Sector: Information Technology
VIASAT INC · Meeting: September 3, 2026
Directors FOR
3
Directors AGAINST
0
Say on Pay
FOR
Auditor
AGAINST
Election of Directors
Dankberg is the founder and long-tenured CEO/Chairman; Viasat's 3-year stock return of +139.4% outperforms the peer median by +57.6 percentage points, which is below the 65-point threshold required to trigger a vote against under the strong-positive TSR policy, so no TSR concern applies, and no other disqualifying flags were identified.
LaPlante joined the board in 2025, which is within the 24-month new-director exemption window, so he is fully exempt from the TSR trigger; he brings relevant defense and national security expertise, and no other disqualifying flags were identified.
Paull joined the board in 2025, which is within the 24-month new-director exemption window, so he is fully exempt from the TSR trigger; he brings relevant consumer technology and media expertise, and no other disqualifying flags were identified.
All three Class III nominees pass policy screens: Viasat's 3-year TSR of +139.4% outperforms its compensation peer group median by +57.6 percentage points, well below the 65-point threshold needed to trigger an against vote for the strong-positive TSR tier, and the two newer directors (LaPlante and Paull, both joining in 2025) are within the 24-month exemption window. No overboarding, attendance, independence, or familial relationship concerns were identified.
CEO
Mark Dankberg
Total Comp
$7,882,902
Prior Support
95%+%
The CEO's total reported compensation of $7,882,902 (per the pre-extracted database figure) is within a reasonable range for a CEO at a $10 billion technology company, and the prior say-on-pay vote received over 95% support, well above the 70% threshold that would require visible corrective action. The company's pay structure is strongly performance-oriented — approximately 91% of CEO total direct compensation is variable or incentive-based, including performance stock awards tied to 3-year cumulative Adjusted EBITDA and free cash flow goals with a relative total shareholder return modifier versus the Russell 3000, and time-based restricted stock units — easily clearing the 50-60% variable pay minimum. The company has a meaningful clawback policy covering both mandatory Dodd-Frank recovery and a broader misconduct-based clawback, stock ownership guidelines, and has demonstrated responsiveness to shareholder feedback over multiple years, all of which support a favorable vote.
Auditor
PricewaterhouseCoopers LLP
Tenure
34 yrs
Audit Fees
$7,338,806
Non-Audit Fees
$879,138
PricewaterhouseCoopers has served as Viasat's auditor since fiscal year 1992, a relationship of approximately 34 years, which exceeds the policy's 25-year tenure threshold that triggers a vote against unless the audit committee provides a specific and compelling rationale for continued engagement. The proxy does not disclose any such rationale — no mention of exceptional audit quality metrics, recent lead partner rotation disclosures, or a concrete multi-year rotation plan. The non-audit fee ratio (audit-related fees of $870,138 plus all other fees of $9,000, totaling $879,138, against audit fees of $7,338,806) is approximately 12%, which is well within the 50% threshold and raises no independence concern, but the tenure trigger alone is sufficient to warrant a vote against.
Viasat's 2026 annual meeting presents three standard proposals: we vote FOR all three director nominees given strong 3-year stock performance relative to peers and clean governance screens, AGAINST auditor ratification solely due to PricewaterhouseCoopers' 34-year tenure with no disclosed rotation plan or compelling justification for continuation, and FOR the say-on-pay proposal given a heavily performance-weighted pay structure, 95%+ prior-year support, and demonstrated responsiveness to shareholder feedback. No stockholder proposals appear on this ballot.
19 companies disclosed in 2026 proxy filing