Nine Additional Companies Fail Say on Pay

Nine Additional Companies Fail Say on PayZoom inDownload PDF

1,862 Russell 3000 companies have filed CEO Pay Ratio disclosures in 2018. The median of ratios filed thus far is 71:1, and the median of median employee compensation is $63,804.

To date, 1,909 Russell 3000 companies have held Say on Pay votes and nine additional companies have failed since our last report – Acacia Research, Bed Bath & Beyond, Hospitality Properties Trust, Medifast, Patterson UTI Energy, Qualys, Trinseo, Universal Insurance Holdings, and Zoe’s Kitchen. The current failure rate (2.6%) is 110 basis points higher than last year’s failure rate.

Four environmental (10.3%) and four social (4.0%) proposals have received greater than 50% support in 2018. 480 equity proposals have been submitted thus far in 2018. By comparison, 732 equity proposals had been submitted at the same time last year.