Ten Additional Companies Fail Say on Pay

Ten Additional Companies Fail Say on PayZoom inDownload PDF

1,818 Russell 3000 companies have filed CEO Pay Ratio disclosures in 2018. The median of ratios filed thus far is 72:1, and the median of median employee compensation is $63,804.

To date, 1,735 Russell 3000 companies have held Say on Pay votes and ten additional companies have failed since our last report – Boingo Wireless, FleetCor Technologies, G-III Apparel Group, IMAX, LivePerson, Nabors Industries, New York Community Bancorp, Nexstar Media Group, Preferred Bank (California), and Synergy Pharmaceuticals. The current failure rate (2.4%) is 90 basis points higher than last year’s failure rate.

Four environmental (11.1%) and four social (4.3%) proposals have received greater than 50% support in 2018. 398 equity proposals have been submitted thus far in 2018. By comparison, 674 equity proposals had been submitted at the same time last year.