10 nominees · 3 ballot items.
Elect 10 directors; ratify PwC as independent auditor; advisory vote on executive compensation.
Elect the 10 nominees listed to the Board for one-year terms.
Ratify PricewaterhouseCoopers LLP as Biogen’s independent registered public accounting firm for fiscal year 2026.
Proposal asks stockholders to ratify PwC as independent auditor for 2026. Management seeks approval as good governance practice though not required; Audit Committee oversees auditor selection and periodic rotation of lead partners, believes PwC independence and experience supports continued retention; ratification provides shareholder input but committee can change engagement regardless of vote.
Non-binding advisory vote to approve the compensation of named executive officers as disclosed in the proxy statement.
Non-binding advisory vote asking stockholders to approve NEO compensation. Management argues programs are performance-based, with STI and LTI structures, stockholder engagement informed changes for 2026, and CMDC will consider vote outcome in future decisions; proposal is routine, non-binding, and abstentions count as against.
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | PRIMECAP MANAGEMENT CO/CA/ | 10.00% | 14,757,607 | $2.7B |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 6.46% | 9,537,417 | $1.7B |
| 3 | FMR LLC | 5.61% | 8,285,749 | $1.5B |
| 4 | STATE STREET CORP | 4.86% | 7,167,922 | $1.3B |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 4.42% | 6,531,727 | $1.2B |
| 6 | BlackRock, Inc. | 3.95% | 5,828,187 | $1.1B |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 2.62% | 3,871,293 | $707M |
| 8 | BlackRock, Inc. | 2.13% | 3,146,675 | $577M |
| 9 | WELLINGTON MANAGEMENT GROUP LLP | 1.94% | 2,860,725 | $524M |
| 10 | AQR CAPITAL MANAGEMENT LLC | 1.27% | 1,873,057 | $337M |
The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.
This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.
None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.
No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.