Exequity’s Ed Hauder will participate in Day Pitney LLP’s upcoming GC Quarterly, a complimentary webinar series, on Friday, June 10, 2011 from 12 to 1 pm Eastern. Ed will be addressing “Say on Pay” — What should we do now that the vote is in?
Follow this link to register for this free webinar:
The charts below detail the level of support FOR say on pay (SOP) votes at S&P 900 companies and voting statistics regarding such support for SOP votes as of June 3, 2011 (click on the charts to enlarge):
The chart below looks at the say on pay frequency (SWOP) recommendations made by the S&P 900 companies compared to the actual SWOP that the companies announced they would adopt as of June 3, 2011 (click on the chart to enlarge):
Below are the say on pay (SOP) frequency recommendations from the S&P 900 companies (all the S&P 500 and S&P 400 companies) as of June 3, 2011 (click on the chart to enlarge) (only 2 new proxies filed this week):
As of June 3, 2011, the following eleven (11) S&P 900 companies had say on pay (SOP) votes that failed to garner 50% or greater “FOR” votes (bolded names indicate new companies to the list–no new failures this week):
- Constellation Energy Group (S&P 500)
- Helix Energy Solutions Group Inc. (S&P 400)
- Hewlett-Packard Company (S&P 500)
- Intersil Corporation (S&P 400)
- Jacobs Engineering Group, Inc. (S&P 500)
- Janus Capital Group, Inc. (S&P 500)
- Masco Corporation (S&P 500)
- M.D.C. Holdings Inc. (S&P 400)
- NVR Inc. (S&P 400)
- Stanley Black & Decker, Inc. (S&P 500)
- Superior Energy Services Inc. (S&P 400)
Note on Methodology: % of vote For/in support of SOP was calculated by determining the votes in support of the proposal as a percent of votes For, Against, and Abstain.
The chart below details the ISS say on pay (SOP) vote recommendations that have been reported for the S&P 900 companies as of May 27, 2011 (click on the chart to enlarge):
Please click on the graphic below to bring up a chart showing the companies that have received less than 50% FOR support on their Say on Pay (SOP) votes or that disclosed that their SOP proposals did not pass so far in 2011. Note that some of these companies have reported that their SOP votes passed (most likely because abstentions were not counted).
The charts below detail the level of support FOR say on pay (SOP) votes at S&P 900 companies and voting statistics regarding such support for SOP votes as of May 27, 2011 (click on the charts to enlarge):
The chart below looks at the say on pay frequency (SWOP) recommendations made by the S&P 900 companies compared to the actual SWOP that the companies announced they would adopt as of May 27, 2011 (click on the chart to enlarge):
Below are the say on pay (SOP) frequency recommendations from the S&P 900 companies (all the S&P 500 and S&P 400 companies) as of May 27, 2011 (click on the chart to enlarge):
