Not independent
Tenure on this board
14.1 yrs
Meeting calendar
MATX · Annual meeting · Thursday, April 23, 2026
Matson Inc
7 nominees · 3 ballot items.
Shareholders will vote to elect seven directors, approve on an advisory basis the compensation of the named executive officers (say-on-pay), and ratify Deloitte & Touche LLP as the company’s independent registered public accounting firm for 2026.
Market cap
$6.3B
1Y TSR
+83.2%
Board grade
B+
Record date
Feb 20, 2026
Filing
DEF 14A
Meeting concluded · Apr 23, 2026
Follow how the vote landed and what changed on Matson Inc’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.
Proposals
On the ballot3
- 1
Election of Directors
ManagementBoard: FORElect the seven director nominees named in the proxy statement to serve until the next Annual Meeting and until their successors are duly elected and qualified.
- 2
Advisory Vote to Approve Executive Compensation (Say-on-Pay
ManagementBoard: FORNon-binding, advisory vote to approve the compensation of the named executive officers as disclosed in the proxy statement.
More detail
This non-binding advisory proposal asks shareholders to approve Matson’s disclosed executive compensation programs for its named executive officers. Management is seeking approval to validate its pay-for-performance approach, which emphasizes variable, at-risk compensation (approximately 83% of the CEO’s and ~68% of other NEOs’ target pay in 2025), multi-year Performance Shares tied to ROIC and relative TSR, annual cash incentives tied to consolidated EBITDA and individual goals, and time-based RSUs for retention. The Compensation Committee highlights recent results—below-target EBITDA but strong individual performance and superior three-year ROIC and TSR that produced outsized Performance Share payouts—to argue the program appropriately links pay to multi-year outcomes. The Board frames supplemental governance protections (no hedging or pledging, clawback policy, minimum vesting periods, double-trigger change-in-control provisions, ownership guidelines) as further reasons to support the program. Because the vote is advisory, the Board intends to consider the outcome when making future compensation decisions and continues annual say-on-pay votes. Investors evaluating the proposal should weigh the program’s emphasis on long-term metrics and demonstrated strong multi-year returns against shorter-term EBITDA variability and realized pay outcomes driven by equity valuation changes. Given the Compensation Committee’s use of independent consultants, peer benchmarking, disclosure of pay-versus-performance reconciliation, and the Board’s explicit recommendation, management concludes a FOR vote supports continuity of the current program and its alignment with shareholder interests.
- 3
Ratification of Appointment of Independent Registered Public Accounting Firm
ManagementBoard: FORRatify the appointment of Deloitte & Touche LLP as Matson’s independent registered public accounting firm for the year ending December 31, 2026.
Director elections
Nominees on the ballot7
Independent
Tenure on this board
10.5 yrs
Independent
Tenure on this board
6.2 yrs
Independent
Tenure on this board
8.2 yrs
Independent
Tenure on this board
22.2 yrs
Independent
Tenure on this board
2.2 yrs
Also a director at
Boeing Co (BA)
Independent
Tenure on this board
7.2 yrs
Ownership
Latest 13F quarterTop institutional holders10
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | BlackRock, Inc. | 11.1% | 3,357,352 | $550M |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 6.7% | 2,025,537 | $332M |
| 3 | DIMENSIONAL FUND ADVISORS LP | 6.2% | 1,865,598 | $306M |
| 4 | AMERICAN CENTURY COMPANIES INC | 5.0% | 1,502,657 | $246M |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 4.4% | 1,328,304 | $218M |
| 6 | STATE STREET CORP | 4.0% | 1,207,716 | $198M |
| 7 | BlackRock, Inc. | 3.5% | 1,060,997 | $174M |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 2.2% | 664,593 | $109M |
| 9 | Capital Research Global Investors | 2.1% | 635,093 | $104M |
| 10 | FULLER THALER ASSET MANAGEMENT, INC. | 2.0% | 613,241 | $101M |
Peers
Nearest market capOther Industrials sector meetings6
Upcoming shareholder meetings at Matson Inc’s closest sector peers — compare boards, ballots, and ownership across the cohort.
EnersysENS
Annual meeting·Aug 6, 2026·$7.4B
Booz Allen Hamilton Holding CorpBAH
Annual meeting·Jul 22, 2026·$7.7B
American Superconductor CorpAMSC
Annual meeting·Jul 31, 2026·$1.7B
Graham CorpGHM
Annual meeting·Aug 25, 2026·$1.3B
Cra International IncCRAI
Annual meeting·Jul 16, 2026·$1.1B
Power Solutions International IncPSIX
Annual meeting·Jul 23, 2026·$771M
Reference
Frequently asked questions
- When is the Matson Inc 2026 annual meeting?
- Matson Inc (MATX) holds its 2026 annual shareholder meeting on Thursday, April 23, 2026.
- What is the record date for the Matson Inc 2026 meeting?
- The record date for the Matson Inc 2026 meeting is Friday, February 20, 2026. Shareholders of record on or before that date are eligible to vote.
- Who are the director nominees for Matson Inc's 2026 meeting?
- The board is presenting 7 director nominees at the Matson Inc 2026 meeting, listed with their independence status and background.
- What proposals will shareholders vote on at the Matson Inc 2026 meeting?
- Shareholders will vote on 3 proposals at the Matson Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.
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