Vote of the Week: OM Group, year-over-year decline of 57%

OM Group’s 2012 vote result was 23%, the lowest result recorded this season. The result represents a year over year decline in support of 57%. We looked into the circumstances at OM Group and suspect that the failed 2012 Say on Pay vote was likely the result of increases in CEO pay during a period of poor stock performance. Reported CEO total pay increased ~9% to $5m, Additionally, shareholders may have been concerned over high relative pay levels and changes to the annual incentive program.

Pay and Performance Background

Pay Program

Compensation Arrangements and Practices

Other Meaningful Factors

Investor Outreach