Resource Library Shareholder Voting, SOP, and Proxy Results

Say on Pay vote failure rate sits at lowest level since 2017.

CAP to SCT ratios remain positively correlated with TSR over the reported period.

Our year-end report recaps proxy voting results and trends for 2022.

The historically high S&P 500 failure rate is likely to remain through year-end, while the Russell 3000 failure rate has stayed steady since June.

This week’s report highlights companies with non-calendar fiscal year-end dates between 3/31 and 6/30 that disclosed actions in relation to COVID-19, and the response from shareholders and proxy advisors thus far.

Support Is Almost Identical to 2018 YTD Results; director election support continues to decline from prior year levels

Two of the predictions our team made at the beginning of the 2018 proxy season proved correct, while two turned out incorrect.

2,357 Russell 3000 companies held Say on Pay votes in 2017 and the average Say on Pay support in 2017 (91.7%) was the highest observed rate since voting began.

2,118 Russell 3000 companies held Say on Pay votes in 2016, and 92% of companies passed with above 70% support.

This report provides the full year of 2015 Say on Pay vote results, covering more than 2,100 Russell 3000 companies that held votes in calendar year 2015.

We have collected Say on Pay vote results for 125 additional Russell 3000 companies, bringing our total to 2,332.

We collected results for 81 more companies since our last report, bringing the total to 2,039 for the season.