Report Update: Results for the entire proxy 2013 season; 57 companies have failed SOP

Report Update: Results for the entire proxy 2013 season; 57 companies have failed SOPDownload PDF

This report provides the full year of results for 2013, covering over 2,200 companies in the Russell 3000. The majority of companies continued to pass Say on Pay in 2013 with substantial shareholder support: approximately 91% of companies passed with over 70% shareholder approval. Since our last update, seven additional companies announced failures (Capstone Turbine, Corinthian Colleges, DFC Global, Fusion-io, Masmio, Oracle, and SWS Group). Total failures for 2013 stand at 57 (2.5% of Russell 3000 companies), notably the same number of Russell 3000 companies that failed in 2012. We will begin to issue Say on Pay updates for the 2014 proxy season in March 2014.