Say on Pay

Say on PayZoom inCurrent Report

Get comprehensive results in "Say on Pay Reports," in-depth analysis on Say on Pay results in our "Behind the Numbers" series, and insights on how companies are faring in "Vote of the Week."

Vote of the Week: Kilroy Realty

Our "Vote of the Week" features Kilroy Realty. Kilroy received 87% vote support in 2014 after failing in each of the three prior years. The Company likely received increased year over year support due to Changes to the annual and long-term incentive plans, increased emphasis on multi-year performance in the long-term incentive plan, continued shareholder outreach, and submission of a proposal to require a majority vote for uncontested director elections. Read more

Report update: eleven new companies with support below 50%

We have collected Say on Pay vote results for 357 additional Russell 3000 companies, bringing our total to 1,511. The average vote result for all companies in 2014 is 91%. Eleven additional companies failed since last week's report; 32 companies (2.1%) have failed so far this year. Of companies with four years of Say on Pay votes, 1,070 (92.4%) have passed all four years, 77 (6.6%) have passed in three years and failed in one year, nine companies (0.8%) have passed in two years and failed in two years, and two companies (0.2%) have passed in one year and failed in three years. Proxy advisory firm ISS is recommending 'against' Say on Pay proposals at 12% of companies in 2014. Read more

Vote of the Week: Chipotle Mexican Grill

Our "Vote of the Week" features Chipotle Mexican Grill. Chipotle received 23% vote support in 2014 after receiving 73% in 2013. Despite strong shareholder returns, the Company likely received lower year over year support due to magnitude of combined co-CEO pay levels which is high against peers, annual fixed grants of stock-only stock appreciation rights, and 'Vote No' campaign by CtW Investment Group. Read more

Report update: seven new companies with support below 50%

We have collected Say on Pay vote results for 309 additional Russell 3000 companies, bringing our total to 1,154. The average vote result for all companies in 2014 is 92%. Seven additional companies failed since last week's report; 21 companies (1.8%) have failed so far this year. Of companies with four years of Say on Pay votes, 827 (93.1%) have passed all four years, 53 (6%) have passed in three years and failed in one year, seven companies (0.8%) have passed in two years and failed in two years, and one company (0.1%) has passed in one year and failed in three years. Proxy advisory firm ISS is recommending 'against' Say on Pay proposals at 12% of companies in 2014. Read more

Vote of the Week: Motorola Solutions

Our "Vote of the Week" features Motorola Solutions. Motorola received 98% vote support in 2014 after receiving 68% in 2013. The Company likely received increased support in 2014 for its strong shareholder outreach following lower votes in 2012 and 2013, amendments to the CEO's contract to eliminate the tax gross-up provision and reduce the minimum annual bonus target, lack of special equity awards, and improved performance. Read more

Report update: six new companies with support below 50%

We have collected Say on Pay vote results for 290 additional Russell 3000 companies, bringing our total to 845. The average vote result for all companies in 2014 is 92%. Six additional companies failed since last week's report; 14 companies (1.7%) have failed so far this year. Of companies with four years of Say on Pay votes, 607 (93.5%) have passed all four years, 37 (5.7%) have passed in three years and failed in one year, four companies (0.6%) have passed in two years and failed in two years, and one company (0.2%) has passed in one year and failed in three years. Proxy advisory firm ISS is recommending 'against' Say on Pay proposals at 12% of companies in 2014. Read more

Vote of the Week: Rovi

Our "Vote of the Week" features Rovi. Rovi received 40% vote support in 2014 after receiving 53% in 2013. Despite the changes made by the Company, it likely received lower support in 2014 due to high CEO pay compared to peers, negative 3-yr TSR and declining year-over-year revenue, reduced short-term incentive target goals year-over-year and reduced long-term incentive threshold goals, and above median benchmarking practices. Read more

Report update: three new companies with support below 50%

We have collected Say on Pay vote results for 208 additional Russell 3000 companies, bringing our total to 555. The average vote result for all companies in 2014 is 92%. Three additional companies failed since last week's report; eight companies (1.4%) have failed so far this year. Of companies with four years of Say on Pay votes, 400 (94.3%) have passed all four years, 20 (4.7%) have passed in three years and failed in one year, three companies (0.7%) has passed in two years and failed in two years, and one company (0.2%) has passed in one year and failed in three years. Proxy advisory firm ISS is recommending 'against' Say on Pay proposals at 11% of companies in 2014. Read more