Two Additional Companies Fail Say on Pay

Two Additional Companies Fail Say on PayZoom inDownload PDF

The current Say on Pay failure rate (1.4%) is up 0.1% since our last report. 29 Russell 3000 companies have failed Say on Pay thus far in 2017; the two new companies that have failed since the last report are Bed Bath & Beyond and CytRx. 2,090 Russell 3000 companies have held Say on Pay votes in 2017 with an average vote result of 91.7%. The equity plan proposal failure rate (0.7%) in 2017 is higher than any of the past seven years. The percentage of companies receiving over 90% support, however, is also higher than any year over the same period.