Does the description disclose side effects, auth requirements, rate limits, or destructive behavior?
Annotations already declare readOnlyHint, idempotentHint, openWorldHint and destructiveHint=false, so the safety profile is fully covered without the description. The description adds the data provenance ('proxy statement') and the 'latest year' scoping plus a not-investment-advice disclaimer, but says nothing about coverage limits, lag, or what happens when a company has no proxy filing.
Agents need to know what a tool does to the world before calling it. Descriptions should go beyond structured annotations to explain consequences.