


Mgmt ForForForElect Director Harish Manwani 1d


Mgmt ForForForElect Director Mark D. McLaughlin 1e


Mgmt ForForForElect Director Steve Mollenkopf 1f


Vote Summary Report




QUALCOMM Incorporated


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Clark T. "Sandy" Randt, Jr. 1g


Mgmt ForForForElect Director Irene B. Rosenfeld 1h


Mgmt ForForForElect Director Kornelis "Neil" Smit 1i


Mgmt ForForForElect Director Anthony J. Vinciquerra 1j



2



4

Voter Rationale: A vote AGAINST this proposal is warranted. For FY2019, the CEO received a $3.6 million special, fully vested equity award in connection with the settlement and multi-year license and supply agreements entered into with Apple and related parties. While the rationale for the special award is compelling, there are insufficiently mitigated concerns surrounding both the decision to grant special equity awards in two consecutive years and the absence of any performance- or service-vesting criteria attached to this year's award. Concerns are also noted with respect to the magnitude of the CEO's annual LTI awards. While the company's long-term performance has trailed peers as of the end of FY2019, the CEO received a $2 million increase to the annualized value of his target LTI opportunity for the second consecutive year, bringing the target annual value of his long-term incentives in line with median total pay of company-selected peers.

Mgmt One YearOne YearOne YearAdvisory Vote on Say on Pay Frequency 5

Toll Brothers, Inc.



Country: USA



Ticker: TOL



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Robert I. Toll Mgmt For For For


Mgmt ForForForElect Director Douglas C. Yearley, Jr. 1.2


Mgmt ForForForElect Director Edward G. Boehne 1.3


Vote Summary Report




Toll Brothers, Inc.


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Richard J. Braemer 1.4


Mgmt ForForForElect Director Stephen F. East 1.5


Mgmt ForForForElect Director Christine N. Garvey 1.6


Mgmt ForForForElect Director Karen H. Grimes 1.7


Mgmt ForForForElect Director Carl B. Marbach 1.8


Mgmt ForForForElect Director John A. McLean 1.9


Mgmt ForForForElect Director Stephen A. Novick 1.10


Mgmt ForForForElect Director Wendell E. Pritchett 1.11


Mgmt ForForForElect Director Paul E. Shapiro 1.12




3

Analog Devices, Inc.



Country: USA



Ticker: ADI



VotingPolicy Rec

Vote Instruction

1a Elect Director Ray Stata Mgmt For For For


Vote Summary Report




Analog Devices, Inc.


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Vincent Roche 1b


Mgmt ForForForElect Director James A. Champy 1c


Mgmt ForForForElect Director Anantha P. Chandrakasan 1d


Mgmt ForForForElect Director Bruce R. Evans 1e


Mgmt ForForForElect Director Edward H. Frank 1f


Mgmt ForForForElect Director Karen M. Golz 1g


Mgmt ForForForElect Director Mark M. Little 1h


Mgmt ForForForElect Director Kenton J. Sicchitano 1i


Mgmt ForForForElect Director Susie Wee 1j



2



National Fuel Gas Company



Country: USA



Ticker: NFG



VotingPolicy Rec

Vote Instruction

1.1 Elect Director David H. Anderson Mgmt For For For

Mgmt ForForForElect Director David P. Bauer 1.2

Vote Summary Report




National Fuel Gas Company


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Barbara M. Baumann 1.3

Mgmt ForForForElect Director Jeffrey W. Shaw 1.4

Mgmt ForForForElect Director Thomas E. Skains 1.5

Mgmt ForForForElect Director Ronald J. Tanski 1.6


2


3

SH ForForAgainstDeclassify the Board of Directors 4


TE Connectivity Ltd.



Country: Switzerland


Primary Security ID: H84989104

Ticker: TEL



VotingPolicy Rec

Vote Instruction

1a Elect Director Pierre R. Brondeau Mgmt For For For

Mgmt ForForForElect Director Terrence R. Curtin 1b

Mgmt ForForForElect Director Carol A. ('John') Davidson 1c

Mgmt ForForForElect Director Lynn A. Dugle 1d

Mgmt ForForForElect Director William A. Jeffrey 1e

Mgmt ForForForElect Director David M. Kerko 1f

Mgmt ForForForElect Director Thomas J. Lynch 1g

Mgmt ForForForElect Director Yong Nam 1h

Mgmt ForForForElect Director Daniel J. Phelan 1i

Mgmt ForForForElect Director Abhijit Y. Talwalkar 1j

Mgmt ForForForElect Director Mark C. Trudeau 1k

Mgmt ForForForElect Director Dawn C. Willoughby 1l

Mgmt ForForForElect Director Laura H. Wright 1m

Mgmt ForForForElect Board Chairman Thomas J. Lynch 2

Vote Summary Report






VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Daniel J. Phelan as Member of Management Development and Compensation Committee

3a

Mgmt ForForForElect Abhijit Y. Talwalkar as Member of Management Development and Compensation Committee

3b

Mgmt ForForForElect Mark C. Trudeau as Member of Management Development and Compensation Committee

3c

Mgmt ForForForElect Dawn C. Willoughby as Member of Management Development and Compensation Committee

3d

Mgmt ForForForDesignate Rene Schwarzenbach as Independent Proxy

4

Mgmt ForForForAccept Annual Report for Fiscal Year Ended September 27, 2019

5.1

Mgmt ForForForAccept Statutory Financial Statements for Fiscal Year Ended September 27, 2019

5.2

Mgmt ForForForApprove Consolidated Financial Statements for Fiscal Year Ended September 27, 2019

5.3

Mgmt ForForForApprove Discharge of Board and Senior Management

6

Mgmt ForForForRatify Deloitte & Touche LLP as Independent Registered Public Accounting Firm for Fiscal Year 2020

7.1

Mgmt ForForForRatify Deloitte AG as Swiss Registered Auditors

7.2

Mgmt ForForForRatify PricewaterhouseCoopers AG as Special Auditors

7.3


8

Mgmt ForForForApprove the Increase in Maximum Aggregate Remuneration of Executive Management

9

Mgmt ForForForApprove the Increase in Maximum Aggregate Remuneration of Board of Directors

10

Mgmt ForForForApprove Allocation of Available Earnings at September 27, 2019

11

Mgmt ForForForApprove Declaration of Dividend 12

Mgmt AgainstAgainstForAmend Articles of Association Re: Authorized Capital

13

Voter Rationale: A vote AGAINST this resolution is warranted because the issuance request would result in a potentially excessive dilution of more than 10 percent.

Mgmt ForForForApprove Reduction of Share Capital 14

Vote Summary Report






VotingPolicy Rec

Vote Instruction

Mgmt AgainstAgainstForAdjourn Meeting 15

Voter Rationale: A vote AGAINST this proposal is warranted given that it is not narrowly crafted and there is an item on the agenda that does not warrant support.

The Walt Disney Company



Country: USA



Ticker: DIS



VotingPolicy Rec

Vote Instruction

1a Elect Director Susan E. Arnold Mgmt For For For

Mgmt ForForForElect Director Mary T. Barra 1b

Mgmt ForForForElect Director Safra A. Catz 1c

Mgmt ForForForElect Director Francis A. deSouza 1d

Mgmt ForForForElect Director Michael B.G. Froman 1e

Mgmt ForForForElect Director Robert A. Iger 1f

Mgmt ForForForElect Director Maria Elena Lagomasino 1g

Mgmt ForForForElect Director Mark G. Parker 1h

Mgmt ForForForElect Director Derica W. Rice 1i


2


3

Voter Rationale: A vote AGAINST this proposal is warranted. Although meaningful improvements were made to address shareholders' concerns, including the elimination of certain compensation increases the CEO would otherwise be contractually entitled to, there remain significant concerns regarding CEO pay magnitude and structure. Specifically, the CEO's base salary is more than double that of company peers at $3 million. The CEO's target and maximum annual incentive pay opportunities remain set at $12 million and $24 million, which is 400 percent and 800 percent of base salary, respectively. This resulted in an annual incentive award for 2019 that exceeded the CEO total pay peer median. In addition, performance awards under the LTI program continue to target merely median performance, while goals under the STI program are only disclosed as a range, with specific target goals undisclosed.



Voter Rationale: A vote FOR this proposal is warranted, as additional disclosure of the company's indirect lobbying-related oversight mechanisms, along with its trade association payments, would help shareholders better assess the risks and benefits associated with the company's participation in the public policy process.

Vote Summary Report




Adient plc



Country: Ireland


Primary Security ID: G0084W101

Ticker: ADNT



VotingPolicy Rec

Vote Instruction

1a Elect Director Julie L. Bushman Mgmt For For For


Mgmt ForForForElect Director Peter H. Carlin 1b


Mgmt ForForForElect Director Raymond L. Conner 1c


Mgmt ForForForElect Director Douglas G. Del Grosso 1d


Mgmt ForForForElect Director Richard Goodman 1e


Mgmt ForForForElect Director Jose M. Gutierrez 1f


Mgmt ForForForElect Director Frederick A. "Fritz" Henderson 1g


Mgmt ForForForElect Director Barb J. Samardzich 1h


Mgmt ForForForApprove PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration

2


3

Mgmt ForForForAmend Non Employee Director Restricted Stock Plan

4

Applied Materials, Inc.



Country: USA



Ticker: AMAT

Vote Summary Report




Applied Materials, Inc.



VotingPolicy Rec

Vote Instruction

1a Elect Director Judy Bruner Mgmt For For For

Mgmt ForForForElect Director Xun (Eric) Chen 1b

Mgmt ForForForElect Director Aart J. de Geus 1c

Mgmt ForForForElect Director Gary E. Dickerson 1d

Mgmt ForForForElect Director Stephen R. Forrest 1e

Mgmt ForForForElect Director Thomas J. Iannotti 1f

Mgmt ForForForElect Director Alexander A. Karsner 1g

Mgmt ForForForElect Director Adrianna C. Ma 1h

Mgmt ForForForElect Director Yvonne McGill 1i

Mgmt ForForForElect Director Scott A. McGregor 1j


2


Mgmt ForForForProvide Right to Act by Written Consent 4

Cabot Corporation



Country: USA



Ticker: CBT



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Juan Enriquez Mgmt For For For

Mgmt ForForForElect Director Sean D. Keohane 1.2

Mgmt ForForForElect Director William C. Kirby 1.3


2


Vote Summary Report




F5 Networks, Inc.



Country: USA



Ticker: FFIV

Shares Voted: 4,636


VotingPolicy Rec

Vote Instruction

1a Elect Director A. Gary Ames Mgmt For For For


Mgmt ForForForElect Director Sandra E. Bergeron 1b


Mgmt ForForForElect Director Deborah L. Bevier 1c


Mgmt ForForForElect Director Michel Combes 1d


Mgmt ForForForElect Director Michael L. Dreyer 1e


Mgmt ForForForElect Director Alan J. Higginson 1f


Mgmt ForForForElect Director Peter S. Klein 1g


Mgmt ForForForElect Director Francois Locoh-Donou 1h


Mgmt ForForForElect Director Nikhil Mehta 1i


Mgmt ForForForElect Director Marie E. Myers 1j




3


4

LogMeIn, Inc.



Country: USA



Ticker: LOGM

Vote Summary Report




LogMeIn, Inc.

Shares Voted: 9,800


VotingPolicy Rec

Vote Instruction




MAXIMUS, Inc.



Country: USA



Ticker: MMS



VotingPolicy Rec

Vote Instruction

1a Elect Director Gayathri Rajan Mgmt For For For

Mgmt ForForForElect Director Michael J. Warren 1b

Mgmt ForForForDeclassify the Board of Directors 2




4


Voter Rationale: A vote FOR this proposal is warranted, as additional disclosure of the company's direct and indirect lobbying-related expenditures would help shareholders better assess the risks and benefits associated with the company's participation in the public policy process.

SYNNEX Corporation



Country: USA



Ticker: SNX

Shares Voted: 8,202


VotingPolicy Rec

Vote Instruction

1.1 Elect Director Kevin Murai Mgmt For For For

Vote Summary Report




SYNNEX Corporation


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Dwight Steffensen 1.2

Mgmt ForForForElect Director Dennis Polk 1.3

Mgmt ForForForElect Director Fred Breidenbach 1.4

Mgmt ForForForElect Director Laurie Simon Hodrick 1.5

Mgmt ForForForElect Director Hau Lee 1.6

Mgmt WithholdReferForElect Director Matthew Miau 1.7

Mgmt ForForForElect Director Gregory Quesnel 1.8

Mgmt ForForForElect Director Ann Vezina 1.9

Mgmt ForForForElect Director Thomas Wurster 1.10

Mgmt ForForForElect Director Duane Zitzner 1.11

Mgmt ForForForElect Director Andrea Zulberti 1.12


2



The Toro Company



Country: USA



Ticker: TTC



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Jeffrey M. Ettinger Mgmt For For For


Mgmt ForForForElect Director Katherine J. Harless 1.2


Mgmt ForForForElect Director D. Christian Koch 1.3




3

Vote Summary Report




Starbucks Corporation



Country: USA



Ticker: SBUX



VotingPolicy Rec

Vote Instruction

1a Elect Director Richard E. Allison, Jr. Mgmt For For For

Mgmt ForForForElect Director Rosalind G. Brewer 1b

Mgmt ForForForElect Director Andrew Campion 1c

Mgmt ForForForElect Director Mary N. Dillon 1d

Mgmt ForForForElect Director Isabel Ge Mahe 1e

Mgmt ForForForElect Director Mellody Hobson 1f

Mgmt ForForForElect Director Kevin R. Johnson 1g

Mgmt ForForForElect Director Jorgen Vig Knudstorp 1h

Mgmt ForForForElect Director Satya Nadella 1i

Mgmt ForForForElect Director Joshua Cooper Ramo 1j

Mgmt ForForForElect Director Clara Shih 1k

Mgmt ForForForElect Director Javier G. Teruel 1l

Mgmt ForForForElect Director Myron E. Ullman, III 1m


2


SH AgainstAgainstAgainstReport on Risks of Omitting Viewpoint and Ideology from EEO Policy

4

The Cooper Companies, Inc.



Country: USA



Ticker: COO

Shares Voted: 3,800


VotingPolicy Rec

Vote Instruction

1.1 Elect Director A. Thomas Bender Mgmt For For For


Vote Summary Report




The Cooper Companies, Inc.


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Colleen E. Jay 1.2


Mgmt ForForForElect Director William A. Kozy 1.3


Mgmt ForForForElect Director Jody S. Lindell 1.4


Mgmt ForForForElect Director Gary S. Petersmeyer 1.5


Mgmt ForForForElect Director Allan E. Rubenstein 1.6


Mgmt ForForForElect Director Robert S. Weiss 1.7


Mgmt ForForForElect Director Albert G. White, III 1.8



Mgmt ForForForApprove Non-Employee Director Omnibus Stock Plan

3


4

Arrowhead Pharmaceuticals, Inc.



Country: USA


Primary Security ID: 04280A100

Ticker: ARWR



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Christopher Anzalone Mgmt For For For

Mgmt ForForForElect Director Marianne De Backer 1.2

Mgmt ForForForElect Director Mauro Ferrari 1.3

Mgmt ForForForElect Director Douglass Given 1.4

Mgmt ForForForElect Director Michael S. Perry 1.5

Mgmt ForForForElect Director William Waddill 1.6

Vote Summary Report




Arrowhead Pharmaceuticals, Inc.


VotingPolicy Rec

Vote Instruction


2

Mgmt ForForForAdopt Majority Voting for Uncontested Election of Directors

3

Mgmt ForForForRatify Rose, Snyder & Jacobs LLP as Auditors 4

Keysight Technologies, Inc.



Country: USA



Ticker: KEYS



VotingPolicy Rec

Vote Instruction

1.1 Elect Director Paul N. Clark Mgmt For For For


Mgmt ForForForElect Director Richard P. Hamada 1.2


Mgmt ForForForElect Director Paul A. Lacouture 1.3



2


3

TransDigm Group Incorporated



Country: USA



Ticker: TDG

Shares Voted: 3,800


VotingPolicy Rec

Vote Instruction

1.1 Elect Director David Barr Mgmt For For For

Mgmt ForForForElect Director William Dries 1.2

Mgmt ForReferForElect Director Mervin Dunn 1.3

Vote Summary Report




TransDigm Group Incorporated


VotingPolicy Rec

Vote Instruction

Mgmt ForReferForElect Director Michael S. Graff 1.4

Mgmt ForReferForElect Director Sean P. Hennessy 1.5

Mgmt ForForForElect Director W. Nicholas Howley 1.6

Mgmt ForForForElect Director Raymond F. Laubenthal 1.7

Mgmt ForForForElect Director Gary E. McCullough 1.8

Mgmt ForForForElect Director Michele Santana 1.9

Mgmt ForReferForElect Director Robert J. Small 1.10

Mgmt ForForForElect Director John Staer 1.11

Mgmt ForForForElect Director Kevin Stein 1.12


2


SH ForForAgainstAdopt Quantitative Company-wide GHG Goals 4

Broadcom Inc.



Country: USA


Primary Security ID: 11135F101

Ticker: AVGO



VotingPolicy Rec

Vote Instruction

1a Elect Director Hock E. Tan Mgmt For For For


Mgmt ForForForElect Director Henry Samueli 1b


Mgmt ForForForElect Director Eddy W. Hartenstein 1c


Mgmt ForForForElect Director Diane M. Bryant 1d


Mgmt ForForForElect Director Gayla J. Delly 1e


Vote Summary Report




Broadcom Inc.


VotingPolicy Rec

Vote Instruction

Mgmt ForForForElect Director Raul J. Fernandez 1f


Mgmt ForForForElect Director Check Kian Low 1g


Mgmt ForForForElect Director Justine F. Page 1h


Mgmt ForForForElect Director Harry L. You 1i



2


3

Voter Rationale: A vote AGAINST this proposal is warranted. Concerns are raised regarding the multi-year equity grants to certain NEOs that are intended to equate to four years of annual equity awards. While the grants are half performance-based, they include multiple vesting opportunities and the goals are not particularly rigorous. Multi-year grants can limit the compensation committee's ability to adjust pay levels over the period.

acuity brands, inc. proxy vote summary report for 1st q… · 1.4 elect director frank s. hermance...

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