Behind the Numbers: What to expect with a supplemental filingDownload PDF
Our weekly Say on Pay report often raises interesting questions about what the data really mean. These questions are addressed in this series. Through May 15, 2012, at least 77 companies have filed supplemental proxy material specifically targeted at the Say on Pay vote, compared to 45 companies through the same period last year. Interestingly, our database shows that companies that make supplemental filings have experienced slightly lower Say on Pay votes than companies that do not file them, and that ISS recommendations are rarely reversed after a supplemental filing.