<SEC-DOCUMENT>0001214659-22-001927.txt : 20220207
<SEC-HEADER>0001214659-22-001927.hdr.sgml : 20220207
<ACCEPTANCE-DATETIME>20220204175659
ACCESSION NUMBER:		0001214659-22-001927
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220207
DATE AS OF CHANGE:		20220204
EFFECTIVENESS DATE:		20220207

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAXIMUS, INC.
		CENTRAL INDEX KEY:			0001032220
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				541000588
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12997
		FILM NUMBER:		22594914

	BUSINESS ADDRESS:	
		STREET 1:		ATTN: TREASURY DEPT.
		STREET 2:		1891 METRO CENTER DRIVE
		CITY:			RESTON
		STATE:			VA
		ZIP:			20190
		BUSINESS PHONE:		7032518500

	MAIL ADDRESS:	
		STREET 1:		ATTN: TREASURY DEPT.
		STREET 2:		1891 METRO CENTER DRIVE
		CITY:			RESTON
		STATE:			VA
		ZIP:			20190

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MAXIMUS INC
		DATE OF NAME CHANGE:	19970205

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SERVICE EMPLOYEES INTERNATIONAL UNION
		CENTRAL INDEX KEY:			0001076439
		IRS NUMBER:				360852885

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		1800 MASSACHUSETTS AVE NW
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20036
		BUSINESS PHONE:		202-730-7000

	MAIL ADDRESS:	
		STREET 1:		1800 MASSACHUSETTS AVE NW
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20036

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SERVICE EMPLOYEE INTERNATIONAL
		DATE OF NAME CHANGE:	19990107
</SEC-HEADER>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">Arun Ivatury<BR>
Trustee, SEIU Benefit Plans Master Trust<BR>
SEIU Master Trust<BR>
1800 Massachusetts Avenue, NW<BR>
Washington, DC 20036</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">February 3, 2022<BR>
<BR>
Dear Fellow Maximus Shareholder,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The movement for racial justice escalated by the
killings of George Floyd, Ahmaud Arbery and Breonna Taylor and the racially disproportionate impact of the COVID-19 pandemic spurred many
companies to acknowledge the existence of systemic racism and pledge to take steps to combat it. Maximus, Inc. (&ldquo;Maximus&rdquo;
or the &ldquo;Company&rdquo;) states on its website that &ldquo;<FONT STYLE="background-color: white">[s]triving for equity involves intentionally
increasing justice and fairness within the policies, practices, and procedures of institutions and systems, as well as in their distribution
of resources and authority.</FONT>&rdquo;<SUP>1</SUP> <FONT STYLE="background-color: white">According to <FONT STYLE="color: #4A4A4A">Maximus&rsquo;
2020 ESG Report, &ldquo;</FONT></FONT>We must treat the pandemic of racism with the same concern, vigilance, and collective commitment
we are using to fight the other health pandemic we face.&rdquo;<SUP>2</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">At Maximus&rsquo; annual shareholder meeting on
March 15, 2022, shareholders can urge the Company to take a critical step toward achieving these goals by <B>voting FOR Proposal #4</B>.
Proposal #4 asks Maximus to engage a third party to conduct a racial equity audit and disclose the results of that audit. <B>A racial
equity audit would</B>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Analyze the full range of racial impacts caused by Maximus&rsquo; business
and operations;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Help Maximus provide more equitable services to its customers;&nbsp;and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Address racial inequities that are curbing economic growth and potentially
depressing investors&rsquo; returns.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Maximus has responded to pressure to address widespread
and longstanding racial injustice in the U.S. through diversity, equity and inclusion (&ldquo;DE&amp;I&rdquo;) initiatives.<SUP>3</SUP>
Its statement in opposition to the Proposal focuses exclusively on its DE&amp;I efforts,<SUP>4</SUP> though it is noteworthy that none
of the 24 executives identified as Maximus&rsquo; Executive Committee and Business Leaders is Black.<SUP>5</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #434343">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #434343"><FONT STYLE="background-color: white">_____________________________</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #434343; background-color: white"><SUP>1</SUP></FONT>
https://maximus.com/DEI</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #434343; background-color: white"><SUP>2</SUP></FONT>
https://maximus.com/sites/default/files/documents/Maximus-ESG-Report-2020-Final.pdf, at 3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #434343; background-color: white"><SUP>3</SUP></FONT>
<U>See</U> https://maximus.com/news/maximus-ceo-furthers-companys-commitment-diversity-equity-and-inclusion; https://executivegov.com/2021/05/maximus-commits-to-diversity-and-equity-initiatives-ceo-bruce-caswell-quoted/</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #434343; background-color: white"><SUP>4</SUP></FONT>
https://www.sec.gov/Archives/edgar/data/1032220/000114036122002719/ny20001676x1_def14a.htm#tP4, at 77-79.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: #434343; background-color: white"><SUP>5</SUP></FONT>
https://maximus.com/leadership</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <TD STYLE="text-align: right; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: #434343; background-color: white">Maximus
has an opportunity and a responsibility to do more, however. </FONT><FONT STYLE="color: #333333; background-color: white">The leaders
of JUST Capital, Policy Link, and FSG, a consulting firm founded by Harvard Business School Professor Michael Porter, formulated a &ldquo;CEO
Blueprint for Racial Equity.&rdquo; They opined that </FONT>&ldquo;<FONT STYLE="color: #333333; background-color: white">[c]orporate leaders
have a particularly powerful role to play in replacing racist structures, many of which have benefited those at the top, with policies
that bring us closer to&nbsp;<I>racial equity</I>&mdash;defined as &lsquo;just and fair inclusion into a society in which all can participate,
prosper, and reach their full potential.&rsquo;&rdquo;<SUP>6</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: #333333; background-color: white">Working
to eliminate systemic racism is not only the right thing to do; it benefits the economy. </FONT>&ldquo;Systemic racism,&rdquo; Atlanta
Federal Reserve President and CEO Raphael Bostic said in 2020, &ldquo;is a yoke that drags on the American economy.&rdquo;<SUP>7</SUP>
<FONT STYLE="color: #333333; background-color: white">A 2014 study estimated that eliminating the racial pay gap alone would have added
$2.1 trillion to the U.S.&rsquo;s 2012 GDP.<SUP>8</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #222222; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #222222; text-indent: 0.5in"><B>A racial equity audit would
allow Maximus to identify and analyze the racial impacts of its business activities.</B> For example, Maximus administers &ldquo;welfare-to-work&rdquo;
and other similar programs, in which recipients of government benefits are required to show that they are working a certain amount or
performing community service.<SUP>9</SUP> Such requirements create complexity for program participants&mdash;for example, participants
may misreport their hours worked or have trouble navigating reporting systems<SUP>10</SUP>&mdash;which increases the likelihood that participants
who are satisfying the requirements or who are exempt from them will nonetheless lose benefits.<SUP>11</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #222222">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: #222222">Medicaid work requirements
disproportionately affect Black families.<SUP>12</SUP> A coalition of 279 health, policy, patients&rsquo; rights, and racial justice organizations
wrote to then-Secretary of Health and Human Services Alex Azar in 2020 urging the agency to &ldquo;</FONT>immediately reject pending proposals
to impose punitive work requirements on parents with very low incomes in Alabama, Mississippi, Oklahoma, Tennessee, and South Dakota,&rdquo;
citing evidence that such requirements put Black families at disproportionate risk of losing coverage.<SUP>13</SUP> <FONT STYLE="color: #222222">Some
work requirements, including Michigan&rsquo;s Medicaid work requirement which Maximus administers,<SUP>14</SUP> include exemptions that
favor white rural communities.<SUP>15</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>6</SUP> <FONT STYLE="background-color: white">https://www.fsg.org/blog/ceo-blueprint-racial-equity</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><SUP>7</SUP></FONT> h<FONT STYLE="font-size: 10pt">ttps://www.frbatlanta.org/about/feature/2020/06/12/bostic-a-moral-and-economic-imperative-to-end-racism
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>8</SUP> https://www.policylink.org/sites/default/files/Equity_Solution_Brief.pdf,
at 4.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>9</SUP> <U>See</U> Filing on Form 10-K filed on Nov. 18, 2021,
at 14, 17.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>10</SUP> <U>See</U>, <U>e.g.</U>, https://www.pbs.org/newshour/show/with-new-work-requirement-thousands-lose-medicaid-coverage-in-arkansas;
https://arktimes.com/news/cover-stories/2018/11/19/locked-out-of-medicaid-2?oid=25890378</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>11</SUP> <U>See</U>, <U>e.g.</U>, Tracie McMillan, &ldquo;The
War on the War on Poverty,&rdquo; <U>Mother Jones</U>, Jan. 1, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>12</SUP> https://ccf.georgetown.edu/2020/06/02/racial-health-inequities-and-work-requirements/</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>13</SUP> https://ccf.georgetown.edu/wp-content/uploads/2020/12/Medicaid_Supporting-Black-Women-Sign-On-Letter.pdf</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>14</SUP> https://www.fool.com/earnings/call-transcripts/2019/11/19/maximus-mms-q4-2019-earnings-call-transcript.aspx</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>15</SUP> <U>See</U> https://www.vox.com/policy-and-politics/2018/5/3/17315382/medicaid-work-requirements-michigan-race;
https://www.washingtonpost.com/opinions/the-gop-is-quietly-crafting-work-requirement-waivers--for-white-people/2018/05/16/fcef4eb8-5928-11e8-8836-a4a123c359ab_story.html</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">We are not asking for
authority to vote your proxy and no proxy cards will be accepted. Please vote your proxy according to the instructions in Maximus&rsquo;
proxy statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left; background-color: white">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>A racial equity audit would also help Maximus
identify practices outside its own employment and business activities that <FONT STYLE="background-color: white">harm non-white stakeholders
and communities of color.</FONT></B> Although Maximus views its political engagement through the lens of its business as a government
contractor,<SUP>16</SUP> it and its political action committee (&ldquo;PAC&rdquo;) have supported candidates whose actions harm communities
of color. For example, Maximus&rsquo; PAC donated to Georgia Governor Brian Kemp, who last year signed into law a bill limiting voting
rights; the law has been criticized for targeting Black voters,<SUP>17</SUP> and the Department of Justice sued to invalidate certain
provisions, charging that they were &ldquo;<FONT STYLE="color: #333333; background-color: white">adopted with the intent to deny or abridge
Black citizens equal access to the political process</FONT>.&rdquo;<SUP>18</SUP></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>Public policy advocacy, both directly and through
trade associations, is a key avenue by which companies can reinforce or help dismantle systemic racism.</B> A 2020 article in the <U>Harvard
Business Review</U> on &ldquo;The 10 Commitments Companies Must Make to Advance Racial Justice&rdquo; pressed companies to &ldquo;<FONT STYLE="color: #282828; background-color: white">[c]ommit
at least 50% of [their] lobbying expenditures to drafting and supporting bills that would improve conditions for communities of color
by increasing access to quality education and training, rebuilding infrastructure, protecting consumers, ending racial oppression, rebuilding
the safety net, achieving&nbsp;</FONT><FONT STYLE="background-color: white">criminal justice reform<FONT STYLE="color: #282828">, and
making police more accountable.&rdquo;<SUP>19</SUP></FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #282828">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #282828; text-indent: 0.5in"><FONT STYLE="background-color: white">In
2020 and 2021, Maximus reported lobbying on bills dealing with the Supplemental Nutrition Assistance Program, the American Rescue Plan,
and COVID-19 relief.<SUP>20</SUP> Depending on the positions Maximus took, which cannot be ascertained from public disclosures, those
lobbying activities could have adverse racial impacts. Maximus&rsquo; web site discussion of trade associations provides a link that discloses
only two groups, both of which are 527 organizations rather than trade associations.<SUP>21</SUP> Without trade association disclosure,
it is not possible to determine whether trade association payments may be used for political or lobbying activities that harm communities
of color, but a racial equity audit could make such an assessment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>A racial equity audit would identify adverse
impacts and suggest ways for Maximus to fulfill its commitment to increasing justice and fairness</B>. The CEO Blueprint for Racial Equity
asserts that &ldquo;t<FONT STYLE="color: #333333; background-color: white">o drive meaningful </FONT><FONT STYLE="background-color: white">change,
all businesses must conduct a racial equity audit and share that assessment. This assessment should take a hard look at how a company
and its industry have benefited from racist systems, and should include a vision and concrete plans for how the company will repair those
systems to support a liberating, antiracist culture.&rdquo;<SUP>22</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white; text-indent: 0.5in">For the reasons discussed
above, we urge you to vote FOR Proposal 4 on Maximus&rsquo; proxy card. If you have any questions, please contact Renaye Manley via email
at renaye.manley@seiu.org.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>16</SUP> <U>See</U> https://maximus.com/government-relations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>17</SUP> https://www.cnn.com/2021/03/26/politics/georgia-voting-law-black-voters/index.html</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>18</SUP> https://www.npr.org/2021/06/26/1010606306/doj-says-georgias-new-voting-law-restricts-the-black-vote</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>19</SUP> https://hbr.org/2020/06/the-10-commitments-companies-must-make-to-advance-racial-justice</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>20</SUP> https://www.opensecrets.org/federal-lobbying/clients/bills?cycle=2021&amp;id=D000027466;
https://www.opensecrets.org/federal-lobbying/clients/bills?cycle=2020&amp;id=D000027466</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>21</SUP> https://maximus.com/government-relations; https://maximus.com/sites/default/files/images/paragraphs/numbers.png</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>22</SUP> https://www.fsg.org/blog/ceo-blueprint-racial-equity</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">We are not asking for
authority to vote your proxy and no proxy cards will be accepted. Please vote your proxy according to the instructions in Maximus&rsquo;
proxy statement.</P>

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